The Entrepreneurial Spirit Of Business As The Scranton Family Essay

In contrast to John R. Booth, we now look at the work and personality of Frederick Weyerhaeuser respectively. Weyerhaeuser had been 18 when he moved to America from Germany in 1852. He settled in Erie County, Pennsylvania after he landed in America with his mother and sister. He got his first job at a brewery and then later at a farm. He moved to the Rocky Island where he got the job of night fireman at a sawmill. He got his first breakthrough here when he was appointed the position of manager when the owners opened a new lumber yard. In 1860, Weyerhaeuser formed a partnership with his wife’s brother-in-law, Frank C. A. Denkmann. Weyerhaeuser acquired a sawmill situated on land along the Mississippi River. Weyerhaeuser and his partner took on sixteen other partners to form the Mississippi River Logging Company and by 1870 he was elected president of this company. Weyerhaeuser saw the prospect of lumber companies in the West and opened the Weyerhaeuser Timber Company which had its headquarters in Tacoma, Washington. Weyerhaeuser had more of a participative managerial style and his business prospered through his many partnerships with his fellow businessmen. He was head of the

Of all the out-of-state businessmen who invested in Minnesota’s iron mines, Henry W. Oliver was the most influential. Oliver was rich, but he wasn't rich enough to pay

Carnegie and Frick represented the corporations looking to take advantage of the poor that were unable to empathize with ordinary citizen. However, surprisingly, the author reveals that both Carnegie and Frick came from humble backgrounds. Considering their mass exploitation of the immigrant worker and their ruthless fights against any form of workers union, they had to struggle to reach their goals. However, their own life experiences gave them no sympathy towards their fellow man, which is a blatant example of the ugly side of capitalism that Finn has described (1). The Homestead mill was the product of Carnegie’s first success in the steel mill business. It quickly became the most famous steel mill in America. It was famous for producing the steel used for America’s first skyscrapers and suspension bridges. However, the conditions were abysmal. It was reported that workers slept in the alleys behind the mills, and that there was no sewage system. Instead, trenches were used that would stagnate in the rain. These terrible conditions came on top of a job that paid 14 cents an

Although company towns were most closely associated with the coal mining industry it should be noted that they existed in a number of other industries. For example, Homestead, Pennsylvania was a company town situated next to the Homestead Steel Mill. Similarly, Pullman, Illinois was a company town for workers employed at the factory that produced Pullman railroad cars. Because of large and persistent labor struggles associated with the coal industry the focus of interest, both historical and scholarly, has been on coal company

James J. Hill was a railroad magnate that was born in Canada and later moved to Minnesota where he started his profession. It started when he bought a bankrupt railroad and made it new again. He made railroads all around Minnesota. He became the only working railroad company in Minnesota. Which is why he got into a monopoly. After that, he entered the coal business and five years later it expanded tremendously.

Constructing the first transcontinental railroad in the United States of America was arguably our country's crowning achievement for engineering ingenuity and determination in the 19th century. The railroad was a herculean of a task that required extensive proper prior planning, muscle, blood and tears that has rarely ever been seen before or to this day. In addition to the brains behind the operation and the labor force that drove this project to completion, the railroad companies (Central Pacific and Union Pacific R.R.) responsible wouldn’t have even gotten beyond the first mile without the political representatives that lobbied on their behalf in front of Congress. The man by the name Judah was the sole individual that garnered government backing behind Central Pacific.

At first steel was only used to make knives, swords and armor. However, from 1875 to 1920 the manufacturing of steel rose from 380,000 tons to 60 million tons to build railroad tracks, bridges, office buildings and factories. This large production of steel created many jobs in America and changed the lives of many Americans. However, the demand of steel rose from a plant manager in Homestead, Pennsylvania which created tensions between the steel workers and the plant owner. This tension between the steel workers and the plant owner started the Homestead Strike of 1892. At first some steel workers were shut out of the factory, but by July 2 of that year all the steel workers were fired, but a select few. To keep a positive mood in the factory and get new people to work there the workers sang songs like the “Workers Anvil.” The strike lost interest and ended on November 20, 1892. In the end, the workers didn’t win with lower wages and longer

