Carnegie and John D. Rockefeller were captains of industries. They helped America become what it is today. They developed company’s and industries that impacted the 20th and the 21st Century in such a way that it changed our ideas of management and supply and demand. Though they may have paid their "help" low wages‚ at the time they thought that it was a fair amount. They provided an outlook of industries that were almost unheard of in that time. Though many might have seen Rockefeller as a ruthless
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AP United States History – Chapter 24 Essay 1. In what ways did the railroad construction between 1865 and1890 transform American society and the American economy? 2. In what ways did American industrialists consolidate their businesses and eliminate competition? How was this business consolidation perceived by the public? 3. In what ways did the American government promote the growth of the American economy in post bellum America? To what extent did they regulate business activity? Between
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signed between Austria and Prussia” (History Magazine n/d‚ “Third Time Lucky”‚ para. 3). As concerns other inventions in the sphere of telegraphy‚ the stock ticker machine was invented in 1867 by Edward Callahan that made stock prices immediately available over the telegraph (National Public Radio‚ 2006). Important developments took place in the chemical industry‚ as various forms of plastic were experimented with. For example‚ John Wesley Hyatt invented celluloid as a substitute for the
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Robber Baron? During the latter part of the nineteenth century‚ industries began to bloom across the United States. Local businesses and merchants gave way to larger corporations and industries. The head of these industries‚ such as the names of Rockefeller‚ Carnegie‚ and J.P. Morgan‚ were looked upon as robber barons by some‚ industrial innovators by others. A baron is "one having great wealth‚ power‚ and influence in a specified sphere of activity: an oil baron." Therefore the robber barons that
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technology and strategized competitively to transform the American economy; these “Captains of Industry‚” such as Andrew Carnegie‚ Cornelius Vanderbilt‚ J Pierpoint Morgan and John D. Rockefeller‚ used their wealth to help their communities and should be honored for their philanthropy. An advocate for these entrepreneurs is John S. Gordon. As a specialist of business and financial history‚ Gordon claims
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unreasonable rates - discriminatory -payment of rebates B. The Trust and Monopoly 1. John D. Rockefeller Justifies Rebates (1909) * Founding Father of the standard oil company * reason of rebates was that such was the railroads method of business * Standard Oil Company provided freights in large quantities and regular traffic for the best transportation 2. Oil Man Goes Bankrupt (1899) *Rockefellers refinery was shut for 3 years because of the standard oil trusts domination * he wanted
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blockbuster films‚ and became the governor of California. * Jay-Z rose to success from a hardscrabble upbringing and was rejected by major labels; however‚ he and two partners founded the independent label Roc-A-Fella Records in 1995. * John D. Rockefeller is America’s first business superstar‚ and that his rise to legendary status came after a poor childhood. Criticisms The idealistic vision of the American dream often disregards discrimination based on a person’s race‚ religion‚ gender and
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industry. A second robber baron of that time was John D. Rockefeller. The robber baron of the oil industry. Rockefeller monopolized the oil industry with Standard Oil Company. When Edwin Drake discovered oil in 1859‚ Rockefeller saw the future. He introduced techniques that completely reshaped the oil industry. He used all of his methods to reduce the price of oil to his consumers. His profits soared and his competitors were crushed one by one. Rockefeller forced
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includes increasing the availability of goods‚ creating more and new jobs‚ and donating money to benefit the well being of the people. Some of them men that were considered to be Captains of Industry" were men like J.P. Morgan‚ Andrew Carnegie‚ John D. Rockefeller. J.P. Morgan was a banker and a American Financier‚ who at the turn of the century‚ was one of the wealthiest men in America. J. P. Morgan backed the Edison Electric Illuminating Company in 1822 which began the great electric utility industry
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Mr. Ramezane Period 4 U.S. History 6 October 2014 Captain of Industry OR Robber Barons? During the post-Civil War period‚ the economy of the United States grew at a rapidly rate. The richest men in the U.S. Andrew Carnegie‚ J.P. Morgan‚ John D. Rockefeller‚ Jay Gould and Cornelius Vanderbilt are the people who helped with industrialization since they made steel‚ banks‚ oil‚ and railroads. Since they donate their money to expand markets‚ provide jobs and establish buildings or companies‚ citizens
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