History Of Tycoons

Essay by PaperNerd ContributorUniversity, Master's November 2001

download word file, 1 pages 0.0

Tycoons Tycoons of the late 19th century were effective captains of industry. They positively reflected the country and workers. John D. Rockefeller was a successful captain of industry. Andrew Carnegie was a successful captain of industry. Richard Sears was a successful captain of industry. These people had greatly effected America in political, economic and social aspects.

John D. Rockefeller was a successful captain of industry. He owned the Standard Oil Company. The Standard Oil Company was a successful company. He owned the drilling where the oil came from, the transportation to the factory where the oil was processed, the factory and the transportation to the gas stations. He was so rich that he lowered his prices causing other oil companies to go out of business. After a while most of the companies were gone.

Andrew Carnegie was a successful captain of industry. He owned US Steel. He had the first and the largest factory in Pittsburgh.

He owned all parts of the process. This made it cheaper because he didn't have to pay for anything else. Since he was so successful he donated 350 million to charities and to the funding of many libraries. He was the one who started vertical integration.

Richard Sears was a successful captain of industry. He owned the Sears Company. He offered new American inventions to farm families all over the country. He was the first to have a catalog sent all over the country. He started the Sears Department Stores of which still exist. He sold all kinds of things from his catalogues, things sometimes not available any other way. He was very successful.

Tycoons of the late 19th century were effective captains of industry. They positively affected the country and workers. They greatly effected America , politically, economically and socially. John D.