1.) Vanderbilt was the focus of the first episode with bits of Rockefeller and Carnegie. My favorite among the three was Vanderbilt because he was the first person to do business in such a cut throat and original way. Leaving the rest that came after him to learn from him and develop new techniques from what he had already shown them. Now‚ Vanderbilt came from the docks of New York City and he was extremely competitive for it. He earned the name Commodore from his time in the shipping business. That
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Andrew Carnegie & John D. Rockefeller Two of the most well-known and successful companies of the Industrial Revolution were the Standard Oil Company‚ and the Carnegie Steel Company. Both were exceedingly successful in virtually removing all competition in their respective fields of business and controlling almost all of the production capacity of their respective products in the United States. Their founders‚ John D. Rockefeller of the Standard Oil Co.‚ and Andrew Carnegie of the Carnegie Steel
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Cornelius Vanderbilt (Shipping and Railroad Tycoon) Overview On the north side of East 42nd Street‚ at the Park Avenue intersection‚ stands one of New York’s most admired buildings: Grand Central Terminal. Once the capitol of the New York Central Railroad empire‚ it remains the city’s glittering gate for tens of thousands of travelers each day. Over the entrance looms a larger-than-life bronze statue of the man who made it possible‚ Cornelius Vanderbilt. The memorial is fitting‚ even though
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19th Century were "Robber Barron’s". However‚ in this very competitive time period‚ many new businesses were being formed. It took talented businessmen such as Vanderbilt‚ Carnegie‚ and Rockefeller to get ahead and keep the companies running‚ building America into what it is today‚ the most powerful nation in the world. Cornelius Vanderbilt (1794-1877) was a classic Market Entrepreneur‚ succeeding by creating and marketing a superior product at a low cost. He was a key figure in breaking the steamboat
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2/14/13 Cornelius Vanderbilt Cornelius Vanderbilt‚ a man with great power and great wealth. Ever since he turned 11 he was always involved in his father’s businesses. His enormous success was the effect of enormous businesses perhaps one of the most famous stories of rags to riches. From shipping to railroading‚ this millionaire strived in the economy. But‚ what kind of millionaire was he? A Captain of industry? or A Robber Baron? Cornelius’s great fortune arose in when he went into the
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Sarah Phillips Michael Christian Anna Whitney Cornelius Vanderbilt How he acquired his wealth ● Through shrewd competition in the shipping industry when he owned several steamship lines ● Owned many powerful railroads that helped make crosscountry transportation cheaper and more efficient ● First investment was a loan of $100 from his parents when he was 16‚ so he could buy a boat to transport people from Staten Island to Manhattan; repaid the loan and shared $1‚000 of the profit with his parents within a year
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John Pierpont Morgan is considered one of the founding fathers of the modern United States economy. He was an industrial genius that is accredited with the founding of many companies including General Electric and AT&T. However‚ Pierpont is looked upon as a saint and demon the same. He received a honorary degree from Harvard university that read: "Public citizen‚ patron of literature and art‚ prince among merchants‚ who by his skill‚ wisdom and courage‚ has twice in times of stress repelled
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have been insane on the subject of moneymaking all my life." “I don’t care half so much about making money as I do about making my point‚ and coming out ahead” What do I care about law? Ain’t I got the power? Hi‚ I’m Commodore Cornelius Vanderbilt‚ and I was a self-made entrepreneur‚ ‚ a great railroad baron‚ and the wealthiest man in the United States throughout the 19th century. Earlier in my business career‚ I was probably the greatest shipping tycoon in the United States. My estate is
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men to accept this change in the U.S.‚ Andrew Carnegie overcame his humble underpinnings and became the owner of one of the largest steel companies in the nation. Many poor laborers and citizens of limited means did not reap the benefits of the industrial age as a result of poor working and living conditions in this time. Mr. Carnegie wrote the article‚ The Gospel of Wealth‚ in response to the many critics of the Gilded Age. According to Carnegie‚ the Industrial Age of the U.S. was witness to
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enabled men to access wealth. Andrew Carnegie is the perfect example of an entrepreneur and man who built the roots of American infrastructure. He can also lived the ‘perfect’ American dream. He has a typical ‘rags to riches’ story‚ which makes him a historical icon and an admirable man. Carnegie is known to have built a fortune on steel. However‚ the ways in which he made money could be considered an abuse to ethics and moral rights. Toward the end of his life‚ Carnegie decided to use his wealth for the
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