Captains of Industry Editorial
Uploaded by Boming on Nov 25, 2007
We should support the Captains of Industry because they are helping America tremendously by enriching us with minerals and making the society wealthier.
Andrew Carnegie, also known as the steel king, founded the Carnegie Steel Company in 1870s. The company made steel more abundant in a wooden America. Carnegie then built railroads for trains, and bridges for people. Andrew Carnegie recently founded establishments for many libraries, schools, and universities in America. He also devoted his life to large-scale philanthropy, with special emphasis on local libraries, world peace, and scientific research.
John Davison Rockefeller revolutionized the petroleum industry and founded the Standard Oil Company which helped many railroad companies, in order for him to become the richest person, he had to crush other competitors (American beauty rose) and used horizontal integration to collect shipping fees. However, Rockefeller has devoted a great amount of money into the modern systematic approach on philanthropy, foundations that had a major effect on medicine, education, and scientific research. Rockefeller’s foundation opens up the development of medical research, and supported many Baptist churches.
John Pierpont Morgan, an American financier, interested in monopolies. He merged Edison General Electric and Thompson-Houston Electric Company; making General Electric. He also merged Carnegie Steel Company and several other steel and iron businesses to form the United States Steel Corporation in 1901. Morgan supported the Country by loaning money to the government during the great depression and many other things.
The success of Andrew Carnegie, John D. Rockefeller and J.P Morgan highlights the industrial age