Andrew Carnegie, John Davison Rockefeller, and John Pierpont Morgan: Captains of Industry

In the years after the Civil War, the US economy suffered from extreme turmoil. However, from the late nineteenth century to the early twentieth century, important leaders of the American industry industry emerged, essentially the American financial system shifted from turmoil to efficiency. These powerful people formed the United States into a superpower of the world and the economy of the country caused paralysis worldwide. The contribution to their business not only had a positive impact on the US economy but also had a positive impact on society. Andrew Carnegie, John Davison Rockefeller, and John Pierpont Morgan reflect the vast industrial era of the United States.

So-called industrial leaders from John D. Rockefeller of Standard Industry Company, Andrew Carnegie of Carnegie Steel, and J. Pierpont Morgan, a powerful bank manager overseeing many industries, became the household name. Although their strategy is not always fair, at the time there were few laws regulating business conduct. However, the prosperity of the United States has not reached the benefit of everyone. In the huge wealth of the new economic elite, huge poverty. How will you succeed while others try to put food on the table? When new attitudes towards wealth start to emerge, Americans fight this big problem.

Rockefeller is the first company to collect billions of dollars. He has 6% of all American funds in his life. Frankly, John D. Rockefeller, Andrew Carnegie and JP Morgan Chase are the majority of the wealth of the country. Three have a total of 1 trillion dollars, and the rest of the United States is poor.

In 1901, banker John Pierpont Morgan (1837-1913) bought Carnegie Steel for $ 480 million and Andrew Carnegie became one of the world's richest people. In the same year, Morgan merged Carnegie Steel with other steel businesses and founded the world's first multi-billion dollar company, US Steel Corporation. After Carnegie sold the steel company, a short Titan 5 feet 3 inches tall retired and retired to participate in charity. In 1889, he wrote an article called "the gospel of wealth". There, he says, "We have a moral obligation to distribute in such a way as to promote the happiness and happiness of ordinary people." It's such a shameful thing. "

In 1900, John Pierpont Morgan served as head of the National Tube Company. Carnegie decided to compete with Morgan by developing its own tube manufacturing plant. Surprisingly, Morgan proposed to buy Carnegie's steel empire. Carnegie initially refused the offer, but eventually agreed. Carnegie sold his steel empire for 480 million. Briefly, Carnegie has contributed to American society and the world by developing a way to manufacture steel in a cheap way without wasting time and effort. By developing this product, it can promote the development of other industries. When he retired, he devoted his life to the education of his last life, and everyone appreciated it. He passed away at the age of 84 in 1919.