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Old 10-28-2005, 10:22 PM   #36
Radar
Constitutional Scholar
 
Join Date: Dec 2002
Location: Ocala, FL
Posts: 4,006
Quote:
Originally Posted by Rock Steady
They WERE Capitalism. Some of their names are still with us today. Carneige Hall, Carneige-Mellon University: Andrew and Andrew. They were not the worst, but they had a spotted record. The american industrial revolution did great things for this country, but it was not without it's otrocities.

Jay Gould was a real sleaze ball.

Legacy

In his lifetime and for a century after, Gould had a firm reputation as the most unethical of the 19th century American businessmen known as robber barons. He routinely tested the boundaries of the law, finding ways to turn a situation in his favor when other businessmen might have settled on breaking even. He pioneered the practice, now commonplace, of declaring bankruptcy as a strategic maneuver. He had no opposition to using stock manipulation and insider trading (which were then legal but frowned upon) to build capital and to execute or prevent hostile takeover attempts. As a result, many contemporary businessmen did not trust Gould and often expressed contempt for his approach to business. Even so, John D. Rockefeller named him as the most skilled businessman he ever encountered.


List of businessmen who were called robber barons

* John Jacob Astor (real estate, fur)
* Andrew Carnegie (steel)
* Jay Cooke (finance)
* Daniel Drew (finance)
* James Fisk (finance)
* Henry Flagler (railroads)
* Henry Ford (automobile)
* Henry Clay Frick (steel)
* Jay Gould (finance, railroads)
* Edward Henry Harriman (railroads)
* Collis P. Huntington (railroads)
* James J. Hill (railroads)
* J. P. Morgan (banking)
* John D. Rockefeller (oil, the Standard Oil company)
* Leland Stanford (railroads)
* Cornelius Vanderbilt (railroads, shipping)

Your names and your claims are laughable. You clearly don't do too much reading, but if you can find someone to read something to you and then explain it to you, check out...

The Myth of the Robber Barons by Burton W. Folsom
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