TeachMeFinance.com - explain Captain of Industry
Captain of Industry -- This title, while not new, was brought
into general use by a luncheon in New York arranged in honor
of Prince Henry of Prussia when he visited the United
States in 1902 and which was attended by men at the head of
or who by their genius, means or otherwise were responsible,
in whole or in part, for the creation and development of important
industries in the United States. John Pierpont Morgan,
a leading financier, presided at the luncheon and the men
who attended it were designated Captains of Industry.
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