U S History (1865 - After)

p 4The fiction of the brigand Barons The Myth of the Robber Barons The Myth of the Robber BaronsBusiness historian of Murray State University in Kentucky , Burton W Folsom Jr s informatory work , The Myth of the Robber Barons , unfolds the manufactured myth of Robber Barons and manifests the misplaced victory of industrial and economic progress of the States . It tells the story of earliest enterprisership in America and depicts six big(a) and inspiring entrepreneurs behind the industrial revolutionThe history fabricated by many historians illustrates that 19th century of American history is pronounced with the economic victimizations of bandit barons that deprived American citizens of the potential benefits of industrial enterprise and collected huge profits for themselves . But some of the bully industrialist and personal line of creditmen of the 19th century America have overly been equated with robber barons and their accomplishments have been labeled as the result of exploitation , theft and tr apieceery against their fallow countrymen . According to this myth of robber barons great entrepreneurs like Carnegie , Vanderbilt , and Rockefeller who helped America to establish itself on grueling economic footings and constructed huge infrastructures of banks , railroads , steel mills and cities , have been displayed as incarnations of exploiters with hideous agendasDr . Folsom tries to cast away these fabricated notions and manifests a sink discreteion between the exploiters and those entrepreneurs who struggled in an opposite way . These leaders worked to eliminate disparities in the industrial milieu and to break the monopolies . They however helped to create a just and progressive society by tackling social issues such as poverty , illiteracy etc . Folsom does not deny that there were no corrupt and malicious entrepreneurs . He describes that there were numerous entrepreneurs who established their influence in the policy-making and official sectors in to serve their own vested interest . These entrepreneurs were political in nature and worked only to establish and strengthen their business empires .

Folsom explains these two distinguished types of entrepreneurs in details and his in-depth analysis of these distinct types shows apparent differences among them . He categorizes these entrepreneurs as market entrepreneurs and political entrepreneurs provided further clarifies that no entrepreneur can be sort into a single category as their activities and objectives are overlapped . additionally , he displays the both trends i .e . political and market intermingles with each other and most entrepreneurs possess the characteristics of the both categoriesFolsom is of the view that introduction of this myth has political motivations as well i .e . to apologise and establish administration monopoly over the business and to capacitate government to intervene in the affairs of the entrepreneurs . He says that each detestation committed by a robber baron was a justification to establish governmental control and a motive to introduce reforms . Folsom further discloses that this reformation process suits the interests if the government as it takes away power from entrepreneurs and forward it to different states institutions Folsom further criticizes textbooks mainly for not providing correct information about these great entrepreneur and only describes political entrepreneur side of...If you want to film a full essay, order it on our website: Ordercustompaper.com

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