Preview

The Steel Industry: Carnegie Vs. Rockefeller

Good Essays
Open Document
Open Document
853 Words
Grammar
Grammar
Plagiarism
Plagiarism
Writing
Writing
Score
Score
The Steel Industry: Carnegie Vs. Rockefeller
In the early 1900s, businesses were thriving and the competition to be the wealthiest was through the roof. Andrew Carnegie and John Rockefeller were two of the most important men in America. Carnegie was the leader of the Steel industry and Rockefeller was the leader of the oil. These two men despised the idea of the other. Carnegie always wanted to be the wealthiest and was always thinking of new ways to be wealthier than Rockefeller. Carnegie came to a point in his career where he would have to come to a decision on what type of business he would run. It depended on if he could become the dirty type of business man. Carnegie decided to hire a man named Henry Frick, and together, these men would make profits and reach goals Carnegie thought unimaginable. Through fierce competition, these three men shaped the future of American business.
Throughout the history of these three men, you can see that Carnegie was always battling Rockefeller to be at the top. Frick, another very wealthy man, helped Carnegie to better his prophets. Frick and Carnegie was two different type of men, Frick was dirty, wealthy, and conniving. While Carnegie was
…show more content…
Rockefeller and his oil, Carnegie and his steel industry, and Frick being the devious businessman he was, America would not be where it is today without the help of these men. Rockefeller was at the top and Carnegie was in second always fighting for that top spot, his partner Frick, was devious and made things how he wanted despite the people he hurt. The widening of the dam, the thousands of people killed, the Homestead steel factory strike, and the Sportsmens club, are events that Henry Frick had a huge part in. Carnegie attempts to fix his name, but the efforts do not work. He was still behind Rockefeller in wealth, and was blamed for the deaths in Johnstown, and died with the blame. These three men had a part in building

You May Also Find These Documents Helpful

  • Good Essays

    It didn't take long either Henry with an entrepreneurial spirit became the largest producer of coke from coal. By the time he was thirty he was already a millionaire and this caught the eye of another important Pittsburgh industrialist Andrew Carnegie. Carnegie looked at Frick, as a man that could really help him out since coke was a key ingredient in the making of steel. This led to Carnegie bringing Frick into his company Carnegie Brothers and Company, and this assured him of having a constant supply of coke. After joining up with Carnegie, Frick took and reorganized the world's largest coke and steel company. But Henry Clay Frick and Andrew Carnegie were both aggressive business competitors. The end was near for their partnership because of the twos' aggressive nature. One of the major problems between Frick and Carnegie began with the 1892 labor strike at the Homestead Works, which was part of Carnegie's Steel Company. It started because Carnegie wanted to eliminate the unions in his mills, but Frick supported actions that setback the labor movement for decades. The Homestead Works strike didn't look good for Carnegie because of the death and violence, which had happened, and he tried to avoid any connections with him. The two kept disputing…

    • 961 Words
    • 4 Pages
    Good Essays
  • Good Essays

    Andrew Carnegie believed in applying survival of the fittest to business, while J.P. Morgan established a community of interest among the larger corporations. (M.A.P.A.H.) Although their beliefs were different, the end goal was the same, to essentially battle over the monopoly of steel. In 1890, Carnegie dominated the steel industry, this troubled Morgan, so he bought Carnegie out for $480 million. (M.A.P.A.H.) Morgan gathered together United States Steel, which was an amalgamation of 180 independent businesses. This business, US Steel, was capitalized at $1 billion dollars! Morgan demolished Carnegie’s steel company by owning or regulating 65 iron ore mines [ 1906, Lake Superior ], over 700 steel and iron works, 1,100 miles of railroad…

    • 189 Words
    • 1 Page
    Good Essays
  • Good Essays

    The industrialists were captains of industry because they Put in time and effort into making the economy stronger and bigger. Captains of industry are considered people who are very high on the social chain. Carnegie & Rockefeller were both considered captains of industry rather than robber barons because they did more good rather than bad. These people benefited society and helped created better or stronger ideas that helped businesses or helped save lives. These industrialists weren’t considered robber barons because they weren’t harming the environment, society and they weren’t robbing people of their innocence and freedom, they were helping people live better lives.…

    • 424 Words
    • 2 Pages
    Good Essays
  • Powerful Essays

    According to some business historians, "business leaders were not predatory money seekers. Indeed, in many cases they were talented individuals whose creative contributions to the economy - and to American society as a whole - were very great." Allan Nelvins said that "it was true that Rockefeller used methods that were of dubious moral character. On the other hand the kind of monopoly control attained by Standard Oil was a natural response to the anarchical cutthroat competition of the period and reflected the trend in all industrial nations toward consolidation. To Nelvins Rockefeller was not a robber baron; he was a great innovator who imposed upon American industry 'a more rational and efficient pattern.' Rockefeller's objective was not merely the accumulation of wealth; he and others like him were motivated by 'competitive achievement, self-expression, and the imposition of their wills on a given environment'" (The American Businessman: Industrial Innovator or Robber Baron, pg. 34). These men came into a disorganized economy and created organizations that played a vital role in making American the greatest industrial power in the world. If it were not for the advancements in steel, oil, textiles, chemicals, electricity, and automotive vehicles, our nation would not be where it stands…

