Rockefeller's Standard Oil Company revolutionized the oil industry by creating a modern, efficient integrated business model that helped to lower the cost of oil production and distribution, so he could reinvest into his company. Carnegie's steel empire not only transformed the steel
Arguably one of the most pivotal points in American history, the industrialization of the 19th century brought about a new way of life, and with that came intense competition and crucial outcomes. Cornelius Vanderbilt, Andrew Carnegie and John D Rockefeller are just a few examples of industrialists that made lasting impacts on society. I believe that these 19th century industrialists did not always play fair, but it was their motivation and intuition behind their choices that credit them as the “Captains of Industry” and helped shape American business. To earn this title, these men had to do whatever it took to stay on top. Being the front runners, they were constantly being targeted and had to fight back to ensure the prosper of their own
Consequently to the Civil War, America changed. There was an increase in population, therefore more resources and jobs were needed. Agriculture led production in America and with the surplus in population, a new industry began. The Industrial Revolution, which created innovations, mass production, and factories, was only the beginning of this new phase in America. Then, the industry’s leaders capitalized upon these fresh opportunities and assets.
During the latter half of the nineteenth century, the American Industrial Revolution sprung up. The steel industry began America’s climb to a global leader in industry. More people were drawn to the booming economy rather than to politics. The American industrial revolution was in full gear, and most men had a hunger for wealth rather than for Congress or presidency. During this time, the railroad became a massive industry, not just for transportation, but also for production building of the railroads.
John D. Rockefeller and Andrew Carnegie were abundantly similar when it came to traits that made them sucessful in business endeavors. They both rose from extreme povery and disadvantage as children. Limitations did not exist when it came to their inner core of ruthlessness exhibited at times against their competitors and even their employees. They took complete control of every detail of their business and ran it with a prerogative to control a large part of the American economy.
After the end of the American Civil War, there was a long period of republican dominated politics. These republican politicians heavily favored industry, and as a result the United States quickly became an industrial powerhouse in the world. Many entrepreneurs, some of which include John Rockefeller, Andrew Carnegie, and Cornelius Vanderbilt, staked their claim in American industry and shaped the post-war nation. The growth of American industry led to major shifts in the structure of American economics, disagreements over the role of the American government, and changes in American lifestyle. The growth of big business resulted in major shifts in the structure of American economics.
After the time period between 1865-1900 which was also known as the Reconstruction Era, advancements in the industry began to become more efficient. There were many social and political reforms that occurred that applied to this evolution. During the 19th century there were many advancements that changed society like oil, steel, and electricity. Then, creating concepts of big business helps the foundation of the economy. However, the idea of Robber Barons became known as people who used extreme methods to gain wealth through their actions to become the best in the industry, impacting them to become greedy.
At the onset of the late 19th century, the US experienced an influx of new industries, some of which were dominated by a single corporation. With the invention of the Bessemer process, the industries of steel, oil, and railroads boomed. These industries came to be dominated by the companies of industrialists such as Andrew Carnegie, John Rockefeller, and Cornelius Vanderbilt, respectively. America’s Industrial Revolution also spurred on the invention of electricity and other items that enhanced transportation and communication, which ushered in a new era of change for the US. During the Gilded Age, industry affected the social, economic, and political atmospheres through the monopolization of industries, the rise of Social Darwinism, and the
Rockefeller was the founder of Standard Oil, and helped revolutionize the gas and oil industry while Henry Ford revolutionized the factory setting and the assembly line. While JP Morgan was primarily a businessman, he revolutionized the basic business, and became a huge supporting cast for the railroad industry. Finally, Andrew Carnegie innovated the steel production industry, and made steel production and transportation thrive throughout the country. The individuals mentioned above are only a fraction of the many different people that thrived and helped develop America during the Gilded Age”. These famous, or infamous industrialization tycoons thrived during the late 19th century, and created many of the businesses and operations that we know
The major players in creating American big business were John Rockefeller, Andrew Carnegie and Jay Gould. Through their efforts, they changed the way that American businesses operated on a fundamental level. One of the most drastic changes brought about was the introduction of two new business structures, the vertical and horizontal structures. Using either and often times both of these structures, businesses were able to streamline the production process and control the quality and price of materials as well as the final products. Companies that were able to streamline the fastest were able to dominate the market and soon began buying the others, allowing them to easily fix prices.
The period after the civil war saw the United States of America economy transform to become a national economy and an industrial giant. The already existing industries quickly expanded and new ones emerged including steel manufacturing, electrical power, and petroleum refining. This period saw the rapid expansion of the railroad network which would subsequently connect even the remote parts of the country into the national economic grid essentially transforming the regional markets into a national economy. Following the economic expansion, the American society was greatly transformed creating a new crop of wealthy individuals and a dynamic middle class. Additionally, there was a vast expansion of blue collar job opportunities which quickly
The Gilded Age, around the 1870s to the late 1890s, led to immeasurable success within the American economy and society. Wealth for a few led to hope for the many, and the idea of becoming immensely wealthy appealed to people. People saw that anybody could rise to the top through hard work and it was exemplified in people like Andrew Carnegie and John D. Rockefeller. This gave them hope and advanced the idea of American exceptionalism and superiority. The process of obtaining wealth led to industrialization and urbanization but also to many problems.
economically, socially, and politically. The Industrial Revolution resulted in the economical transition from an agrarian economy to an industrial economy. The perfection the railroad compounded by improvement in manufacturing and the emergence of capitalism resulted in an economic boom. Manufacturing became the core of America’s economy. Manufacturing greats like Andrew Carnegie, mass produced goods such as steel for extremely low prices by exploiting cheap immigrant labor and the Republicans’ (dominating political power of the era)
The steel and oil industry was what helped the railroad industry really take off. The railroad was Americas first big business. In 1869 the first continental railroad was created, helped with the growth of the market in the west. Without Jay Gould this would of never happened then. The railroad helped give 55,000 people jobs in the 1870’s and capitalized more than 400 million dollars.
The Sioux Indians were allied with many Native Americans during the civil war period. The Lakota tribes, which are apart of the total Sioux population, attacked the settlers and emigrants moving into the land forcing America to respond. America responded by sending an army to Lakota killing many women, men, and children. A series of short followed these attacks, which led the Sioux to flee west to their allies in Montana and the Dakota Territory. This action increased illegal settlement after the civil war, which led to another war shortly.
