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philanthropists and industrialists
Andrew Carnegie and then he sold it to J.P. Morgan
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.
standard oil company
United States Steel Corporation
john d. Rockefeller
used ruthless buiness tactics against their competitors
philanthropists and industrialists
J. Pierpont Morgan bought Carnegie's steel company in 1901.
United States Steel, created by J. Pierpont Morgan after buying Andrew Carnegie's holdings, which actually capitalized at $1.4 billion.
Andrew Carnegie and then he sold it to J.P. Morgan
Andrew Carnegie, John D. Rockefeller, J.P. Morgan, Cornelius Vanderbilt, Leland Stanford
Some of the so-called "Captains of Industry" included Andrew Carnegie, J.P. Morgan, John D. Rockefeller and Andrew W. Mellon.
1900
1900
J.P. Morgan's U.S. Steel Corporation bought out Andrew Carnegie's Carnegie Steel Company in 1901, creating the world's first billion-dollar corporation. The acquisition made Carnegie one of the wealthiest individuals in the world.
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.