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Andrew Carnegie was big in steel, and John D. Rockefeller made his mark in oil.
This was the time period of the Industrial Revolution, and some big companies were Standard Oil (run by John D. Rockefeller) and the Carnegie Steel Trust (run by Andrew Carnegie), which he later sold to a financer named J.P. Morgan.
It was a hands off policy where big business wanted no government interference in their dealings. This led to the monopolization of many industries. John Rockefeller benefitted from this deal.
Large businesses can be role models or challenges to small businesses wanting to build the next big thing out there. Large businesses set the milestone for innovation.
So that they would not be threatened and make more money themselves Before there were government organizations such as the SEC, (securities and exchange commission ), the Federal Reserve Bank of NY, and anti trust laws regarding various business regulations, some large US Industries came close to monopolizing various areas of the economy. One example of this were the business activities of John D. Rockefeller. Not to single this man out or discredit him in any way, I use him of an example of what I believe the question infers. Here then is an example of how a large company, created within the free enterprise system, came close to help undermine the very system that allowed Rockefeller to prosper which are as follows: A. Rockefeller's main company was the Standard Oil Company; B. Along with partners, Rockefeller, bought more oil refineries and the railroads connecting them together and to marketing regions; C. In 1872, Standard Oil bought 20 other oil related companies; D. Based on his aggressive business tactics, which at the time were legal, Rockefeller created a Standard Oil Trust, which housed the majority of the oil businesses in America; and E. Base on the 1890 Sherman Anti trust Act, a Federal Court ordered that the Rockefeller Trust needed to divest itself of companies that effectively monopolized the oil industry in America.
John D. Rockefeller @$5hole
Andrew Carnegie was big in steel, and John D. Rockefeller made his mark in oil.
John D Rockerfeller established Rockerfeller Center (where the big Christmas tree is) :)
John D Rockerfeller established Rockerfeller Center (where the big Christmas tree is) :)
Some of the so-called "Captains of Industry" included Andrew Carnegie, J.P. Morgan, John D. Rockefeller and Andrew W. Mellon.
Andrew Carnegie was a Scottish-American industrialist who led the expansion of the American steel industry in the late 19th century. John D. Rockefeller was an American business magnate who founded the Standard Oil Company in 1870 and revolutionized the petroleum industry. Both Carnegie and Rockefeller were among the wealthiest individuals in their time and known for their philanthropic efforts.
It had a big impact because he could not il treat the peasants
monopolies were like a big business that people had owned like Rockefeller and the oil company that he owed all the oil and the people in America would buy it and Rockefeller will have the money from the people and the power from them
John D. Rockefeller
This was the time period of the Industrial Revolution, and some big companies were Standard Oil (run by John D. Rockefeller) and the Carnegie Steel Trust (run by Andrew Carnegie), which he later sold to a financer named J.P. Morgan.
Reign in Big Business and set rates and standards for all transportation/freight charges and close monopolies in business that cut out the small Entrepeneurs. Competition is a good thing for both business and consumers. John Rockefeller was the original Trust Baron with Superior Oil, owning 90% of America's oil refineries. The railroad barons were giving favored rates to other big business and rail owners and higher rates for the small business men and farmers. These two acts changed how American business worked and helped spur increasing Entrepeneurs and manufacturers.
He first offered a trust and if they didn't accept the trust, he would run them out of business by putting a store next to the other one and sell his merchandise for 75% less money than the other company.