Compare And Contrast Rockefeller And Jp Morgan

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In America, before the GIlded Age no one had seen the way Andrew Carnegie, John D. Rockefeller, and J.P. Morgan collected the amount of wealth that they gained in the amount of time it took them to get it. In creating wealth for themselves John D. Rockefeller, Andrew Carnegie, and J.P. Morgan effected and created positive attitudes and people loved the way they did things. However, the wealth Rockefeller, Morgan, and Carnegie collected wasn’t the problem rather than the way they got their wealth was more so seen as the problem. Although they had an ongoing effect on America and even modern day, today there could still have been a better way in making other people’s life easier and better not just theirs. Therefore, John D. Rockefeller, Andrew …show more content…

The fields that John D. Rockefeller, Andrew Carnegie, as well as J.P. Morgan were completely different in what they were good at and what field they were involved in. John D. Rockefeller was involved with steel and he made so much and rose to the top through his business in the petroleum aspect and gained a lot of power and money in doing that. Andrew Carnegie was involved with steel and gained so much money through rising to the top in the steel industry and was known for his tough business decisions and overall his power. J.P. Morgan was very powerful in the banking industry and overall was the smartest businessman at that time and overall the most powerful because he played his strategies the best. The route that all of these men took different approaches in business aspect of the world and took the world by storm by the way they raised up gained money and power and was very …show more content…

Rockefeller he was famous in taking control in the business of petroleum and created a business called Standard Oil and took the world by storm in creating a technique that helped him rise to the top and gain a lot of money. All three guys were involved in two special techniques that made many of the “common man” because it benefited the richest, most powerful men and not more of the “common man”. Those techniques were called the “horizontal and vertical integration” which helped the, “biggest and the baddest” in the business industry not the “common man” and those techniques were either, buying out your competition so your business has a better chance in getting to the top of the industry, or you create all the parts you need to create your product so you don’t have to everytime buy the individual parts for you product and pay more but rather charge more since you create the entire product within that one company. But, one thing that didn’t touch the richest and the wealthiest people was the Chinese Exclusion Act which only affected the “common man” and after the Chinese Exclusion Act happened, the richest people because cheap labor gave them better opportunities because they got to keep as much money that they wanted because they don't need to pay them a lot and they kept producing the same product for the same price to therefore make more money. The oil company that John D. Rockefeller created was highly

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