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Monday, January 9, 2017

Andrew Carnegie and John D. Rockefeller

Andrew Carnegie was a capitalist. Its non easy to visualize, but without him ventilation system life into the the Statesn nerve industry, we could never be the population we are today. Not only did he revolutionize the the Statesn mega-corporation, hes the substitution class of the American success story. scratch line as a Scottish immigrant working in the depths of the dada railroad industry, he taloned his way up to beingness the richest man in America by 1900. He had the anticipation to see where demand would delusion in the future, taking the danger of investing in marque in an iron-dominated market. He hurtle in the man-hours and effort to taste out a agreeable and cost-effective method to break the material that would forge America into the powerhouse we have cognize for the past 100 years.\nThe nineteenth century was the peak of the interminable power that capitalists could reach in Americas open market before the trust-busting front at the turn of the century. His debatable political influences along with his crosswise and vertical integration solely shut out only competition and middlemen, supplying just about 90% of the steel in the US by 1901. He tried his best to dampen back with his accrued riches; building schools, concert halls, and libraries. That being said, he didnt build his consequence by being a humanitarian. Although he was a kind man in person, his steel works were a fiendish environment, running 12, sometimes 24 hour shifts in chanceful conditions with little to no upwards mobility amongst his workforce. Carnegie was a man of contradictions in many respects, but he was the embodiment of American capitalism, for two good and bad.\n\nJohn D. Rockefeller, relentless\nThough big inunct seems to come up perpetually in the news today, in the late 1800s (before the rise of the automobile) the US oil color industry had not yet taken take of the ground. Rockefeller could not have entered the oil market at a better time, in the nineteenth century, the oil industry was ...

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