Corporate Development During the Industrial Revolution in the US
Date Submitted: 09/17/2000 06:33:54
Category: / History / North American History
Length: 2 pages (600 words)
Category: / History / North American History
Length: 2 pages (600 words)
The Standard Oil Company founded by John D. Rockefeller and the U.S. Steel Company founded by Andrew Carnegie. The Standard Oil Company and U.S. Steel Company were made successful in different ways due to the actions of their different owners. The companies differed in their labor relations, market control, and structural organization.
In the steel industry, Carnegie developed a system known as vertical integration. This means that he cut out the middle man. …
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…talented businessmen to get ahead and keep the companies running and make the fortunes that were made during this period.
BIBLIOGRAPHY Conlin, Joseph R. History of the U.S.: Our Land, Our Time. pp. 425-426. 1985.
Bailey, Thomas A. and David M. Kennedy: The American Pageant. pp. 515-518. 1987.
Latham, Earl: John D. Rockefeller; Robber Baron Or Industrial Statesman? (Problems in American Civilization Series). pg. 39. 1949.
McCloskey, Robert Green: American Conservatism In The Age Of Enterprise 1865-1910. pg. 145. 1951.
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