Who used to dominate the business world of America? The men are called the titans and they had many traits that made them so great. Cornelius Vanderbilt, John B. Rockefeller, Andrew Carnegie, and J.P. Morgan were four of them. The Titans shared many traits, three of which were being future thinkers, being strategic thinkers, and being risk takers and these traits helped them build America into what it is today.
To succeed, the titans had to be strategic. Cornelius Vanderbilt, demonstrating this closed the only railroad into New York City. His goal was to bleed all of the other railroad companies dry. They had no business, and therefore Vanderbilt bought them all out. John B. Rockefeller was also very strategic. He closed two of his refineries, the suppliers of Tom scott’s railroad, and when …show more content…
When Vanderbilt was young, he bought his first ferry boat. His business grew and soon became the one of the largest in the world and the largest in the U.S.. Vanderbilt then sees an opportunity and he sells his entire shipping business to invest in railroads. Not many people had started moving west, but he believed that if there were railroads, America could start westward expansion. This was a risk because even if Vanderbilt built railroads, people may not even wanted to move west because it is all indian territory. Andrew Carnegie is another example of a risk taker. Carnegie wanted to build a steel bridge across the Mississippi river with investors money, but he knew that there is no reward without risk. If the bridge fails, then he would lose his reputation because no one would believe in him for future construction. J.P. Morgan is the third Titan to posses this trait. Morgan saw an opportunity when he first sees the electric light bulb in Thomas Edison’s lab. This is a risk because not everyone would want to invest in lightbulbs, and because everyone was so focused on kerosene, it could be hard for everyone to start using
To succeed, the titans had to be strategic. Cornelius Vanderbilt, demonstrating this closed the only railroad into New York City. His goal was to bleed all of the other railroad companies dry. They had no business, and therefore Vanderbilt bought them all out. John B. Rockefeller was also very strategic. He closed two of his refineries, the suppliers of Tom scott’s railroad, and when …show more content…
When Vanderbilt was young, he bought his first ferry boat. His business grew and soon became the one of the largest in the world and the largest in the U.S.. Vanderbilt then sees an opportunity and he sells his entire shipping business to invest in railroads. Not many people had started moving west, but he believed that if there were railroads, America could start westward expansion. This was a risk because even if Vanderbilt built railroads, people may not even wanted to move west because it is all indian territory. Andrew Carnegie is another example of a risk taker. Carnegie wanted to build a steel bridge across the Mississippi river with investors money, but he knew that there is no reward without risk. If the bridge fails, then he would lose his reputation because no one would believe in him for future construction. J.P. Morgan is the third Titan to posses this trait. Morgan saw an opportunity when he first sees the electric light bulb in Thomas Edison’s lab. This is a risk because not everyone would want to invest in lightbulbs, and because everyone was so focused on kerosene, it could be hard for everyone to start using