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Rockefeller Titans Characteristics

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Imagine if one person controlled almost all of one type of product, that is exactly what Rockefeller did to the oil industry. A monopoly like this is nearly impossible to do today, which is why none of the titans today are anywhere close to how rich the four main titans Cornelius Vanderbilt, John Rockefeller, Andrew Carnegie, and JP Morgan were. These men changed the world as we know it progressing us more in the span of 30 years than we had done in the last hundred. These men had certain traits which made them who they were and in turn America the place it is today. The four main titans had three specific traits that made them who they are like being ambitious, taking risks, and being flexible these traits are important because they are essential in business and most everything else. One of the defining traits of the titans was their ambition. Carnegie's mentor died driving him …show more content…

Vanderbilt saw that shipping by boat was becoming less popular and were going to be replaced by railroads, so he sold all of his boats in order to build trains and railroads. This flexibility is what allows these men to survive through innovations that would otherwise put them out of business. Rockefellers kerosene was becoming obsolete after the invention of electricity and the lightbulb, but he turned the before useless gasoline into an essential for people around the world. Rockefeller realized that this gasoline would be even bigger than kerosene, and bring him back to the top of the food chain. After the railroads crashed Carnegie realized his steel could be used to build buildings that would be stronger than the buildings being built at the time. By being flexible he both improved his own business and improved the quality of housing. By looking at the flexibility of these men it is possible to see how they became so powerful, and also to see how one can apply theses traits to

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I believe that Cornelius was a true captain of industry because of his strong will, entrepreneurial mindset, and eagerness for success.

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238 Words | 1 Pages

All this industry produced a lot of wealth for several businessmen like Cornelius Vanderbilt, John D. Rockefeller, Andrew Carnegie, and J.P. Morgan. These men were well-known as the “Captains of Industry”. Cornelius Vanderbilt also known as “The Commodore” built on of the largest shipping empires in the world. In his early years he was a steamboat manager and entrepreneur. He decided to sell all his ships and invest his money into railroads.

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565 Words | 3 Pages

It's fair to say that these men got lucky, but as much as it was luck it was also intuition and intelligence. Carnegie was a poor immigrant with big ideas for the expansion of the steel industry, and rather than play it safe he took a gamble. Carnegie knew he was risking everything he had, yet he trusted his intuition and it paid

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823 Words | 4 Pages

He also built up many cities out of steel; but Andrew Carnegie was more of a Robber Baron. Carnegie horribly mistreated his workers by giving them very long days and very low pay. Carnegie steel was a very rich company but Carnegie couldn’t even give his workers and average pay. Also, Carnegie was a not brave at all, while his company was not going well, instead of working to make it better, he camped out in Scotland and let his chairman Henry Frick do all the work. All in all, Carnegie was more a Robber Baron more than a Captain of

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812 Words | 4 Pages

Vanderbilt created the integrated railroad network making standard time, equipment and a standard gauge for all railways. The standard time he incorporated was adopted as the modern standard time system which fixed scheduling problems and gave us our four present day time zones. Carnegie’s growth of Steel Mills employed thousands of workers, and his steel was also used in the construction of the first skyscraper, and the Washington Monument. Rockefeller lead way to future advancements in petroleum uses such as gasoline engines. These three men made way to rapid more adequate transportation, and the availability of steel and oil accessible to more at a cheaper cost.

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482 Words | 2 Pages

Railroad started to be developed so trains could help transport goods from the West to the East. John D. Rockefeller became extremely wealthy for his business in the oil industry. Also Andrew Carnegie was also received a great bit of wealth through the production of steel. They were known as business robbers, because of how they made their wealth.

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425 Words | 2 Pages

The Gilded Age was a time of good and bad economic growth. In America during post civil war times, years 1870 to 1900, the nation was prospering on the surface, but was corrupt underneath; large businesses took control of the economy, changed society, and influenced politics nefariously. By the end of the nineteenth century, monopolies and trusts exercised a significant degree of control over key aspects of the American economy. Carnegie used vertical integration to take over the steel industry. He then set up a mega trust with Rockefeller, who was in the gas and oil industry, JP Morgan, who was a banker, and Vanderbilt, who was high up in the railroad industry.

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426 Words | 2 Pages

He showed them the benefits of being a ruthless businessman and how to stomp out competitors. Vanderbilt increased the supply of goods by building more factories. This not only led his companies to more success, but put more money into his pockets. Learning to push out other people in business in order to be on top, Cornelius Vanderbilt had become the richest man in the country in the nineteenth

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1282 Words | 6 Pages

The industrial revolution brought many great inventions and innovations into the world, especially to America, the new world. The United States had many resources available and more importantly for Americans could utilize them for the nations gain. Many businessmen took advantage of this opportunity by building up their businesses and wealth to a standard that many people still look to as a standard of greatness. Many historians have their take on how the men of the industrial revolution changed not only America, but the rest of the world as well. Authors, Charles Morris, Matthew Josephson, and James Nuechterlein point out to historians that the world is full of many different angles and ideas that one can view regarding the Robber Barons or the successful men of the industrial revolution.

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150 Words | 1 Pages

Every growing economy needs competition and Rockefeller and Carnegie were no other than the two who had discovered this perfectly. Through modification and deals with private owners, these men found their way to the top just like Steve Jobs and Bill Gates do now. Windows

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648 Words | 3 Pages

He was already elderly and had a contempt for the law. He was used to getting his way and the addition of more wealth only made his self important attitude worse. He was universally an unemphatic individual placing the acquisition of wealth far above any other individual. Andrew Carnegie, the steel baron, was a Scottish immigrant who worked his way to the top. He was the master of Vertical Integration, owning all aspects of his industry from mining to selling the product.

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400 Words | 2 Pages

Vanderbilt, Carnegie, Rockefeller and so many more greatly impacted America today for what they achieved during the Gilded Age. Defining what our businesses today would be run like. Putting a foundation on America for the Industrialism. Railroads, steel, and oil are just some of the great inventions or improved elements of America today. Though we forget it took people to master the certain things so we could still have it today.

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1089 Words | 5 Pages

Barons such as Andrew Carnegie, J.P Morgan, and John Rockefeller dominated the country through the enormous wealth that they amassed. The power that these individuals wielded was unfathomable. They even bought the presidency. It was through their combined might that William McKinley was elected. This pushed their power and wealth to even greater heights.

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649 Words | 3 Pages

The industrialization of America brought new big businesses that led to monopolies. Men like J.P. Morgan, Jay Gould, and John D. Rockefeller owned all or nearly all the industry in their respective fields by using vertical and horizontal integration to squeeze out all other

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964 Words | 4 Pages

Was Cornelius Vanderbilt a Robber Baron or Captain of Industry? A cruel businessman or an industrious leader? Henry J. Raymond believed that Vanderbilt was “a monopolist that crushed other competitors”(T.J Stiles). While he is also deemed one of America’s leading businessmen, and is also credited for helping shape the United States. His fortunes were made unfairly in some cases but his million dollar contribution to the Navy was very generous.

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