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What impact did Andrew Carnegie and John D. Rockefeller have on the American economy in the last half of the 1800s?
They established and dominated the new steel and oil industries.
What impact did Andrew Carnegie and john D Rockefeller have on the American economy in the last half of 1800s?
They established and dominated the new steel and oil industries.
Why were men like Andrew carnegie and john Rockefeller called robber barons?
Andrew Carnegie and John D. Rockefeller were labeled "robber barons" due to their ruthless business practices and monopolistic control over their respective industries—steel and oil. They often used exploitative tactics, such as undercutting competitors, manipulating labor conditions, and engaging in unethical dealings to amass vast fortunes. This term reflects the perception that they prioritized personal wealth over fair competition and the welfare of workers, leading to significant economic disparity during the Gilded Age.
How does Carnegie and Rockefeller differ?
Andrew Carnegie was big in steel, and John D. Rockefeller made his mark in oil.
Businessmen such as John D Rockefeller Andrew Carnegie and JP Morgan were often called?
philanthropists and industrialists
What is the thing that Andrew Carnigie invented?
Essentially what Andrew carnigie did was note the potential of the steel industry; and, eventually founded the Carnigie Steel Company.
How did Americans build fortunes in the oil and steel industries?
Andrew Carnegie in steel and John D. Rockefeller in oil industry built fortunes by buying the competition, thus creating monopolies that could charge prices much higher than costs and earn large profits.
How did Andrew carnigie get rich?
He invested in steel!
How can you compare Andrew carnegie to john d rockefeeler?
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.
What did Andrew Carnigie do?
Seriously, don't you people have Google?
The NAACP was largely supported by which industrialist?
Andrew Carnigie
How are Andrew Carnegie and John D Rockefeller similar?
Andrew Carnegie and John D. Rockefeller were both very rich men and, if they were alive today,they would be the two richest men in the entire world. They both owned major companies that monopolized their respective industries and crushed all competition. They were both philanthropists. They both used railroads to keep their prices low.
What was quintessential force in late-nineteenth-century city government?
Corruption!!! Big Industrialists like John D. Rockefeller and Andrew Carnigie owned the nation with their capitalist's ways in which they got what they wanted by bribing the city officials!
What did Andrew Carnegie and John D. Rockefeller have in common?
Both Andrew Carnegie and John D. Rockefeller were wealthy industrialists who dominated their respective industries (Carnegie in steel, Rockefeller in oil) during the late 19th century. They were both known for their ruthless business tactics and amassed significant fortunes through their business ventures. Additionally, both men were philanthropists and donated large sums of money to various charitable causes and institutions.
Which two men are largely credited with establishing the steel and oil industries in the US?
Andrew Carnegie and John D. Rockefeller
What impact did Andrew Carnegie and john d Rockefeller have on the American economy in the half of the 1800s?
They established and dominated the new steel and oil industries.
What industries were Jhon D. Rockefeller Henry Ford and Andrew Carnegie associated with?
Henry Ford - Cars. Manufacturing Ford automobiles John D. Rockefeller - Marketed oilAndrew Carnegie - Steel. In the city of Pittsburgh