This book illustrates two events changes in America’s economic history, the Homestead Strike and the development of Carnegie Steel Company into United States Steel Corporation. The Author Les Standiford, describes the timeline and battles of determinations of Carnegie and Frick in the moral framework of Weber’s examination of the Protestant ethic which some people believe it gave moral and self-justification to those captains of the industry. This book views Carnegie and Frick as two supermen of that era of the Homestead Strike, two men that took America through the adventure of personalities and values, and they were able to succeed by coming together to transform base metal into gold and created the most powerful manufacturing entity on earth. Carnegie was the older, wealthier and more visible that held the higher moral ground. Henry Clay Frick was an essential addition to the Carnegie Steel Empire, because the Frick’s Coke Company was recognized as the largest coke making company. Carnegie developed the majority interest in the Frick Coke Company. Carnegie quickly came to the conclusion that Frick was a “Brilliant Man” and selected Frick as the president of Carnegie Steel. By the mid 1880’s Andrew Carnegie had built the largest integrated steel company in the United States. That main addition to the company was the required an assured source of coke as a key ingredient for the company. This book also illustrates the events and personalities of two strong men, so strong

The Philadelphia Smelter was a million dollar investment built in 1881 on the shores of the Big Wood River. During the Silver Boom of the 1880s, the Philadelphia Smelter processed the majority of the ore mined in Central Idaho, and was the Valley’s largest employer. Yet its reign lasted only a decade, and its rise and fall mark the boom and bust of the Wood River Mining Era

The history of company towns in the coal industry is not a good one. Mine owners and managers showed little sympathy for the coal miners and being the company owned the town, the miner’s wages all went back into the company.

Samuel put down the Sun Newspaper, and removed his glasses with a satisfying smile on the corner of his mouth. More and more population are flooding to New York. It is not easy in New York City, where many people become merchants, and it is quite competitive. Thanks to the Erie Canal, his importing business has been constantly growing. He needs to make this investment. Samuel worked quite hard to become this successful in the hardware merchant business. From metal, nails, screws, to farm implements, he sells anything that earns a copper. Mr. Duncan saved every dime he could get (everyday life in 1800s).

Once there, he had gone through several different types of jobs until he become a worker on the Pennsylvania Rail road. As a worker on the Railroad, he noticed the importance of the steel being used. He thought of making a business centered around making steel. Once he put his idea into action, he had become extremely wealthy and popular (Biography.com Editors, http://www.biography.com). This example proves that poverty during the Industrial Revolution was able to create benefits for the inventor and allow for a lasting benefit into the modern

The company built my family just as much as my family built the company. I was inspired and intrigued by the stories that my grandfather told me. From the time i was a young child he would go on these incredibly vivid tirades about the family trade; Steel working, more specifically blacksmithing. To many this may seem like an obsolete craft but to me it was so much more. The processes of and bending and shaping a material renowned for its strength and with nothing more than a flame and a hammer. This captured my interest without any of the slightest struggle and from there it began, I wanted to learn this craft that had been burnt into the very foundation of my family.

In 1906 John C. Lincoln incorporated his business East Cleveland, Ohio forming what we know today as the Lincoln Electric Company. Though the company started out as a relatively small operation, it is now one of the largest producers of welding Machines and electrodes. Branching out from Cleveland, Ohio the company now has more factories in U.S. as well as in other countries. The company’s success has be attributes to several different factors, one of which is the company’s unique culture.

The factors that are most important during the culture birthing process are founders’ values, preferences, and industry demands. The founder of Lincoln Electric Company was John C. Lincoln, who started the company in 1895, later incorporating the business in 1906. The story is one of modest means which yields big returns. Specifically, “He opened his new business, unincorporated, with $200 he had earned redesigning a motor for young Herbert Henry Dow”. Further strife marked Lincoln’s humble beginnings, “Started during an economic depression and cursed by a major fire after only one year in business, Lincoln’s company grew, but hardly prospered”.