Presentation on theme: "Andrew Carnegie John D. Rockefeller J.P. Morgan. Andrew Carnegie (1835-1919) A Scottish-American industrialist who led the enormous expansion of the American."— Presentation transcript:
Andrew Carnegie (1835-1919) A Scottish-American industrialist who led the enormous expansion of the American steel industry in the late 19th century. He was among the most famous and wealthy industrialists of his day.
Andrew Carnegie controlled every aspect of steel production: Shipping on the Great Lakes Railroad transportation Storage and production facilities Carnegie Steel produced more steel than any country in the world
John D. Rockefeller An American business magnate and philanthropist. He was a co-founder of the Standard Oil Company, which dominated the oil industry and was the first great U.S. business trust. (1839-1937)
Originally Standard oil controlled the kerosene (used for lights and street lamps) market. When electricity replaced kerosene for lights Standard oil switched to gasoline to power internal combustion engines in machines and automobiles.
J.P. Morgan An American financier, banker, philanthropist and art collector who dominated corporate finance and industrial consolidation during his time. He bought the Carnegie Steel Company in 1901 for $500 million to create U.S. Steel. (1837-1913)
J.P. Morgan dominated the financial world. He bought struggling companies and merged them to create industrial giant that dominated markets. Financed and organized the General Electric Company. Purchased Carnegie Steel and merged it with several other companies to create U.S. Steel Controlled numerous railroad companies In 1890–1913, J.P. Morgan was involved in 42 major corporations.