capitalism debate regarding their for-profit companies. They are at the center of the debate in terms of their non-profit companies and how social welfare should be handled.Marx would say 100% state directed; Carnegie will say 100% directed by individuals.Both philanthropic and charitable causes are types of “charity,” and the Barons did both, but the Baron’s primary was specifically one of self-directed philanthropy, and not charity, especially not charity directed by the state.The Barons aren’t at the heart of the socialism vs.This transition of the nation is due to the hopes and aspiration that certain young people of the nation had. They laid the foundation for the present greatest industries that include steel, shipping, oil, and finance.These people were determined, innovative, and young, These people include Cornelius Vanderbilt, John D. They are considered to be captains of the industry, since through their outstanding business skills they were able to transform the American economy.Carnegie proposed that the best way of dealing with the new phenomenon of wealth inequality was for the wealthy to redistribute their surplus means in a responsible and thoughtful manner.
They believed that the cost of steel and wood be affordable only by cutting the wages of the employees.
where wealth is willed to the state for public purposes.
TIP: Carnegie believed in a 100% estate tax that forced the rich to direct their money, less it be directed by the state as charity.
It includes, Vanderbilt and Rockefeller who were ready to take any risk and go to any extreme in order to accumulate wealth.
Robber Barons were known for their inhuman treatment of employees and the methods that they used.