The Age of Big Business: A Chronicle of the Captains of Industry

"The Age of Big Business: A Chronicle of the Captains of Industry" by Burton J. Hendrick is a historical account written in the early 20th century. The book explores the significant economic transformation in the United States after the Civil War, focusing on the rise of large-scale industries and the influential figures, or "captains of industry," who shaped modern capitalism. The opening of the book sets the stage for this exploration by reflecting on the state of America in 1865, immediately following the Civil War. Hendrick paints a picture of a nation that, at the time, lacked many modern conveniences and industrial structures, such as railroads and electric lighting. He discusses how the economic landscape was primarily characterized by small-scale production and competition rather than the monopolistic trusts that would come to define American industry. The narrative foregrounds the remarkable changes that occurred in the subsequent fifty years, emphasizing the vast resources available in the United States and the entrepreneurial spirit that would eventually lead to the establishment of powerful corporations like Standard Oil and U.S. Steel. (This is an automatically generated summary.)

Burton Jesse Hendrick, born in New Haven, Connecticut, was an American author. While attending Yale University, Hendrick was editor of both The Yale Courant and The Yale Literary Magazine. He received his BA in 1895 and his master's in 1897 from Yale. After completing his degree work, Hendrick became editor of the New Haven Morning News. In 1905, after writing for The New York Evening Post and The New York Sun, Hendrick left newspapers and became a "muckraker" writing for McClure's Magazine. His "The Story of Life-Insurance" exposé appeared in McClure's in 1906. Following his career at McClure's, Hendrick went to work in 1913 at Walter Hines Page's World's Work magazine as an associate editor. In 1919, Hendrick began writing biographies, when he was the ghostwriter of Ambassador Morgenthau's Story for Henry Morgenthau, Sr.