    • 1559 Words
    • 7 Pages
    Powerful Essays
  • Good Essays

    of the time were John D. Rockefeller, Andrew Carnegie, and J.P. Morgan. The definition of a…

    • 600 Words
    • 1 Page
    Good Essays
  • Good Essays

    Andrew Carnegie was a very successful businessman. He was an idealist and one of the most important philanthropists of his time. He started Pittsburg’s Carnegie Steel Company, which he later joined with Elhert H. Gary’s federal steel company and several smaller companies to create U.S. Steel. The wealth from his success abled him to build foundations and institutions like Carnegie Hall. After his huge role in the steel business he spent most of the rest of his life as a philanthropist.…

    • 935 Words
    • 4 Pages
    Good Essays
  • Good Essays

    He created a stronger type of steel that was not only the most effective, but the most efficient as well. Andrew Carnegie also had a strategy of his own. He believed that the only way to become a great businessman was to control monopolies and control the step of the process in materials. Carnegie definitely had a different side to him. He was a cruel businessman to his workers and a very kind philanthropist. He would poorly pay his workers, as well as leave them poorly housed. Carnegie was really never close to his workers and the wages that they had were very low compared to other steel industries. Nevertheless, he believed that "the man who dies rich, dies disgraced and a rich man should use his money for the benefit of others" (Youngs 33.) In Carnegies older years, he devoted himself entirely to his philanthropist's beliefs' after he sold his business. Carnegie built libraries around the world, but focused especially on the United States. He opened up galleries, museums, music halls, and technical schools. He also encouraged research and higher learning to others. Carnegie also established a donation to permanently seek an end to war. His donations totaled about 350 million…

    • 472 Words
    • 2 Pages
    Good Essays
  • Satisfactory Essays

    “You cannot push anyone up a ladder unless he is willing to climb a little”. Andrew Carnegie was believed to be a captain of industries. Carnegie grew up to be the wealthiest business men in America. Andrew Carnegie is and always will be a captain of industry.…

    • 252 Words
    • 2 Pages
    Satisfactory Essays
  • Better Essays

    In the 1880’s, American industry grew due to many factors including “the emergence of a talented and often ruthless group of entrepreneurs” (Brinkley 396). According to those in favor of these entrepreneurs, these men worked hard, innovated 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…

    • 1182 Words
    • 5 Pages
    Better Essays
  • Good Essays

    Business is a fascinating topic to research and no one is more fascinating that John D. Rockefeller. This paper answers the age old question of any successful businessman: where did he get his start? I will answer that question with a paper about John D. Rockefeller’s early life. It will also explain how he became one of the first great business leaders for America and some of the major influences in his life and what he did after he…

    • 765 Words
    • 4 Pages
    Good Essays
  • Satisfactory Essays

    J.P. Morgan: the banker who bought the Carnegie steel empire which became the core of the United States Steel Company.…

    • 347 Words
    • 2 Pages
    Satisfactory Essays
  • Satisfactory Essays

    Andrew CARNEGIE

    • 483 Words
    • 2 Pages

    Andrew Carnegie was a social Darwinist who believed that only the fittest would survive. While his workers were striking he began making plans with his manager Frick to do his dirty work. He lowered his workers wages and kicked them all out of his mills. The strikes lead to a gun war,…

    • 483 Words
    • 2 Pages
    Satisfactory Essays
  • Good Essays

    These men are Captains of Industry, because they have helped our society by donating lots of their money to different charities and organizations. For Carnegie, he has,“Donated more than $350 million to further public education, build over 2,500 libraries.” (Website) Now that people can get a better education, they can get a better job and then support their family. Plus, poor people can check out books and get a free education, because there are more libraries. That way, they can get a job, support their families, and not be as poor. Carnegie also, “Created the Carnegie Corporation of New York, endowing it with $125 million to support benefactions after his death.” This means that people can now have extra money to be given to organizations…

    • 447 Words
    • 2 Pages
    Good Essays
  • Good Essays

    3. As a reporter covering the strike at the Homestead Mill, I would say that Frick and Carnegie are Robber Barons. Although they claim to be Captains of Industry, creating jobs and invigorating the economy, they take and take and take. Carnegie and Frick eliminate all…

    • 646 Words
    • 3 Pages
    Good Essays
  • Satisfactory Essays

    Frick tried to take over while Carnegie had no clue. Carnegie fired a trick and he…

    • 379 Words
    • 2 Pages
    Satisfactory Essays

Related Topics