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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.
95%
Andrew Carnegie
the price was right
Andrew Carnegie
carnegie and Rockefeller became industry leaders because of there number of industries of sugar,whiskey,and cotton
They were both Captains of Industry during the Industrial Boom in America. Carnegie made steel Rockefeller made oil
Andrew Carnegie, John D. Rockefeller, J.P. Morgan, Cornelius Vanderbilt, Leland Stanford
John D. Rockefeller, Andrew Carnegie, Cornelius Vanderbilt, Henry Ford.
because Carnegie, unlike Rockefeller tried to beat his competition in the steel industry by making the best and cheapest product
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.
Andrew Carnegie. John D. Rockefeller had created a monopoly with his oil business, too.
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.
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.
by dominating the market, becoming the richest founders of all time.
Steel was the fast growing industry after 1885. Oil companies Carnegie and Rockefeller were also large powerhouses but JP Morgan Steel bought them out.
Andrew Carnegie was the millionaire tycoon who made his riches in the steel industry.