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Differences Between Henry Ford, J. P. Morgan, And John D. Rockefeller

658 Words3 Pages

In America, the founders believed bigger risks always lead to bigger reward. Throughout the text and the movie many of the successful businessmen took huge leaps to become bigger and better businessmen. Most of the time the risk was worth it. Henry Ford, J.P. Morgan, and John D. Rockefeller all believed the bigger the risk the bigger the reward. J.P. Morgan’s mentor was his father. His father did not approve of Morgan taking big risks that could cost him to loose all of his money and get a bad reputation. However, Morgan decided the only way to make it with this competitive competition is to make huge risks. One of the biggest risk Morgan has probably ever taken was when he invested in electricity with Thomas Edison. His father did not …show more content…

Rockefeller made many risks throughout his life that helped him create his business and his reputation. When Cornelius Vanderbilt offered to transport his oil with his trains, Vanderbilt didn’t even now Rockefeller was bankrupted. Rockefeller agreed to work with Vanderbilt, but he was not going to be taken advantage of even though he may not be as powerful and rich. After working with Vanderbilt, Rockefeller started producing a lot more oil then he did before, and Vanderbilt could not keep up with transferring the oil fast enough. Rockefeller decided to make another huge risk by working with Thomas Scott’s train company. Thomas Scott was the second largest train company in the United States, after Cornelius Vanderbilt. Rockefeller needed someone else to help him transper his oil because Vanderbilt was not keeping up. Then, Rockefeller decided he didn’t want to rely on others to transfer his oil to others so, he decided to create oil pipelines. Rockefeller had to dig under the ground and install pipelines. This was the first time anyone has ever made oil pipelines. After the pipelines were finished Rockefeller realized he did not need the help of others any more. This was the start of Rockefeller’s Standard Oil

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