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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Father of Industry and True Follower of Kindness There was a simple man from Scottish origin. A man who was a business owner. An employer; an industrialist; a philanthropist. A man as wealthy as royalty. A “captain of industry;” a “Mr. Scott’s Andy.” A man who gave his wealth away for the common good. This man was known as Andrew Carnegie. He aspired to greatness all his life‚ first as a young boy‚ then through his early careers‚ and finally at his prime of being a philanthropist. Andrew Carnegie started
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1. The owner of Carnegie Steel Company‚ Andrew Carnegie‚ pioneered the use of vertical integration. Vertical integration is a system of related businesses in which a parent company owns its suppliers. Back then the railroads needed steel for their rails and cars‚ the navy needed steel for their new naval fleet‚ and the cities needed steel to build their skyscrapers. When Andrew Carnegie saw this demand he took advantage of it. When Carnegie started his steel company he started with a very little
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John Davison Rockefeller (July 8‚ 1839 - May 23‚ 1937) was the guiding force behind the creation and development of the Standard Oil Company‚ which grew to dominate the oil industry and became one of the first big trusts in the United States‚ thus engendering much controversy and opposition regarding its business practices and form of organization. Rockefeller also was one of the first major philanthropists in the U.S.‚ establishing several important foundations and donating a total of $540 million
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Carnegie Drove Steel Home Andrew Carnegie grew up as a son of a weaver craftsman and a mother who went to work to help support the family when the stream weaving loom came to Scotland. Andrew later wrote‚ after seeing my dad begging for work I knew I would be the one to fix it. I determined that Andrew Carnegie was a captain of industry. He was a captain of industry because he‚ helped build the formidable American steel industry‚ supplied jobs to many people who were out of jobs because of the
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and challenging a job can be‚ how well prepared one has to be to make it to the big leads. John D. Rockefeller was more than just a business man‚ he was self-disciplined and ambitious toward his job. And that is what strikes me‚ I’d admire people who do not look at things as a duty‚ if not a task where someone is determined to go higher. Rockefeller was not afraid of taking charges in the oil industry in spite of its worst state it was in‚ he became the richest man of the nation‚ however he never stopped
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Mosqueda Mr. Webb US History 16 September 2013 Andrew Carnegie: Robber Baron or Captain of industry? Andrew Carnegie was both a Robber Baron and a Captain of Industry. Growing up as an immigrant‚ who started with nothing at all‚ he became greedy with his money. He was a big business leader who builds up the community but treated his workers poorly. Carnegie created thousands of jobs for people but did not provide his workers with safety equipment and had
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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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United States. Innovative technology‚ giant corporations‚ and large-scale manufacturing were brought to life. Many men were instrumental in creating this Industrial Revolution. One of the most influential men of the early 1900s was Henry Ford‚ whose life went from rags to riches. There is debate among whether Ford is a robber baron or a captain of industry‚ but for the most part‚ Ford is a captain of industry. Henry Ford was born on July 30‚ 1863‚ in Wayne County‚ Michigan. He was raised in an Episcopalian
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Robber Barons Vs. Captains of Industry In comparison between robber barons and captains of industry‚ most of these people are considered captains of industry. This is because most of the given people all affected the country and the business world positively for reasons that are stated as well as others. Although a couple people are obviously Robber Barons‚ for example Cornelius Vanderbilt‚ most of the rest are obviously captains of industry‚ donating money‚ making money and becoming a key reason
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