Thursday, November 13, 2014

How The Tycoons Became So Rich

      In the American Revolution corporations were able to be tycoons in order to buy and sell products to consumers. Tycoons were able to become very wealthy by, the process of controlling as much of the business as possible through vertical integration. Vertical Integration is known as the combination of one company of two or more products operated by separate companies. Corporations were able  to search for new ways to make better products cheaply. An example was Andrew Carnegie that became a steel manufacturer and bought other companies in order to have the most control and, be able to gain as much profit. He not only did profit but he also donate money to charities and was known as a model in the 19th century.
          


Andrew Carnegie and example of Vertical Integration with the steel Manufacturing Source








            
         
People believed that rich people was a sign of God Source







         




     As a result corporations began to have competition among their selves. Robber baron known as wealthy people who try to get land or business more money in a way that is dishonest or wrong. Business were raising prices higher than before and started to reduce wages of workers. With the idea of wealth social Darwinism kick it in, 
people that believed that being rich was a sign of God’s 
favor and a sing of being poor. 
In my opinion I believe that rich man liked the idea of social
Darwinism because, the government 
wouldn't question god’s rules and, they would believe that they are more superior than poor people.

No comments:

Post a Comment