Rockefeller and Carnegie

Carnegie was the classic rags to riches story, the penniless immigrant who made it big in the land of opportunity. Carnegie was born in Dunfermline, Scotland, and migrated to America in 1848 at the age of 13. His first job was in a cotton mill, earning a measly $1.20

Born in Dunfermline, Scotland, on November 25, 1835, Andrew Carnegie entered the world in poverty. The son of a hand weaver, Carnegie received his only formal education during the short time between his birth and his move to the United States. When steam machinery for weaving came into use, Carnegie’s father sold his looms and household goods, sailing to America with his wife and two sons. At this time, Andrew was twelve, and his brother, Thomas, was five. Arriving into New York on August

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 ran their companies as well. Furthermore, John D. Rockefeller was a Captain of Industry because he built the Standard Oil Company and was a very generous philanthropist. John D. Rockefeller did generate lots of revenue and create many jobs in the United States but it also can be said that he took advantage of the less fortunate by paying them less and buying out competing businesses.

     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 into poverty in Scotland and immigrated to the United States with his family for the prospect of a better life. Although, in the United States, his family still struggled to make ends meet until Carnegie was offered a job at a cotton mill as a bobbin boy, changing spools of thread for 12 hours a day, six days a week for $1.20 per week. He became the primary breadwinner of his family at the age of 12. After years of working

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

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

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.

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.

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

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

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.

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 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

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,