By 1899 The Carnegie Steel Company dominated the American Steel Industry, with the steel came the expansion of the railroad: at the forefront was Cornelius Vanderbilt whose main goal eventually became to monopolize the railroad system. Soon after came the rise of John D. Rockefeller Jr., whose fortune was beginning to grow with the creation of an oil refinery. It was the agreement that Rockefeller would fill Vanderbilt's trains with oil that required him to monopolize the petroleum industry, but had he not done so it’s relationship with the railroad would not have been the same.
Cornelius Vanderbilt, aka The Commodore; known for the mass expansion of the railroad system found himself in a tight situation when he was outsmarted by two men, Jay …show more content…
Access to light meant longer work hours which means more business. Vanderbilt knew that kerosene demand would mean that oil refineries would need a new way to ship their product, and saw an opportunity to corner the market. In his search for a supplier, Vanderbilt came across an oil refinery in Ohio near the tracks perfect for his plans. The owner of that refinery, John D. Rockefeller, a young a struggling oil man yet an entrepreneur from a young age. He always found a way to make it by. Vanderbilt invited Rockefeller to New York to discuss a potential business negotiation. When time to make his train, he was late, missing the train that later that train crashed when it flew off the railroad tracks. A profound religious man, as proven by his words once said, “There is nothing in this world that can compare with the Christian fellowship; nothing that can satisfy but Christ,” believed that God had saved his life; Rockefeller re-approached Vanderbilt with a new mindset with the idea that God had plans of great success for him. It was with his new approach that Rockefeller got a deal with Vanderbilt promising to provide 60 train cars of oil a day- more than half of his capacity- a risk Rockefeller believed was worth …show more content…
"I cheat my boys every chance I get..... I want to make 'em sharp," said Rockefeller; it seems as though this approach succeeded with his oldest son, John D. Rockefeller Jr., who grew up to be sharp enough to peddle candy to his classmates as a young boy, and then be hired as an assistant bookkeeper at the budding age of 16. Rockefeller was very proud of his own son, who succeeded him in the family business. At the end of his life, Rockefeller referred not to his millions but to John D., Jr., as "my greatest
Cornelius Vanderbilt, aka The Commodore; known for the mass expansion of the railroad system found himself in a tight situation when he was outsmarted by two men, Jay …show more content…
Access to light meant longer work hours which means more business. Vanderbilt knew that kerosene demand would mean that oil refineries would need a new way to ship their product, and saw an opportunity to corner the market. In his search for a supplier, Vanderbilt came across an oil refinery in Ohio near the tracks perfect for his plans. The owner of that refinery, John D. Rockefeller, a young a struggling oil man yet an entrepreneur from a young age. He always found a way to make it by. Vanderbilt invited Rockefeller to New York to discuss a potential business negotiation. When time to make his train, he was late, missing the train that later that train crashed when it flew off the railroad tracks. A profound religious man, as proven by his words once said, “There is nothing in this world that can compare with the Christian fellowship; nothing that can satisfy but Christ,” believed that God had saved his life; Rockefeller re-approached Vanderbilt with a new mindset with the idea that God had plans of great success for him. It was with his new approach that Rockefeller got a deal with Vanderbilt promising to provide 60 train cars of oil a day- more than half of his capacity- a risk Rockefeller believed was worth …show more content…
"I cheat my boys every chance I get..... I want to make 'em sharp," said Rockefeller; it seems as though this approach succeeded with his oldest son, John D. Rockefeller Jr., who grew up to be sharp enough to peddle candy to his classmates as a young boy, and then be hired as an assistant bookkeeper at the budding age of 16. Rockefeller was very proud of his own son, who succeeded him in the family business. At the end of his life, Rockefeller referred not to his millions but to John D., Jr., as "my greatest