Oil Industry: John D. Rockefeller And Ellen Degeneres

From the years 1870-1937 John D. Rockefeller was a Captain of Industry and truly was an example of the idyllic American dream. He by his success as a Captain of Industry also set a precedent from then on about the way that other Captains of Industries made their wealth and

In the late 1800’s America’s industry was on the rise, in this completely new era many factories were born and introduced to the American people. Many people also had to help build railways as well as many other ways to help transport or make goods, this would help build industrial America. But many people would face crucial conditions working in factory, it was unsafe for many people, even some young children who had to work faced a lot of injuries. Not only this, but many people would be out of work because the factories were taking over the work force. One of the most successful people in this time period was John D. Rockefeller, he owned 90% of refineries in America, he made his living by selling, transporting, and refining oil.

Throughout the developing stages of the United states, many people played very key parts in their way of dealing with industrialization and helping our country grow. Andrew Carnegie is the man known for taking over the steel industry. Carnegie had done his research and planning to try to take over the steel industry. Rockefeller is another big name that will be remembered as the man who took over the oil industry. Rockefeller was a man of his patience and wisdom to force his competition out of business instead of taking over. Now, Rockefeller and Carnegie are two names that sit a top of a fence. Robber Barons on one side and Captains of Industry on the other.

Howard Hughes and Preston Tucker both are entrepreneurs, but they both were led down different paths. One became a millionaire while the other went bankrupt. Unlike Howard Hughes, Preston Tucker did not become rich or have a legacy, instead Preston Tucker lost his factory due to all the stocks plummeting because of bad publicity and lawsuits. He also had to sell the remaining cars he had made to finance himself out of bankruptcy. Preston Tucker was an entrepreneur that had an idea that could have made millions, but he had failed because of his ethics and business skill. He promoted a car made from junk parts, could barely operate, and had malfunctions without telling people investing in his stock the truth which had really led to the lawsuit

DBQ#7 During the post Civil War period many capitalists took over and ramped up industry. There were also individuals who took industries and monopolized them. Many historians who look back at these capitalists who shaped the post Civil War industry argue about whether they should be viewed as captains of industry who developed large industry, or as robber barons who used industry and monopolies to achieve wealth and take advantage of the working class. This essay will show why they were captains of industry.

     Let us first look at Mr. Andrew Carnegie. Carnegie was a mogul in the steel industry. Carnegie

Andrew Carnegie, John D. Rockefeller, Cornelius Vanderbilt, and J.P. Morgan all have something in common they’re well known for being wealthy businessmen in the late 19th century. Robber Barons and Captain of Industry are mostly known from the Gilded Age. Mark Twain called the late 19th century the “Gilded Age” because he was referring to this period being glittering on the surface but corrupt underneath (Overview of the Gilded Age, Digital History). Most of the businessmen during this day in time just wanted to help themselves and their businesses, which you could compare to today. However, these historical figures established a foundation for industrial advances, business development and technological advances in America today.

George Eastman and John D. Rockefeller were both captains of industry due to being philanthropists and innovators. George Eastman was an innovator by reinventing how people can take pictures. Before Eastman recreated the camera it was expensive, timely, and very bulky. Only rich people could afford camera equimpment and it was hard to bring anywhere because of how heavy it was. After Eastman’s new camera came out almost everyone could afford one, it was lighter, and much faster. More companies started to get into the camera business and more people became interested in photography. John Rockefeller was an innovator because he made oil a more usable resource. For example oil could now be used for cars and other machines instead of coal, because of this whales stopped getting hunted for whale oil.

Near the last decades of the 19th century, America’s industrial economy skyrocketed. As these industrial leaders like Carnegie and Rockefeller not only lead the expansion through their respective industries, but revolutionized businesses while crushing free-market competition in the process. As

Like any other “Robber Baron” during the late 1800’s, J.P. Morgan was no different. He controlled finance and industrial consolidation and was well-known for being a banker. Credited for being one of the few to shape the U.S., Morgan did have a lust of power and greed, but that doesn’t

Debating the Documents Interpreting Alternative Viewpoints in Primary Source Documents Monster Monopolist or Marketplace Hero? John D. Rockefeller and his Standard Oil Company were widely admired and just as widely despised. Rockefeller: ©2006 MindSparks, a division of Social Studies School Service 10200 Jefferson Blvd., P.O. Box 802 Culver City, CA 90232 United States of America

During the late 19th century, the industrial leaders were either characterized as “robber barons” or “industrial statesmen”. The extent of this classification comes with the power of how they use their leadership to better improve the economy of the United States. Although both groups impacted the United States industrial economy, “robber barons” had the advantage because they applied their technique to innovate American history. Robber Barons gave lower wages, built monopolies, provided poor working conditions for the employees and didn’t offer any working benefits. Industrial Statesmen helped improve the economy, gave jobs, and donated money to charity. Both the Industrial Statesmen and Robber Barons maintain a higher economic status, along

In the late 1800s, manufacturing became a large part of American lives. This era affected the way that the Americans used to live, the standard of living for many people in the United States improved and increased wealth. “During this time, pioneering agricultural innovators created simple machines that made farming

Industrializing America was the quarter stone that ultimately transitioned this developing nation into a dominating power. The resources and demand for expansion sent a worldwide calling to any and to all who wished to advance themselves in this new world, where opportunities were endless. Indeed many responded to the call, such as the Carnegie family, of which was seeking rebirth to stabilize themselves after losing everything. Fortunately the Carnegies had made the right decision and from that an unexpected industrial giant was soon to emerge. As we know, Andrew Carnegie was amongst the elite, an entrepreneur, a business genius, a revolutionary due to his refinement of steel production and statistically inclined mind. He started from the ground and fought himself to the top of America’s social economic class, as described in Harold C. Livesay, Andrew Carnegie and the Rise of Big Business. As Livesay states “he created that industrial colossus” (pg. vii), and I acknowledge that prominent feature that Carnegie brought to the industrialization, however, there are inconsistencies that leaves the reader uncertain about the stated information.

Nineteenth century’s famous industrial men: Robber Barons or Captains of Industry? By: Justine Wetten Advanced U.S. History Mr. Unis January 5th, 2015