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they sold places to gain money so that they can be multimillionaire
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What do you think about the business methods of Carnegie-Rockefeller and Stanford?
they sold places to gain money so that they can be multimillionaire
What do you think about the business's methods of Carnegie Rockefeller and Stanford?
they sold places to gain money so that they can be multimillionaire
Who is an example of a robber baron?
Jay Gould is an example of robber baron because he was a business leader who became wealthy through dishonest methods. Others are Rockefeller and Carnegie.
Who is a example is a of robber baron?
Jay Gould is an example of robber baron because he was a business leader who became wealthy through dishonest methods. Others are Rockefeller and Carnegie.
How were Rockefeller's methods for building standard oil different from Carnegie's in building his steel company?
because Carnegie, unlike Rockefeller tried to beat his competition in the steel industry by making the best and cheapest product
What methods did Rockefeller and carnegie use?
John D. Rockefeller and Andrew Carnegie employed various methods to build their business empires. Rockefeller utilized horizontal integration, acquiring competing oil companies to establish a monopoly in the oil industry, while also employing aggressive pricing strategies to drive out competitors. Carnegie, on the other hand, focused on vertical integration, controlling every aspect of steel production from raw materials to distribution, which allowed him to reduce costs and improve efficiency. Both industrialists also made significant use of innovative technologies and practices to enhance productivity and profitability.
What was the significance of John D Rockefeller Andrew Carnegie and Jay P Morgan to the organizing and promoting of late 19th century US business and industry?
John D. Rockefeller, Andrew Carnegie, and J.P. Morgan were pivotal figures in shaping late 19th century American business and industry. Rockefeller revolutionized the oil industry and established the Standard Oil Company, creating a model for corporate monopolies. Carnegie transformed the steel industry through innovative production methods and vertical integration, while Morgan played a crucial role in financing and consolidating industries, leading to the formation of major corporations like U.S. Steel. Together, they exemplified the era's rise of industrial capitalism, shaping the economy and influencing American society.
What methods to Andrew Carnegie use to build his industry?
Andrew Carnegie used horizontal integration. He bought out his competition through this technique making his business more profitable.
What was John D Rockefeller character traits?
John D. Rockefeller was known for being disciplined, shrewd, and hardworking. He was also extremely focused and strategic in his approach to business, and highly innovative in developing new methods for maximizing profits.
What were the business methods of Andrew Carnegie?
Andrew Carnegie's business methods centered around efficiency, innovation, and vertical integration. He emphasized cost-cutting through advanced technology and production techniques, which allowed him to dominate the steel industry. Carnegie also believed in the importance of a strong workforce, investing in worker training and welfare to enhance productivity. Additionally, he practiced aggressive expansion by acquiring competitors and investing in new markets, ultimately leading to the creation of the Carnegie Steel Company, one of the largest steel producers in the world.
Owned most of the steel industry?
In the late 19th century, Andrew Carnegie dominated the steel industry in the United States through his company, Carnegie Steel Company. His innovative methods and aggressive business tactics allowed him to amass significant wealth and power.
How should Vanderbilt Carnegie and Rockefeller be remembered greedy or benefactors of society?
Vanderbilt, Carnegie, and Rockefeller are complex figures who embody both aspects of greed and societal benefit. While their aggressive business practices often prioritized profit and led to monopolistic control, their philanthropic efforts significantly transformed American society through investments in education, healthcare, and the arts. Ultimately, their legacies reflect a duality: they were driven by personal ambition but also contributed to the greater good, prompting ongoing debate about the ethical implications of their wealth and influence. Thus, they should be remembered as both influential benefactors and entrepreneurs whose methods were often contentious.
