answersLogoWhite

0

Americans who viewed Andrew Carnegie and John D. Rockefeller as captains of industry typically admired their entrepreneurial spirit, innovation, and significant contributions to the American economy. These individuals often appreciated their ability to create vast wealth and job opportunities, seeing them as symbols of the "American Dream." Additionally, those who valued philanthropy might have admired their charitable efforts, as both men donated substantial portions of their fortunes to education and public causes. Overall, their supporters often emphasized the positive impact of their business practices on society and industry.

User Avatar

AnswerBot

∙ 1y ago

What else can I help you with?

Continue Learning about U.S. History

What were Andrew carnegie cornelius vanderbilt and john d Rockefeller involved in?

Andrew Carnegie, Cornelius Vanderbilt, and John D. Rockefeller were prominent American industrialists during the late 19th and early 20th centuries. Carnegie was a key figure in the steel industry, founding Carnegie Steel Company and revolutionizing steel production. Vanderbilt was a leading figure in the railroad and shipping industries, known for consolidating and expanding the railroad network in the United States. Rockefeller, founder of Standard Oil, dominated the oil industry and is often associated with the rise of monopolies and corporate power in America.


Why are John D. Rockefeller and Andrew Carnegie important figures in U.S. history?

John D. Rockefeller and Andrew Carnegie are pivotal figures in U.S. history due to their immense contributions to the industrialization of the nation in the late 19th century. Rockefeller revolutionized the oil industry and established the Standard Oil Company, which became a model for monopolistic practices. Meanwhile, Carnegie led the expansion of the steel industry through his company, Carnegie Steel, significantly impacting infrastructure and economic growth. Their philanthropic endeavors also laid the groundwork for modern charitable giving, influencing future generations of wealth distribution.


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.


What percent did Rockefeller control of the oil industry?

95%


Did john D Rockefeller had a partner?

Yes, John D. Rockefeller had partners in his business ventures, most notably with his co-founder William Rockefeller, who was his brother. Together, they established Standard Oil in 1870, which became a dominant force in the oil industry. Additionally, Rockefeller collaborated with other key figures in the industry to expand and consolidate their operations.

Related Questions

How did carnegie and Rockefeller each become industry leaders?

carnegie and Rockefeller became industry leaders because of there number of industries of sugar,whiskey,and cotton


How are the Carnegie's and Rockefeller's alike?

They were both Captains of Industry during the Industrial Boom in America. Carnegie made steel Rockefeller made oil


Who were the captains of industry?

John D. Rockefeller, Andrew Carnegie, Cornelius Vanderbilt, Henry Ford.


Who were considered captains of industry or robber barons?

Andrew Carnegie, John D. Rockefeller, J.P. Morgan, Cornelius Vanderbilt, Leland Stanford


Are Andrew Carnegie and John Rockefeller industrialist?

Yes, both Andrew Carnegie and John D. Rockefeller are considered prominent industrialists in American history. Carnegie made his fortune in the steel industry, founding Carnegie Steel Company, while Rockefeller established the Standard Oil Company, dominating the oil industry. Their business practices and innovations contributed significantly to the growth of the American economy during the late 19th and early 20th centuries. Both were also known for their philanthropic efforts later in life.


Who was Andrew Carnegie's biggest rival?

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.


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


How was Rockefeller different from carnegie?

John D. Rockefeller and Andrew Carnegie were both titans of American industry, but they had different business approaches and philosophies. Rockefeller focused on creating a monopoly in the oil industry through horizontal integration, controlling every aspect of production and distribution. In contrast, Carnegie emphasized vertical integration in the steel industry, aiming to control all stages from raw materials to manufacturing. Additionally, while both were philanthropists, Rockefeller's giving was more focused on large-scale foundations and healthcare, while Carnegie advocated for libraries and educational institutions.


Who dominated the steel industry in the late 1800 and early 1900?

Andrew Carnegie. John D. Rockefeller had created a monopoly with his oil business, too.


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.


Who were Andrew Carnegie and john d Rockefeller?

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.


How would Carnegie and Rockefeller justify calling themselves Captain of Industry?

by dominating the market, becoming the richest founders of all time.