Corruption and Greed

Following Reconstruction in the war torn South, and the Sioux Wars in the West, the States was enjoying an industrialization period unlike any other. or so gone was the frontier, industries coming in, with men gaining unheard of wealth, and having leverage in many affairs. With the Robber Barons in control over the terra firmas economy, and men like Andrew Carnegie and John Rockefeller, what occurred is that corruption and graft greatly influenced American industry and business between 1860 to 1900. However, intentness organizations such as the Knights of Labor and AFL made steps in labor reforms and other government laws attempted to limit monopolies. Undoubtedly, the Robber Barons were the around influential in the corruption of industries during the 1860s to 1900s. The Robber Barons or Captains of constancy consisted of J.P. Morgan, Cornelius Vanderbilt, Jay Gould, Andrew Carnegie, and John Rockefeller. With the aid of graft and bribery, Vanderbilt made his fortune in railroads. Gould was Vanderbilts fiercest competitor, and with an unwitting President Grant, Jay Gould was able to manipulate the gold market, drive prices down and causing Black Friday (1869) that produced a depression that lasted for years.

By the 1890s, many of the railroad lines were near bankruptcy stemming from terrible stinting conditions and tough competition. J.P. Morgan, the bankers banker, went in and by 1900, owned half of Americas track mileage. Since his friends owned the rest, they were able to set railroad rates in the country, thereby cheating the customer. In another landmark that year, U.S. brace was born, the first billion-dollar company by anti-union Andrew Carnegie and Morgan. John D. Rockefeller made his interchange in the booming oil business. With a group of partners, he started the South Improvement Company. The company was extremely corrupt and curtly saw its end. Rockefeller then formed Standard Oil of Cleveland in 1870. The company used sabotage and bribery to get ahead.... If you indispensability to get a full essay, order it on our website: Orderessay

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