preview

Captains Of Industry In The 1800s And Early 1900's

Satisfactory Essays

John D. Rockefeller, Andrew Carnegie, J.P. Morgan, and Cornelius Vanderbilt were wealthy and well known and monopolies in the late 1800s and early 1900s. They are the captains of industry because they all helped the U.S economy with their business, and they also donate a lot of money to different types charities. For example, J.P Morgan and Cornelius Vanderbilt played a huge role in the developing of the railroads, John D. Rockefeller managed around 90% of America's oil industry, and Andrew Carnegie led the huge expansion of the steel industry. Without the railroads, oil, and steel people will not be able to transport things, operated machines and factories, there will be a huge rate of unemployment, and we would have a very poor economy.

Get Access