ipl-logo

John D. Rockefeller: The Richest Man In The World

1399 Words6 Pages

First of all, John D. Rockefeller, born July 8,1839, was the richest man in the world when he was alive. In fact he is still considered the richest man in the world even after having died. His wealth well surpassed any business man in today’s times and even surpassed any king or queen to have ever existed.(Gladwell) Many things accounted for Rockefeller’s wealth. After his family moved to Cleveland, Ohio when he was 14 he started working doing small jobs. His first real full time job started out when he was 16 years old. Rockefeller started out as an assistant bookkeeper with Hewitt & Tuttle, commission merchants and produce shippers.(Biography.com, Rockefeller) When he turned 20 he left that job to pursue his own business alongside a partner. …show more content…

Rockefeller. While Rockefeller used a lot more of his natural business intuition, Carnegie put in much more hard work. He started from the bottom and rose to power. Andrew Carnegie was born November 25, 1835 in Dunfermline, Fife, Scotland. A factor that greatly helped Andrew Carnegie was his family 's belief in books, reading and learning.(Biography.com, Carnegie) Having this as his environment growing up taught him many things, especially lessons in hard work. When Carnegie’s family moved to Allegheny, Pennsylvania he was only 14 years old. He went straight to work in a factory only making $1.20 a week. (Biography.com, Carnegie) Going to work at this young of an age helped him learn even more lessons in hard work. Carnegie wanted to learn and become successful. Within a year he got a job as a telegraph messenger. He eventually worked his way up higher and higher until he got a job at the Pennsylvania Railroad. Working here taught him much. He learned about the railroad industry and even more about business in general.(Biography.com, Carnegie) He was smart and made investments in the oil business. THis proved to be a wise choice as it soon led to great amounts of profit for him. He eventually left the railroad company and focused his time on the steel business. His business would later be known as Carnegie Steel. The strategy Carnegie used to make his business progress faster than anyone has seen before. He could produce steel faster, cheaper, and easier than anyone else in the business. He owned everything he needed to do this. He owned the raw materials, he owned the means to ship his product by water and by land, he even owned coal fields to fuel his factories. (Biography.com, Carnegie) Due to the mass and power of his steel foundries he was known as one of the leading people to help shape the nation and power the economy.

Show More
Related
840 Words | 4 Pages

As our country reached the late 1800’s, Americans found themselves face to face with era known as the ‘Gilded Age’. Companies were created and grew rapidly during this time period. Some of the most famous entrepreneurs were John D. Rockefeller and Andrew Carnegie, who seemed to be the perfect models for the ‘rags to riches’ story. Many people debate which entrepreneur was a better role-model. Due to his low prices, the high demand for his products, and the way he sought to eliminate any possible competition, John D. Rockefeller is clearly the better role-model for today’s entrepreneurs.

Read More
413 Words | 2 Pages

Name of Industrialist: Henry Ford How did he acquire his wealth? He acquire his wealth by being a self-made man, that revolutionize the car industry in the 90’s.   How he (or his related industries) treated workers? Ford manage to lowered the cost of manufacturing, while providing a wage correspondent to more than double of the previous average.

Read More
1617 Words | 7 Pages

He became a philanthropist when he donated much of his money to good causes. He bought shares in the iron mills in factories that made sleeping cars and locomotives. He also was a captain of industry and invested in a company that built railroads and bridges . Carnegie has a university in chicago called university of chicago, as well as Carnegie Hall in New York City. Carnegie also formed a huge monopoly after he took over the steel industry.

Read More
493 Words | 2 Pages

Andrew Carnegie wa a scottish immigrant who came to the United States at age 9. Carnegie was a messenger boy and worked as a bobbin boy in a factory. Andrew also worked as the assistant to Thomas Scott, one of the railroads top officials. He buys a company and builds a sleeping car on a train. Andrew earned most of his fortune in the steel industry.

Read More
114 Words | 1 Pages

John D. Rockefeller was the founder of the Standard Oil Company and became one of the wealthiest men of his time. His company was the major leader of the oil business in the United States during his reign. Standard Oil company served as a prime example of how companies should function, which helped to guide others to follow in his footsteps. He was a major philanthropist and used his large fortune to fund many philanthropic causes. His donations helped pay for the creations of the University of Chicago, the Rockefeller University, the establishment of Central Philippine University, and many others.

