from the ground up like Rockefeller and Carnegie. J.P. Morgan went to Thomas Edison to find the answer. The answer being electricity. Morgan saw that potential that electricity and the lightbulb possessed and was determined to become the one who lights America, but Rockefeller knew that kerosene would go out of business and tried to stop it. All while Andrew Carnegie was reconstructing his steel business from its problems. In the end Morgan started General Electric, Rockefeller started…
John D. Rockefeller, the episode talked about how they changed America and made the "American Dream." The show talks about how Cornelius Vanderbilt made transportation easier, by expanding,owning, and controlling the railroads of the U.S, and how John D. Rockefeller had the oil to fuel the trains, and even give people light. Cornelius Vanderbilt was the owner of most of the railroads of America, at the time, and he needed someone to provide oil for all his trains. John D. Rockefeller was a…
The powerful Industrialists of the gilded age are often negatively connotated, due to the deceptive behavior and questionable activities that they are known to have partaken in. Four notable men of this standing were John D. Rockefeller, monopolizer of the oil industry, Andrew Carnegie, in the steel industry, J.P. Morgan, a financier and banker, and Cornelius Vanderbilt, who was wealthy and powerful in the railroad industry and built the Transcontinental railroad. Although they were in many ways…
leaders who managed to earn their money not by how hard they worked but by their dishonest methods. One of the robber barons that were the most recognized was John D. Rockefeller. John Davidson Rockefeller was a business magnate and philanthropist born July 8th, 1839 in Richford, New York. To start with, one of the reasons Rockefeller was a robber…
Born into poverty to living in fame and fortune Andrew Carnegie pushed through it all. Andrew Carnegie was born in Scotland, but when he was only 13 he had moved to Pennsylvania, then was introduced to the railroad and oil industries. He is most famous for his steel industry which led him to fame and fortune. Through hard times as a child to growing his fortune from the steel industry Andrew Carnegie became one of the richest men on the planet. Andrew Carnegie was born on November 25, 1835, He…
Andrew Carnegie is a philanthropist of his time, and helped shape America for the better. Although I believe this to be true, it is not a statement made without appraisal or periods of ambivalence. In researching the world’s richest man, it’s easy to see him as the good guy in his youth, as a young man, and eventually in his retirement. It was during his industrial revolution where Carnegie seemed to be beside himself as a robber baron. Still holding his core beliefs and values throughout his…
During the 1870-1900 the major companies such as Standard Oil, and other dominating companies, had control over almost everything that happened in those days. This era came to be known as the Gilded Age, during this time the businesses grow and monopolized industry while the common man was struggling to support his family with the little pay they received. These dominating businesses wiped out the competition by lowering their prices so low that it would bankrupt any competition. Meanwhile the…
My entrepreneur was a great man who only wanted to serve the citizens of America….and make money. His name was Eli Lilly and still today his good name lives on not only through his family, but also through his company. He was born on July 8, 1838 in Baltimore, Maryland and died on June 6, 1898 in Indianapolis, Indiana. His childhood was like any other, he was the son of Gustavus and Esther Lilly. His family was from Swedish decent, they moved to the low country of France. His grandparents…
Andrew Carnegie “Gospel of Wealth” Andrew Carnegie didn’t always take part in a wealthy lifestyle; instead his life was a “rags to riches story.” He grew up poor, but made his fortune through steel production. Having been in tough situations growing up, Carnegie gave money to numerous public projects including churches, hospitals, parks and libraries. In addition to his many accomplishments and p h i l a n t h r o p i e s , h e a l s o w r o t e t h e n o v e l , T h e G o s p e l o f W e a l t…
Vanderbilt, Hill, The Scrantons, Shwab, and Rockefeller are what were believed to be “Robber Barons”. This was a phrase given to entrepreneurs by society because they believed that they were only out for themselves. Many believed that they were political entrepreneurs who's only worry in life was to make money, when in fact they wanted the exact opposite. In the book Myth of the Robber Baron, Burton Folsom tells the story of how these men who were thought to be out for themselves helped to shape…