Rockefeller and Carnegie

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 Co. conducted business practices that were different from one another in how they dealt with competition as seen in the undercutting or cheap type

John D. Rockefeller is a captain of industry in my opinion he did a lot for his country, first man to get a monopoly, was nothing became the most powerful man in the country worked hard and clean to get to his position.

Andrew Carnegie was an industrialist and philanthropist. Andrew Carnegie was born in November 25, 1835 in Dunfermline, Scotland. He was the son of a handloom weaver. Andrew’s Carnegie parents decide to move to North

Andrew Carnegie was born in Dunfermline, Scotland in 1835. His father, Will, was a weaver and a follower of Chartism, a popular movement of the British working class that called for the masses to vote and to run for Parliament in order to help improve conditions for workers. The exposure to such political beliefs and his family's poverty made a lasting impression on young Andrew and played a significannot

My Client, Andrew Carnegie, was born in Scotland on November 25, 1835. Due to financial problems his family moved to the United States. He started to work in railroads industry. While working there, he learned about business. By 1889 he owned Carnegie Steel Corporation, the biggest in the world. Andrew Carnegie helped established the challenging American steel industry. He learned the Bessemer process through which steel was made cheaper and quicker. Carnegie turned into a leading power in the industry and an exceptionally affluent man. He did not break any rules. With this money, he established Carnegie Institute of Technology in Pittsburgh (Carnegie-Mellon University). Later, he established the Carnegie Foundation for the Advancement of

Andrew Carnegie and John D. Rockefeller were two of the early industrialists. Both of them were greedy criminals who exploited the country and its workers. Anyone who owned a large business in those days found it was possible to make more money by abusing the workers and competitors. Industrialists abused workers by forcing them to work longer hours for lower pay; they abused competitors by using predatory practices to either drive them out of business or acquire them. A business can do those things easily if it is a monopoly. Since a monopoly is the only supplier in a market, it prevents free market forces from setting prices. Price-fixing is an example: monopolies can keep the price high, because they know the buyer has no choice. In addition, monopolies can supply inferior products (which costs them less), again because the buyer has no alternative. As a result, monopolies have no incentive to improve their products or services, and the high prices cause inflation. This is bad for all consumers, because there will be no innovation. The early industrialists engaged in these monopolistic practices, sometimes in criminal ways, and that was bad for society.

There he met Henry Bessemer, who had developed a special method for converting iron into steel. Carnegie then adopted this technique and applied it to his newly built steel mills in the U.S. Soon Carnegie revolutionized the steel industry by creating a monopoly using his business strategy of vertical integration. Years later he sold the Carnegie Steel Company to J.P. Morgan for $480,000,000, of which Carnegie revived $225,639,000 for his share. The fact that Andrew Carnegie went from being a poor immigrant to one of the world’s most revered and wealthiest business icons, is truly an inspiration for people knowing that you can accomplish anything.

Andrew Carnegie, the “King of Steel”, the benevolent employer, the giant of industry, was among the greatest influences of the second industrial revolution. It is sometimes questioned whether Carnegie was the ruthless, sneaky steel tyrant some made him out to be, or the generous, benevolent education benefactor he appeared to be. I believe him to be a combination of both, but more so the great giant of industry.

Andrew Carnegie, a Gilded Age industrialist, was a captain of industry, because he expanded the American steel industry through hard work, becoming one of the richest people in history, and then donated about 90% of his fortune in an attempt to improve society.

Andrew Carnegie was born on November 25, 1835, in Dunfermline, Scotland a town that sustained itself with its linen weaving industry. Andrew Carnegie was the founder of the "Age of Steel", for example, "From his companies emerged the steel to build the infrastructure (railroads, bridges, automobiles, ships ...) that would build a nation. He was a major catalyst in the transformation into the

Charming. Generous. And brutal. Andrew Carnegie came as a dirt-poor child from Scotland and, nevertheless, by his forties, was one of the richest men in the world. He had built an empire in steel, although he sold it away to J.P. Morgan for close to a half a million dollars.

Carnegie was very poor during his childhood, and this will cause him to try a variety of jobs that inevitably led to his steel empire. “Andrew Carnegie was born November 25, 1835 in Dunfermline, Scotland. His father, William Carnegie, a prosperous handloom weaver at the time of Andrew’s birth, was unable to compete with the new technology of steam loomers and fell into poverty as Andrew grew older,” (UXL biographies). In 1848, Andrew and his family immigrated to Allegheny City, Pennsylvania, and Andrew got a job at a

     True, Andrew Carnegie and John D Rockefeller may have been the most influential businessmen of the 19th century, but was the way they conducted business proper? To fully answer this question, we must look at the following: First understand how Andrew Carnegie and John D. Rockefeller changed the market of their industries. Second, look at the similarities and differences in how both men achieved domination. Third and lastly, Look at how both men treated their workers and customers in order achieve the most possible profit for their company.

Andrew Carnegie was born on November 25th, 1835 in Dunfermline, Scotland. His father was a hand loom weaver and Chartist. Carnegie believed in the importance of birthplace. “I was supremely so in

William Carnegie was basically a hand-loom weaver, but with the advent of water-powered looms, he failed to make ends meet and the family emigrated to America in 1848, settling in Allegheny, Pennsylvania. They were hardworking honest people with noble qualities. Carnegie writes: “The mother, nurse, cook, governess, teacher, saint, all in one; the father, exemplar, guide, counselor, and friend! Thus were my brother and I brought up. What has the child of millionaire or nobleman that counts compared to such a heritage?” . He was much influenced by his grandfather, Andrew Carnegie, after whom he was named. In his autobiography, Carnegie writes that he owes his optimistic nature, his ability to shed trouble and laugh through life to his paternal grandfather . His maternal grandfather was Thomas Morrison, a great orator and politician. Carnegie inherited his maternal grandfather's manners, gestures and appearance . Andrew Carnegie left for America with his family at the age of thirteen with very little formal schooling to support him. Their move was supported by his mother's extended family and early Scottish emigrants who had already settled in America. Carnegie's family anchored in Allegheny where they already had some relatives who had moved, now known as Pittsburgh,