Read The Titans By Bernard A. Weisberger

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The Titans-Bernard A. Weisberger

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Here, from the eminent historian Bernard A. Weisberger, are the dramatic stories of the giants of the Gilded Age, the men who made America the mightiest nation on Earth - Philip D. Armour, Andrew Carnegie, James B. Duke, Henry Ford, Meyer Guggenheim, James J. Hill, Cyrus H. McCormick, J. P. Morgan, John D. Rockefeller, and Cornelius Vanderbilt.

Book The Titans Review :



For many ambitious men the 19th century was a glorious period. It witnessed the rise of some of the greatest businessmen in the history of the United States, men who changed the lives of its people from farming communities to modern industrial institutions. Their names are still familiar, even today: John Rockefeller, Andrew Carnegie, Henry Ford, JP Morgan, Cornelius Vanderbilt, Simon Guggenheim, James Duke, and few others.Who exactly were those people and how did they manage to become so famous? The author, Mr. Weisberger, takes the reader for a tour into the lives of those giants unraveling their strengths and weaknesses. Above all, they were highly ambitious and devoted pioneers who put progress and achievement above all else. They did not boast a high formal education (no Ph.D's, no MBA's) but soon demonstrated sharp business acumen. One feature common to all was their ability to sense the direction of economic growth. Vanderbilt saw the future in steam, McCormick in reapers for farming , Duke in tobacco and smoking, Rockefeller in petroleum, and so on. This simple foresight put them ahead and brought them great wealth. Almost all started poorly; Carnegie started with a monthly salary of $3; toward the end, his average monthly income was one million dollars!! Guggenheim started as a door-to-door peddler.To be fair, and to put things in the right perspective, all these pioneers had good support from the prevailing conditions in their country. We must keep in mind that, during the 19th century alone, population growth in the US topped 70 million!! With this huge jump came a corresponding demand for almost every thing from housing and food products to transportation and energy. The pioneers, naturally, were delighted with these conditions.It is pertinent and informative to know: Were those pioneers ethical and law abiding in their business dealings? The fact is, almost all of them got in conflict with the law, and mostly about their monopolistic trends. That's when the Sherman Anti Trust Act was introduced (1890) after lengthy legal fights. Still, Mr. Guggenheim openly violated Government conservation policy in Alaska by building a $25 million coal-field project - a grievous violation which tarnished his reputation. It should also be mentioned that, in general, most of these large companies fought fiercely to drive away the small competitors to achieve dominance, completely oblivious to the sense of equality for which America was striving.One question which is inevitably asked about this exciting period is: what did those moguls do with all the massive wealth that they accumulated over the years? It seems that, as expected , most gave some to charity and to favourite institutions, but saved the rest for their heirs and business operations. Andrew Carnegie stands out here as the man who gave away over 90% of his wealth. Incidentally, he believed in Darwin's theory (and so did Rockefeller to some extent), that wealth comes to the ablest and strongest competitors; but they in turn, are responsible to distribute it to the less fortunate people. He believed that "The man who dies rich, dies disgraced".Fuad R. QubeinMarch, 2017
This is a nice introduction to the history of American industry and to the men who helped build it. The names were familiar to me, but not their individual stories. It shows that success has a lot to with opportunity, but also simple hard work and determination.

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