Jay Cooke Birth- August 10, 1821 Death- February 8, 1905 Childhood Jay Cooke was born on August 10, 1821 in a small town called Sandusky, Ohio; he was one of the first boys to be born in this town.When he turned fourteen he stopped his schooling and went to work as a clerk in a small town near his home town. At age eighteen he moved to Philadelphia which became his home town and where he started his business. Business When Jay Cooke moved to Philadelphia he started his own business called Jay Cooke and Company. When the civil war was going on he funded thousands of government bond which helped the army get through the war, doing that made Jay Cooke millions. After retiring from the banking business Cooke moved on to the railroad company. He started to build railroads in the 1870s trying to make the new Chicago. He never succeeded he went bankrupt, but a few years later he found a silver mine and became wealthy again. Robber Baron or Captain of Industry? If people back in the 1800s were a Robber Baron it meant that they scammed other people so that they could get wealthier. Most of them didn’t care much about anything except money and how they were going to get it. If you were a Captain of Industry then you did good things for your people and your country. People from Captains of Industry took there own money and helped the country in any way. Jay Cooke was A Robber Baron, even though he helped the army get through the war and gave some of his money to charity, the only thing that he wanted to do was become wealthy.
Jay Cooke
Birth- August 10, 1821
Death- February 8, 1905
Childhood
Jay Cooke was born on August 10, 1821 in a small town called Sandusky, Ohio; he was one of the first boys to be born in this town. When he turned fourteen he stopped his schooling and went to work as a clerk in a small town near his home town. At age eighteen he moved to Philadelphia which became his home town and where he started his business.
Business
When Jay Cooke moved to Philadelphia he started his own business called Jay Cooke and Company. When the civil war was going on he funded thousands of government bond which helped the army get through the war, doing that made Jay Cooke millions. After retiring from the banking business Cooke moved on to the railroad company. He started to build railroads in the 1870s trying to make the new Chicago. He never succeeded he went bankrupt, but a few years later he found a silver mine and became wealthy again.
Robber Baron or Captain of Industry?
If people back in the 1800s were a Robber Baron it meant that they scammed other people so that they could get wealthier. Most of them didn’t care much about anything except money and how they were going to get it. If you were a Captain of Industry then you did good things for your people and your country. People from Captains of Industry took there own money and helped the country in any way. Jay Cooke was A Robber Baron, even though he helped the army get through the war and gave some of his money to charity, the only thing that he wanted to do was become wealthy.