Rockeffeller

A detailed Summary of Rockeffeller

John D. Rockefeller and Andrew Carnegie were two great pioneers in American history. Rockefeller founded the Standard Oil Company and Andrew Carnegie founded the steel company. They did many great things in this country to help boost up industrial growth. Without both of their brains America would never have been the way it is now. There are many reasons why Andrew Carnegie and John D. Rockefeller were great pioneers of this country.

One way they were good pioneers was because in the steel industry, Carnegie made up a system that was known as vertical integration. Carnegie bought his own iron and coalmines because using single companies cost too much money. By him doing that he was able to undersell his competitors. Carnegie and Rockefeller's business went from top to bottom. They f

ollow one product through all its stages. Rockefeller controlled the oil when it was drilled, then he maintained the refining process, which he turned into gasoline. Even though these two different methods of controlling their businesses they were still very successful.

The success of the Standard Oil Company and The United States Steel Company was approved to the fact that their owners ran them with great ability. In this time period many new businesses were being formed and it took talented businessmen such as Carnegie and Rockefeller to get ahead and keep the companies running and make the money that were made in that time period. Those were some reasons why Carnegie and Rockefeller were successful in running their companies and by that they are considered great pioneers of their time.

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Approximate Word count = 543
Approximate Pages = 2 (250 words per page double spaced)

Category: People

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