WESTWARD EXPANSION INDUSTRIALIZATION URBANIZATION 1870 1900
AMERICAN INDUSTRY DEVELOPMENT IN THE GILDED AGE
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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served in the United States Congress
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treated their workers with respect
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gave large sums of money to charitable causes
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made fortunes in the automobile industry
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Detailed explanation-1: -Both Carnegie and Rockefeller have many similarities. They both came from families with little to nothing and later became very successful businessmen. Rockefeller and Carnegie owned major companies that monopolized their personal industries and crumbled all competition.
Detailed explanation-2: -Carnegie and Rockefeller were both entrepreneurs, captains of industry, and philanthropists, but what sets them apart is that John D. Rockefeller was also known as a robber baron. Born in Scotland in 1835, Carnegie moved to Pennsylvania and worked in a textile factory, as a …show more content…
Detailed explanation-3: -Carnegie, Rockefeller, Morgan, and Vanderbilt all had something in common, they were all “Robber Barons, ” whose actions would eventually lead to the corruption, greed, and economic problems of Corporate America today.
Detailed explanation-4: -Rockefeller devised a scheme to build his own steel company, something that will be a rival to whatever Carnegie had ever built. Carnegie looking to end this bloodbath offered to buy the entire output of Rockefeller’s mines, in return, Rockefeller will stay away from the steel business, both men closed the deal.