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TeachMeFinance.com - explain Captain of Industry historic definition... 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. About the author Mark McCracken Author: Mark McCracken is a corporate trainer and author living in Higashi Osaka, Japan. He is the author of thousands of online articles as well as the Business English textbook, "25 Business Skills in English". Copyright © 2007 by Mark McCracken, All Rights Reserved. TeachMeFinance.com is an informational website, and should not be used as a substitute for professional financial or legal advice. TeachMeFinance.com and its owner recommend consultation with a professional financial advisor prior to any investment or financial decision. Please read our disclaimer.