The Vanderblit
Vanderbilt was very competitive for shipping things.
Became best steamship operator in the world.
Vanderbilt railroad empire grew so much, it was the biggest railroad system.
Had more money than the U.S. government. Had about $100 million dollars.
Started losing money after a while because of Steamboats rising popularity
Brought his all his rivals out of business within a year
Had more money than U.S. treasury
Andrew Carnegie
Carnegie know Mor’s Code by ear
Carnegie started producing steel after he found out America was going to change railroads from iron to steel.
Carnegie was making more than $2 million dollars a year.
He funded libraries.
He sold his company for $480 million dollars.
He gave $300 million dollars to charity.
He wanted to bring people out of business that were producing steel.
12 hour shifts/ 7 days a week - workers doing hard work.
workers paid $520 every year.
Riots broke out because of Carnegie’s payment for his workers.
He choose power and money over his people.
J.Pierpont Morgan
Morgan at age 7 or 8 studies business.
The product he is making is money, he’s a banker.
He invested europeans money and give fees.
Morgan payed to be inderectory to get control of the company.
The president went to Morgan because of government was running out of money.
The second time, Morgan gave money to different President this time.
Morgan used his workers money to become in directory.
If the newspaper people placed his nose on their papers, Morgan would put them out of business.
He had way more money than the government.
John D. Rockefeller
Rockefeller started his first company for getting oil.
20 year Rockefeller started first to refine oil, instead of drill oil.
Things started to be invented like cars, planes, and more new ships.
Rockefeller owned 90% of oil (somewhere).
He gave millions for schools.
portraits himself as a good guy when he gets old.
half of his money went to charity.
Rockefeller said to his refinery oil competitors to join his company or else….
he owned $900 million dollars.
No comments:
Post a Comment