Summary of Burt Folsom's The Myth of the Robber Barons
By IRB Media
()
About this ebook
Please note: This is a companion version & not the original book. Book Preview:
#1 The steamship industry was one of the first large-scale businesses to be mechanized, and it was in the vanguard of technological change. It was also highly competitive, and soon became large in scale.
#2 The triumph of market entrepreneurs in steamboating led to improvements in technology. As one man observed, The boat builders, freed from the domination of the Fulton-Livingston interests, were quick to develop new ideas that before had no encouragement from capital.
#3 Vanderbilt was a market entrepreneur who fought monopolies. He cut costs by improving steamship technology and lowering fares. He was called a monopolist by his competitors, but he actually brought competition to the industry.
#4 In the 1840s, improving technology changed steamboats into steamships. The new steamers were many times bigger and faster than Fulton’s Clermont. They were sturdy and were built to cross the Atlantic Ocean.
IRB Media
With IRB books, you can get the key takeaways and analysis of a book in 15 minutes. We read every chapter, identify the key takeaways and analyze them for your convenience.
Read more from Irb Media
Summary of David R. Hawkins's Letting Go Rating: 4 out of 5 stars4/5Summary of Jessie Inchauspe's Glucose Revolution Rating: 5 out of 5 stars5/5Summary of Tiago Forte's Building a Second Brain Rating: 4 out of 5 stars4/5Summary of Dr. Mindy Pelz's The Menopause Reset Rating: 3 out of 5 stars3/5Summary of Mark Wolynn's It Didn't Start with You Rating: 4 out of 5 stars4/5Summary of Joe Dispenza's Breaking the Habit of Being Yourself Rating: 4 out of 5 stars4/5Summary of Anna Lembke's Dopamine Nation Rating: 4 out of 5 stars4/5The Untethered Soul by Michael A. Singer | Key Takeaways, Analysis & Review: The Journey Beyond Yourself Rating: 4 out of 5 stars4/5Summary of J.L. Collins's The Simple Path to Wealth Rating: 5 out of 5 stars5/5Summary of Al Brooks's Trading Price Action Trends Rating: 5 out of 5 stars5/5Summary of Ryan Daniel Moran's 12 Months to $1 Million Rating: 5 out of 5 stars5/5Summary of Lindsay C. Gibson's Adult Children of Emotionally Immature Parents Rating: 5 out of 5 stars5/5Summary of James Nestor's Breath Rating: 5 out of 5 stars5/5Summary of Clarissa Pinkola Estés's Women Who Run With the Wolves Rating: 5 out of 5 stars5/5Summary of Erin Meyer's The Culture Map Rating: 5 out of 5 stars5/5Summary of Dr. Julie Smith's Why Has Nobody Told Me This Before? Rating: 4 out of 5 stars4/5Summary of Gabor Mate's When the Body Says No Rating: 0 out of 5 stars0 ratingsSummary of Lindsay C. Gibson's Self-Care for Adult Children of Emotionally Immature Parents Rating: 5 out of 5 stars5/5Summary of Haemin Sunim's The Things You Can See Only When You Slow Down Rating: 5 out of 5 stars5/5Summary of Mark Douglas' The Disciplined Trader™ Rating: 5 out of 5 stars5/5Summary of Brendan Kane's One Million Followers Rating: 0 out of 5 stars0 ratingsSummary of Bronnie Ware's Top Five Regrets of the Dying Rating: 4 out of 5 stars4/5Summary of Gordon Neufeld & Gabor Maté's Hold On to Your Kids Rating: 5 out of 5 stars5/5Summary of Devon Price's Unmasking Autism Rating: 5 out of 5 stars5/5Summary of Uma Naidoo's This Is Your Brain on Food Rating: 5 out of 5 stars5/5Summary of Anna Coulling's A Complete Guide To Volume Price Analysis Rating: 5 out of 5 stars5/5Summary of Gino Wickman's Traction Rating: 4 out of 5 stars4/5Summary of Rebecca Fett's It Starts With The Egg Rating: 0 out of 5 stars0 ratingsSummary of Thomas Erikson's Surrounded by Idiots Rating: 1 out of 5 stars1/5
Related to Summary of Burt Folsom's The Myth of the Robber Barons
Related ebooks
A Brave New World (Book 2 of War's End) Rating: 0 out of 5 stars0 ratingsWhat's Wrong with the World Rating: 0 out of 5 stars0 ratingsMankind in the Making Rating: 0 out of 5 stars0 ratingsSummary of Richard M. Weaver's Ideas Have Consequences Rating: 0 out of 5 stars0 ratingsThe Mystery of Fascism: David Ramsay Steele's Greatest Hits Rating: 0 out of 5 stars0 ratingsThe Rights of Man Rating: 4 out of 5 stars4/5Anti-Dictator: the Discours sur la servitude volontaire of Étienne de La Boétie Rating: 0 out of 5 stars0 ratingsThe Man that Corrupted Hadleyburg: From the Author of Tom Sawyer Rating: 0 out of 5 stars0 ratingsHot, Flat and Crowded (Review and Analysis of Friedman's Book) Rating: 0 out of 5 stars0 ratingsThe Letters of William James, Vol. II Rating: 0 out of 5 stars0 ratingsJack London The Dover Reader Rating: 4 out of 5 stars4/5What Social Classes Owe to Each Other Rating: 0 out of 5 stars0 ratingsThe American Cause Rating: 0 out of 5 stars0 ratingsSummary of Hampton Sides's Ghost Soldiers Rating: 0 out of 5 stars0 ratingsA Study Guide for Mary Chase's "Harvey" Rating: 0 out of 5 stars0 ratingsSummary of Patrick J. Deneen's Why Liberalism Failed (Politics and Culture) Rating: 0 out of 5 stars0 ratingsEssays of a Biologist Rating: 0 out of 5 stars0 ratingsEveryday Freedom: Designing the Framework for a Flourishing