been questioning how honest the fortunes of these leaders were. They questioned the tactics of Rockefeller‚ Morgan‚ and Carnegie. The main question that arose was whether to classify these men as “robber barons” or “industrial statesmen”. By looking at the achievements of these men it appears that not only were they entrepreneurs‚ but they were also generous to the community and the common good. Rockefeller gave millions of dollars to various missionaries‚ education boards‚ universities‚ and foundation
Premium Monopoly John D. Rockefeller Vertical integration
ABSTRACT Political management of the extraterrestrial (ET) presence on Earth has evolved during the course of the successive US Presidential administrations that had to deal with the policy issues that arose once irrefutable proof of such a presence was brought to the attention of policy makers. This evolution of responses by Presidential administrations can be broken into five historic phases which demonstrate a gradual erosion of Presidential/executive oversight‚ and the growing autonomy/independence
Premium Policy President of the United States Dwight D. Eisenhower
industries‚ and used trusts to control many industries. Big corporations ran almost all parts of their individual industries. For example‚ Rockefeller controlled most of the oil industry through trusts. People saw leaders such as Rockefeller as “robber barons‚” because their wealth was at the expense of hard working laborers who gained little in return. Additionally‚ Rockefeller established trusts‚ which unified control of other oil companies under one group of people. Trusts incorporated control of many companies
Premium Industrial Revolution Standard Oil Laborer
Before his twentieth birthday‚ John asked for a one thousand dollar loan from his father to start his own business. Of course‚ at the prevailing interest rate‚ and payable on demand. With this money‚ John Rockefeller‚ along with a neighbor Maurice Clark‚ started Clark & Rockefeller; commission merchants in grain‚ hay‚ meats‚ and miscellaneous goods. Business for the first year was good‚ bringing in a $450‚000 gross with profits of $4‚400. Continuing the commodity business‚ profits were $17‚000 the
Premium John D. Rockefeller Standard Oil Rockefeller family
because men like Carnegie‚ Rockefeller‚ and Morgan‚ were able to control a majority of the market and thus‚ controlled the system of wealth to the classes establishing an unequal distribution of corporate power and a gap in the class
Premium Capitalism Economics
American Industry (1860-1900) I. Industrialization by the 1860s II. The Industrial Transformation A. Contribution of the Civil War B. Population Resources C. Money Capital D. Government Support E. Growth of Technology F. The Railroads & Telegraph III. The Rise of Big Business Industrialization by the 1860s In 1860 there were more than 140‚000 factories in the United
Premium Rail transport Industry
were accomplished by John D. Rockefeller by consolidating refining operations in Cleveland and paying attention to cost-cutting details driving down the cost of producing usable commodities. While Rockefeller utilized Carnegie’s practice of vertical integration‚ he was also successful in horizontal integration. This lead to him taking over other oil companies or working with them to control the competition‚ lower the cost of petroleum‚ and increasing his profits. Rockefeller focused on limiting competition
Premium Industrial Revolution United Kingdom Europe
1. Reconstruction; Reconstruction refers to the period after the civil war. It was during this time that America was beginning to clean up from the war and rebuild the country. The north and south were finally coming back together‚ and that brought great changes to America. The ways of living before were different compared to what they were during and after the reconstruction. New laws and acts were being set in place to prevent another war from breaking out again and to maintain peace and justice
Premium American Civil War Southern United States Reconstruction era of the United States
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
Free John D. Rockefeller Rockefeller family Standard Oil
Xavier Johnson AMH 2010 03C Professor Amy Rieger 4/24/14 Florida History Project Henry M. Flagler’s name may have gotten less acknowledgement than the man of the Standard Oil business‚ John D. Rockefeller‚ but even with the lack of recognition Flagler’s power was just as strong in the oil industry in the 1870s and 1880s‚. Though Flagler was born in Hopewell‚ New York‚ in 1830 he left a lasting mark on the state of Florida and his influence easily reached the 20th century. Flagler’s greatest
Premium United States John D. Rockefeller United States Declaration of Independence