John D. Rockefeller founded Standard Oil and utilized American railroads to maximize profits through the use of horizontal monopoly building (which is now unlawful), while Andrew Carnegie worked in steel and began what would eventually evolve into the U.S. Steel cooperation.
See Course Notes for additional information: course-notes.org/US_History/Unit_Notes/Unit_Six_1865_1900/Industrial_America
John D. Rockefeller, Andrew Carnegie, Cornelius Vanderbilt, Henry Ford.
Andrew Carnegie, John D. Rockefeller, J.P. Morgan, Cornelius Vanderbilt, Leland Stanford
used ruthless buiness tactics against their competitors
John D. Rockefeller developed the Standard Oil Company which was the leader of the Oil industry in the U.S in the late 19th century. Andrew Carnegie boomed the Steel industry in the late 19th century and ended up selling the Carnegie Steel Company to John P. Morgan.
They were the richest men of their time and they controlled the oil, railroad, and banking of the nation. They lived like kings and paid their workers as little as they could. Carnegie came from Scotland with nothing, but through ruthless means he worked to become the richest. Rockefeller and Morgan were also ruthless in their dealings. This made them Robber barons stealing from the poor to make themselves richer. We have robber barons too with the 1% richest today.
Andrew Carnegie and John D. Rockefeller practiced philanthropy as a way to give back to society, improve their public image, and create a positive legacy. They also believed in the concept of "gospel of wealth," where the wealthy have a responsibility to use their fortune to benefit others.
Andrew Carnegie was known as the "Steel King" and John D. Rockefeller was known as the "Oil King."
Similarities between John D. Rockefeller and Andrew Carnegie include their immense wealth and success in the business world, both being leading figures in the Gilded Age of American industrialization. Differences include their primary industries: Rockefeller was in oil with his Standard Oil Company, while Carnegie was in steel with Carnegie Steel Company. Additionally, Carnegie was known for his philanthropy, while Rockefeller faced more criticism for his business practices.
Andrew Carnegie was big in steel, and John D. Rockefeller made his mark in oil.
cause they were
John D. Rockefeller, Andrew Carnegie, Cornelius Vanderbilt, Henry Ford.
Andrew Carnegie's biggest rival was John D. Rockefeller, who was a prominent American businessman and one of the wealthiest individuals in history. Both Carnegie and Rockefeller were tycoons in the late 19th and early 20th centuries, with Carnegie dominating the steel industry and Rockefeller controlling the oil industry.
Both Andrew Carnegie and John D. Rockefeller were titans of industry during the Gilded Age in the late 19th century, known for their immense wealth and influence. Both men made their fortunes in different industries - Carnegie in steel and Rockefeller in oil. Carnegie was a proponent of philanthropy and funded the establishment of public libraries, while Rockefeller focused on creating a systematic approach to his philanthropy through the Rockefeller Foundation.
Yes, John D. Rockefeller was richer than Andrew Carnegie. Rockefeller was considered the wealthiest American of all time, while Carnegie was also extremely wealthy, but not as wealthy as Rockefeller.
because rockefeller started the standard oil company and carnegie started the carnegie steel company.
Carnegie and Rockefeller donated a lot of their money to public improvement projects. Also, they donated the money to charity. They did it out of philanthropy and out of good will.
Henry Ford - Cars. Manufacturing Ford automobiles John D. Rockefeller - Marketed oilAndrew Carnegie - Steel. In the city of Pittsburgh