What were robber barons Video
Milton Friedman - The Robber Baron MythWhat were robber barons - sorry
Those of us who get drawn, often against our better judgment, into Internet debates soon discover that the case against the market economy in the popular mind boils down to a few major claims. This fear can be attributed in part, no doubt, to the cartoon history of the 19th century virtually all of us were exposed to in school. Historian Burton Folsom made an important distinction, in his book The Myth of the Robber Barons, between political entrepreneurs and market entrepreneurs. The political entrepreneur succeeds by using the implicit violence of government to cripple his competitors and harm consumers. The market entrepreneur, on the other hand, makes his fortune by providing consumers with products they need at prices they can afford, and maintains and expands his market share by remaining innovative and responsive to consumer demand. It is only the political entrepreneur who deserves our censure, but both types are indiscriminately attacked in the popular caricature that has deformed American public opinion on the subject. John D. what were robber baronsTHE newly rich who had so quickly won to supreme power in the economic order enjoyed an almost universal esteem for at least twenty years after the Civil Whay. Their glory was at its zenith ; during this whole period they literally sunned themselves in the affection of popular opinion.
News from India about peace, freedom and economics
The degree in which they had won a general public consent is reflected in many a candid abrons even naively ecstatic chronicle in the press, a press with which they of course maintained the warmest and most inspiring relations. The type of the successful baron of industry now presented itself as the high human product of the American what were robber barons, the flower of its own order of chivalry, much wondered at, envied or feared in foreign lands whose peers had arrived somewhat earlier at coronets, garlands and garters.
As wgat he would indeed be bold who would challenge their right to sit in the highest assembly of the country as representatives of the American people. In short read article the railroad presidents, the copper barons, the big dry-goods merchants and the steel masters became Senators, ruling in the highest councils of the national government, and sometimes scattered twenty-dollar gold pieces to newsboys of Washington.
But they also became what were robber barons even greater number lay leaders of churchestrustees of universities, partners or owners of newspapers or press services and figures of fashionable, cultured society.
Having doubts about how to write your paper correctly?
And through all these channels they labored to advance their policies and principles link, sometimes directly, more often with skillful indirection. The spirit of our barons led them by many paths to worship in the House of God. What were robber barons would be false to deny or overlook the strong religious impulse shared by most of the great possessors of money, who were nearly all apparently true believers, godly men and generous champions of the Church.
The unconscionable Daniel Drew, for instance, would always repair to his home or his church in his hours of trouble and pray vociferously to the Lord. In his mystic faith he possessed a seeming affinity with those predatory warriors of other centuries who turned so easily from the field of slaughter to kneel in prayer before the altar of God. In all his days, Jay Cooke, the lordly financier of the Civil War days, what were robber barons never lost an opportunity to do service to God. With the same calm, deacon-like air, he bought church-bells for neighboring churches of Philadelphia, distributed pensions for needy ministers of the gospel, as he bought newspapers, or gave cases of wine or valises of greenbacks to needy politicians.
And at the same time he would caution his personnel to be virtuous, God, fearing and without pride, as he had always been. Then as he prospered he gave himself over more and more to a pious evangelism : in the Bible classes he taught at the age of twenty-eight in Cleveland he urged his pupils, as Flynn relates, to arm themselves with the Puritan virtues.
Flynn has said in his biography of Rockefeller ; and in part, at least, the barons carried it back to do glory to God, and to pay Him His due. Some of them surpassed each other in presenting Him with gifts of barbarous magnificence ; others, whose evangelical faith forbade such archaic displays, expended even greater sums to build sacred edifices of noteworthy plainness and severity. In either case they hastened to confer substantial parts of the booty taken in successful raids, as if fearing that God would be angry unless much money were paid. The mighty churches of New York and Chicago were filled to bursting with the Astors, the younger Vanderbilts, the Rockefellers, the Wanamakers, the Morgans, the Armours, the Pullmans and all what were robber barons kin, what were robber barons paid for these churches.
This view is certainly borne out in the case of men like Henry Frick and Pierpont Morgan, who both tended toward those patterns of worship which were more glamorous and archaic than that of the Calvinists. Flouting opinion, he appeared in public before newspaper reporters with one of his favorites, and lived openly with another, according to one baronns his recent biographers, Mr.]
Amusing topic
Excuse, that I interrupt you, would like to offer other decision.
Magnificent idea
I consider, that you are not right. I am assured. Let's discuss. Write to me in PM.
I apologise, but it not absolutely that is necessary for me.