Robber Barons or Captains of Industry: JP Morgan vs Andrew Carnegie vs John D. Rockefeller (1 janv. 1830 – 1 janv. 1893)

Description:

Comparison:

JP Morgan:

1. success in reorganizing railroads
2. consolidated electric, steel, and agricultural manufacturing facilities
3. creation of the U.S. Steel

Andrew Carnegie:

1. known for production of steel
2. beat competition by making cheaper and better product
3. monopolize steel industry
4. sold business to J.P. Morgan

John D. Rockefeller

1. built oil refinery called Standard Oil
2. beat out his competitors and formed a monopoly
3. by 1880 the trust controlled 95% of all oil refining in the U.S.

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