Read More
584 Words | 3 Pages

The domestic policy of the Cold War era truly went on to shape the country we see to this day. Two of the presidents that had the greatest impacts on the modern United States were Lyndon B. Johnson and Ronald Regan. The administrations under these two men would, through their policies on the environment, poverty, and civil/ human rights, make lasting changes to how the government would handle these issues. Lyndon B. Johnson was the president when some of the first claims of global warming and acid rain reached the White House. Johnson’s administration began a wave of new environmentalism with new policies branded under his Great Society plan.

Read More
231 Words | 1 Pages

The next year he got a job as a telegraph operator. And then started working on the railroads in Pennsylvania. After three years of working on the railroad, Carnegie was promoted to superintendent. As he worked, he made many wise investments,

Read More
463 Words | 2 Pages

Andrew Carnegie was born November 1835, in Dunfermline, Scotland. He grew up poor and lived in a small cottage attic with his family. In 1848 the carnegie family made the hard decision to immigrate to the United States. Carnegie was locally famous for decoding messages when he was a telegraph operator. He later worked himself up to being one of the most famous men in business during the late 1800’s.

Read More
899 Words | 4 Pages

He was a Scottish-American industrialist who led the enormous expansion of the American steel industry in the late 19th century, where he made his fortune. His federal steel company became the core of the United States Steel Corporation. At the height of his career, Carnegie was the second-richest person in the world, behind only John D. Rockefeller of Standard Oil. Rockefeller had a long and controversial career in the oil industry.

Read More
677 Words | 3 Pages

He grew up in poverty. His father's name was William Carnegie, William worked as a weaver and was the only source of income for the family. Carnegie’s mother's name was Margaret Morrison. Carnegie’s father died in 1855, after his death Carnegie realized that he would have to take care of the family. Carnegie gotta education and by the age 18 Carnegie was a secretary for Thomas A. Scott, the superintendent of the western division for the Pennsylvania Railroad.

Read More
541 Words | 3 Pages

He started dedicating most of his time to the steel industry during the next decade. His business changed the way steel was produced and manufactured in the U.S. Carnegie built plants around the country, using different methods and new technology that made producing and manufacturing steel easier and faster. He was the owner of Carnegie Steel Corporation by 1889. It was the largest in the

Read More
338 Words | 2 Pages

Andrew Carnegie was one of the most famous and wealthiest American industrialist during the Industrial Age. He was a robber baron who made a fortune in the steel industry and applied vertical integration to his business. Carnegie contradicted his views as a robber baron because he supported, but destroyed many unions. This made many of his views unethical.

Read More
835 Words | 4 Pages

The late nineteenth century was a pivotal moment in American history. During this time, the Industrial Revolution transformed the nation, railroads had dissipated all throughout the country, and economic classes began to form, separating the wealthy from the poor. One of the wealthiest men of this generation was Andrew Carnegie, a Scottish immigrant who fled to America to make millions off the railroad, oil and even steel businesses. Carnegie is considered one of the richest men in history, and even with all that wealth he decided to give back to the community. As a matter of fact, Carnegie donated most of his funds to charities, universities and libraries in his last few years.

Read More
460 Words | 2 Pages

During the late 19th century, there was a growth in industrialization. This brought new opportunities for the poor and the rich. For example, Carnegie helped build the steel industry in Pittsburgh Pennsylvania, which made him one of the richest man in the world. As Carnegie gained more wealth, he questioned who money should be given to. Carnegie was both a Robber Baron and a Captain of Industry.

Read More
459 Words | 2 Pages

Rockefeller: The Captain of Industry that has helped our country thrive “The best philanthropy” he wrote, is constantly in search of finalities- a search for a cause an attempt to cure evils at their source” - John D. Rockefeller John D. Rockefeller was the richest man of his time but, used his wealth to improve our country. Rockefeller entered the fledgling Oil industry in 1863, by investing in a factory in Cleveland, Ohio. In 1870 Rockefeller established the Standard Oil Company. With the establishment of the oil company Rockefeller controlled 90% of the oil business in America by 1880.

Read More

More about John D. Rockefeller: The Richest Man In The World

Related Topics

Open Document