Captains of industry

For other uses, see Captains of Industry disambiguation. In the late 19th century a captain of industry was a business leader whose means of amassing a personal fortune contributed positively to the country in some way. This may have been through increased productivity, expansion of markets, providing more jobs, or acts of philanthropy.

Captains of industry

When William Eliot Barrows became General Manager of the Willimantic Linen Company in Willimantic, Connecticut, inhe determined to make it a showpiece of what historians call industrial paternalism or industrial benevolence, the belief that employers were like parents and employees like children, and that the employers were responsible for the moral and cultural education of their workers.

He built a school, a company store, and a library for workers and their families. He instituted coffee breaks. His Board of Directors Captains of industry upset because he spent large sums of money on what they considered frivolous projects like the Oaks and the Dunham Hall Library.

And while the workers might have appreciated the nice homes and coffee breaks, they resented being treated like children. The Board of Directors fired him in There were a lot of men — and some women — in Connecticut, Massachusetts, and Rhode Island with capital to invest in new ideas in the early s.

The shipping industry especially the West Indies trade, the China trade, and the slave trade had given rise to great fortunes that could be invested in high-risk-but-high-ceiling projects like textile mills. The first entrepreneur to invest in Willimantic was Perez Richmond from Rhode Island, who erected a cotton mill there in From the collections of the Windham Textile and History Museum.

Captains of industry moved to another location in town. Summer opened a third silk mill in Willimantic, and inHiram and Albert Conant moved their silk mill to Willimantic from Mansfield.

Byrows of stone and brick textile mills, small and large, lined the steep, rocky slopes of the Willimantic gorge. By far the most successful of the Willimantic Textile tycoons was Austin Dunham.

They replaced it with a larger, three-and-a-half story cotton mill. InDunham bought out his partners. Init merged with another, even larger, company that Dunham owned at Willimantic. At first, the Company manufactured linen cloth, but when the Crimean War cut off its supply of Russian flax, Dunham shifted to producing cotton thread instead.

Inthe Company, flush with profits, built a large new stone millhouse with 10, spindles. When the Civil War loomed, Dunham — having learned a valuable lesson from the earlier Crimean War — decided to stockpile cotton in advance of the fighting.

Sure enough, when the war began inmost of the other New England textile mills found themselves without Southern cotton. But Dunham had plenty. Such mansions proclaimed the place of mill owners and mangers at the top of the 19th-century industrial hierarchy. He expanded operations by building an even larger millhouse adjacent to first, with brand new machinery especially designed to produce thread of sufficient quality and uniformity that it could be used in that popular new invention, the sewing machine.

Then, inmysterious stranger with English accents appeared in Willimantic. It formed a subsidiary called the American Thread Company — British managed, despite its name — and acquired the Linen Company and several other large New England mills.

Mill owners, managers, and agents were successful businessmen who enjoyed refined, genteel lifestyles. They showed off their high status by living in multi-room hilltop mansions with high ceilings, fancy wallpaper, polished wood floors, fine furnishings, and lace curtains.

They dressed in nice clothes, employed servants to care for their homes, and enjoyed the respect and admiration of their neighbors. Powerful and wealthy, they were local leaders — the movers and shakers in the communities where they lived.

Company stores were commonplace in Connecticut mill towns. They sold both food and general merchandise to workers and their families on credit, and were in part a device for recapturing wages. This building now houses the Windham Textile and History Museum. On the third floor of the Willimantic Linen Company store, Barrows created a library for workers and their families.

The library, named Dunham Hall for Austin Dunham, the founder of the WLC, is a prime example of industrial benevolence, or industrial paternalism.The American industrial renaissance makes the United States a world power.

Powerful men like Vanderbilt, Rockefeller, Carnegie, and Morgan push America to the top--but were they captains of industry or robber barons? The Ok Tedi Mine is an open-pit copper and gold mine in Papua New Guinea located near the headwaters of the Ok Tedi River, in the Star Mountains Rural LLG of the North Fly District of the Western Province of Papua New vetconnexx.comrges from the mine have caused widespread and diverse harm, both environmentally and socially, to the 50, .

Captains of industry

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Captains of industry

Čeština English Español Indonesian Italian Polish Português . Description. As we begin to explore the Gilded Age (), that era in American History sandwiched between the Civil War/Reconstruction and the Progressive Era to the Great War, students will grasp how the Captains of Industry had a huge part to play in the Chaos of the late s.

The Industrial Revolution. A time when strong work ethic, a sharp mind and a little elbow grease was enough to take a man from rags to riches. Do you have what it takes to become a captain of industry? Use seven different types of facilities to feed.

Captains of Industry: US History for kids ***