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Robber Barons of the Gilded Age are masters of the world

People are used to giving names to those historic periods that have significantly changed the state of the things in the world. A colossal boom of the industrial, economic and social development of the US from 1865 to 1901 is called the Gilded Age. This name was invented by Mark Twain’s who satirically converted it from Golden Age. The Gilded Age means something bright and attractive from the outside but rough and foul from within. From one’s side of the story The Gilded Age brought the US on the top of the world but can we speak of the whole nation? With a closer look at this period, it becomes clear that only a few people reaped a benefit from that favourable situation. The capitalists who became extremely rich while exploiting natural resources, low-paid manpower and favours of the government were called “robber barons". They deprived the rights of ordinary citizens with the only aim to earn big money and absolute power.

John D. Rockefeller, J.P. Morgan, Andrew Carnegie are businessmen who especially deserve to be titled as the evilest robber barons of the US. This is so because they rigorously exploited their workers, speculated on the stock exchange, hoodwinked and ran a dirty business with partners. Conniving and cruel methods of John D. Rockefeller helped him to gain total control over the US oil industry. J.P. Morgan is another Gilded Age titan who scraped up a fortune keeping his workers in terrible conditions in dark coal seams. Today it is not a secret that all monopolists have raised money by playing unfair business games and often going beyond the law. Their methods were rather iffy and often inhumane in relation to employees who suffered from terrible working and living conditions, were underpaid and overcharged. While others hardly made both ends meet robber barons lined their pockets at a fearful rate.

The robber barons greatly contributed to the industrial and financial growth of the US, but can we say that it made an average American happier? Just imagine throughout a century they and their descendants have remained the richest people in the world still have a firm grip on the reins of power over millions of people. The monopolies have never ever shared their wealth and power with smaller players and barons have never broken bread with ordinary people. Yet, we cannot turn the course of history but we are to remember the wise saying: the bird that has eaten cannot fly with the bird that is hungry.

People are used to giving names to those historic periods that have significantly changed the state of the things in the world. A colossal boom of the industrial, economic and social development of the US from 1865 to 1901 is called the Gilded Age. This name was invented by Mark Twain’s who satirically converted it from Golden Age.

Assignment ID
100000774
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CREATED ON
1 August 2016
COMPLETED ON
2 August 2016
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