WESTWARD EXPANSION INDUSTRIALIZATION URBANIZATION 1870 1900
SECOND INDUSTRIAL REVOLUTION
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Rockefeller caused Tom Scott, Andrew Carnegie’s mentor to out of buisness and thus indirectly caused Scott’s death.
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Rockefeller sent Andrew Carnegie a paper jacket as a Christmas Gift.
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Rockefeller refused to donate money to build libraries as Carnegie hoped.
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Rockfeller was seven times richer than Andrew Carnegie, and Carnegie was ambitious to be the most powerful man in the nation
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Detailed explanation-1: -Another difference is that Carnegie believed that a man should first gain wealth and then use that wealth to improve the general well-being. He established many schools and set up philanthropic foundations. Unlike Carnegie, Rockefeller started giving once antitrust efforts came in on his oil company.
Detailed explanation-2: -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.
Detailed explanation-3: -What did they have in common and what divided them? Carnegie and Rockefeller became rivals because Rockefeller ruined Tom Scott’s (Carnegie’s boss) company, causing Scott to die an unsuccessful man. Both business men, however, similarly went from “rags to riches” and worked as young boys.
Detailed explanation-4: -As the wealthiest men in the country at the turn of the 20th century, Carnegie and Rockefeller embarked on huge, independent philanthropic efforts. Each gave away hundreds of millions of dollars in the last decades of his life. And each endowed a foundation that is still a philanthropic force.