Originally posted by lmd91343 Compare his behavior to that of other industrial barons, then and now. He might be the most generous to date. Compare him to the car king, the lightbulb emperor, or subsequent industrial and financial titans. Some have been ok with philanthropy, most do little. Eastman gave away his incredible personal fortune twice!
I'm a fan of Eastman, but all of the biographies that I know of were written by people commissioned by Eastman or his foundation. There might be some embellishment. The industrialists of the 1800's were a pretty mixed bunch. Some of them like Vanderbilt, Duke, Carnegie, Rockefeller & Mellon gave millions. Some of them like Frick an Gould were by all accounts bad people. You have Osgood out in Colorado who founded the town of Redstone and was one of the first to experiment with welfare capitalism or corporatism. J.P. Morgan on one hand invested heavily in Thomas Edison and built companies like General Electric and US Steel, but his personal intervention into preventing the recapitalization of the Bank of the United States (private bank) in 1931 would lead to a series of bank failures and play a major role in the Great Depression.
Rockefeller is one who has always been of interest. People have vilified the man who donated over $500 million (lot of money in the 1800's) to schools and founded or helped to found University of Chicago, Rockefeller University, and Spelman College has his wife's maiden name on it. Donated millions to medical research including the vaccine for Yellow Fever. Rockefeller had political enemies and even though Standard Oil only had a 60% "monopoly" , which is less than many companies like Boeing have today, his company became a target. The irony being that the break-up of Standard Oil actually made him wealthier and the break-up of the company caused the price of oil to rise by 20% the following year making the consumers worse off than they were before. Rockefeller is the creator of the charitable trust model that is still in use today.
Relationship of Philanthropy to the Industrial Revolution | Learning to Give Some of the greatest philanthropy in American history occurs during the Industrial Revolution.
A friend of mine from college is now a history professor and collector of history books. There is a significant amount of historical revisionism that takes place starting in the 1950's. Books written in the 1920's by people who lived through it had a very different view that people who wrote books in the post-WWII era and didn't have first hand experience.