Society Rating: 0 out of 5 stars0 ratingsJourney to Immortality Rating: 0 out of 5 stars0 ratingsRollback: Repealing Big Government Before the Coming Fiscal Collapse Rating: 0 out of 5 stars0 ratingsIs Shakespeare Dead? Rating: 5 out of 5 stars5/5Common Sense Rating: 0 out of 5 stars0 ratingsThe Winning of the West: all four volumes Rating: 0 out of 5 stars0 ratingsThe Early Life of Abraham Lincoln Rating: 0 out of 5 stars0 ratingsThe Plot to Change America: How Identity Politics is Dividing the Land of the Free Rating: 0 out of 5 stars0 ratingsCandide Rating: 4 out of 5 stars4/5The Autobiography of Benjamin Franklin Rating: 0 out of 5 stars0 ratingsI Am John Galt: Today's Heroic Innovators Building the World and the Villainous Parasites Destroying It Rating: 4 out of 5 stars4/5Master and Man Rating: 4 out of 5 stars4/5We (A Dystopian Science Fiction Classic) - The Unabridged Original 1924 Edition Rating: 0 out of 5 stars0 ratings
Economics For You
The Intelligent Investor, Rev. Ed: The Definitive Book on Value Investing Rating: 4 out of 5 stars4/5Economics 101: From Consumer Behavior to Competitive Markets--Everything You Need to Know About Economics Rating: 4 out of 5 stars4/5A History of Central Banking and the Enslavement of Mankind Rating: 5 out of 5 stars5/5Talking to My Daughter About the Economy: or, How Capitalism Works--and How It Fails Rating: 4 out of 5 stars4/5The Richest Man in Babylon: The most inspiring book on wealth ever written Rating: 5 out of 5 stars5/5Wise as Fu*k: Simple Truths to Guide You Through the Sh*tstorms of Life Rating: 4 out of 5 stars4/5How to Be Everything: A Guide for Those Who (Still) Don't Know What They Want to Be When They Grow Up Rating: 4 out of 5 stars4/5Divergent Mind: Thriving in a World That Wasn't Designed for You Rating: 4 out of 5 stars4/5The Hard Truth About Soft Skills: Soft Skills for Succeeding in a Hard Wor Rating: 3 out of 5 stars3/5The Lords of Easy Money: How the Federal Reserve Broke the American Economy Rating: 4 out of 5 stars4/5Everybody Lies: Big Data, New Data, and What the Internet Can Tell Us About Who We Really Are Rating: 4 out of 5 stars4/5You Can't Lie to Me: The Revolutionary Program to Supercharge Your Inner Lie Detector and Get to the Truth Rating: 4 out of 5 stars4/5Confessions of an Economic Hit Man, 3rd Edition Rating: 5 out of 5 stars5/5Capitalism and Freedom Rating: 4 out of 5 stars4/5Principles for Dealing with the Changing World Order: Why Nations Succeed and Fail Rating: 4 out of 5 stars4/5A People's Guide to Capitalism: An Introduction to Marxist Economics Rating: 4 out of 5 stars4/5Chip War: The Fight for the World's Most Critical Technology Rating: 4 out of 5 stars4/5Quiet Leadership: Six Steps to Transforming Performance at Work Rating: 4 out of 5 stars4/5The Real Price of Everything: Rediscovering the Six Classics of Economics Rating: 4 out of 5 stars4/5Bad Samaritans: The Myth of Free Trade and the Secret History of Capitalism Rating: 4 out of 5 stars4/5Getting to Yes with Yourself: (and Other Worthy Opponents) Rating: 4 out of 5 stars4/5Capital in the Twenty-First Century Rating: 4 out of 5 stars4/5The Sovereign Individual: Mastering the Transition to the Information Age Rating: 4 out of 5 stars4/5Summary of Caste (Oprah's Book Club): by Isabel Wilkerson - The Origins of Our Discontents - A Comprehensive Summary Rating: 0 out of 5 stars0 ratingsDoughnut Economics: Seven Ways to Think Like a 21st-Century Economist Rating: 4 out of 5 stars4/5Sex Trafficking: Inside the Business of Modern Slavery Rating: 4 out of 5 stars4/5
Reviews for Summary of Burt Folsom's The Myth of the Robber Barons
0 ratings0 reviews
Book preview
Summary of Burt Folsom's The Myth of the Robber Barons - IRB Media
Insights on Burt Folsom's The Myth of the Robber Barons
Contents
Insights from Chapter 1
Insights from Chapter 2
Insights from Chapter 3
Insights from Chapter 4
Insights from Chapter 5
Insights from Chapter 6
Insights from Chapter 1
#1
The steamship industry was one of the first large-scale businesses to be mechanized, and it was in the vanguard of technological change. It was also highly competitive, and soon became large in scale.
#2
The triumph of market entrepreneurs in steamboating led to improvements in technology. As one man observed, The boat builders, freed from the domination of the Fulton-Livingston interests, were quick to develop new ideas that before had no encouragement from capital.
#3
Vanderbilt was a market entrepreneur who fought monopolies. He cut costs by improving steamship technology and lowering fares. He was called a monopolist by his competitors, but he actually brought competition to the industry.
#4
In the 1840s, improving technology changed steamboats into steamships. The new steamers were many times bigger and faster than Fulton’s Clermont. They were sturdy and were built to cross the Atlantic Ocean.
#5
In 1847, Congress gave money to the Collins and California lines, but they took years to build their luxurious ships. Collins, especially, had champagne tastes with taxpayers’ money. He built four enormous ships, each with elegant