Carnegie as a Captain of Industry
Andrew Carnegie was a captain of industry because of his business strategy, the treatment of his workers, and his wealth and philanthropy.
Carnegie constantly knew the costs and expenses that his company made so that he could manage the worth of his business.
Treatment of Workers
Carnegie pays his workers a lower amount of money to ensure the company makes a profit.
Wealth and Philanthropy
Carnegie donated many of his profits made from his businesses.
Although the Gilded Age occurred in the late 19th century, it still actively affects our industry today.
The Gilded Age and Today
During the Gilded Age, the railroads were built and used as a primary transportation source for supplies and people. Today, the railroads are still a huge mode of transportation interstate and in cities.
Differences Between The Rich and The Poor
In the cities, the rich people lived further from center city than the poor. The poor people were crammed into the tight centers of the cities working in run down buildings while the rich were out in spacious land further away from the poor. Today it is still the same, the rich live in big mansions away from the city and the poor live in tiny apartments at the heart of the city.
Developed the Middle Class
Throughout the Gilded Age, a middle class was developed, which is between the rich and the poor. The people of the middle class lived in the middle of the rich and the poor, not on the outskirts of town but also not in center city. Today, we still have a middle class, however instead of living in the city, our middle class lives in the suburbs.