His family could not survive without sending him to work (at age 12). Complete takeover of Andrew Carnegie's empire. Is he to be placed on a pedestal for others as a "captain of industry?" Dangerous, causes fires, names his company "Standard Oil" because he guarantees that he makes his the same way every time and therefore it is more safe than other companies' product. What industry is threatened by electricity and the electric light bulb? And then Rockefeller starts planning to build a new steel plant to rival Carnegies. They are going to build an oil pipeline of their own. How did the Rockefellers shape the modern art market? Undeterred, though vilified for the first time by the press, Rockefeller continued with his self-reinforcing cycle of buying the least efficient competing refiners, improving the efficiency of his operations, pressing for discounts on oil shipments, undercutting his competition, making secret deals, raising investment pools, and buying rivals out. The tycoons father, William Avery Rockefeller, was a traveling snake-oil salesman who posed as a deaf-mute peddler and hawked miracle drugs and herbal remedies. What does Rockefeller do to try to save his empire? What does Edison claim will be the downfall of their competition? Find a way to cross the Mississipi River with a bridge. Rockefeller … Born into modest circumstances in upstate New York, he entered the then-fledgling oil business in 1863 by investing in a Cleveland, Ohio, refinery. The gap between what two groups has grown greater than at any other time? When the railroads aren't building new lines any longer, where does Carnegie turn to sell steel? Some images used in this set are licensed under the Creative Commons through Flickr.com.Click to see the original works with their full license. By Jon Rappoport (To read about Jon’s mega-collection, The Matrix Revealed, click here.) What do Rockefeller and Carnegie do for each other as part of their rivalry? What does Rockefeller's new competition do that makes Rockefeller mad? So he used the classic strategy of “problem-reaction-solution.” That is, create a problem and scare people, and then offer a (pre-planned) solution. Always. Rockefeller completely fails to see that the flexibility of antitrust law in adjusting to economic conditions is its great strength, not weakness. $5/day, highest rate at that time. Who does the world look to for help in World War I? What obstacle does Carnegie run into and what substance allows Carnegie to solve the problem? Why do Americans fear kerosene and how does Rockefeller calm those fears? Because he blames Tom Scott's death on him. 23. By 1890, his company, Standard Oil … What does Vanderbilt decide that he needs to do to finally control a majority of the railroads in America? Niagara Falls - world's largest power plant is built, electricity goes national. What does Rockefeller do with all of the profit he will make by playing the railroads against each other and what do we call it today? In 1870, he established Standard Oil, which by the early 1880s controlled some 90 percent of U.S. refineries and pipelines. 5.) There were a lot. Home › Corruption › Obama: Rockefeller’s man in the White House close to total victory. "A man who dies rich dies disgraced", millionaire should give away all of his money. In your opinion, who comes out with the better deal between Vanderbilt and Rockefeller and Why? He tried to frighten the public by showing that electricity is not as safe as kerosene (oil.). A robber baron, by definition, was an American capitalist at the turn of the 19th century who enriched himself upon the sweat of others, exploited natural resources, or possessed unfair government influence. Rockefeller will not build steel mill and Carnegie buys iron ore mine from Rockefeller, I believe Rockefeller because he still gets money out of it and he already helped Carnegie's competitors. 26. After Vanderbilt dies (of old age), who becomes Rockefeller’s new competition? What percentage of the voters went to the polls in the election of 1896? Slash their workforces, those still working had to work longer hours for less pay. Who loses (besides the one man Rockefeller was competing against)? Pinkertons (army for hire) - fired on the strikers, killing 7 with many others injured. Why did Vanderbilt want control of the Erie Rail Line and how did he attempt to get it? Standard Oil gasoline stations (fuel Ford cars), cars built using Carnegie Steel in factories powered by Morgan's electricity. John D. Rockefeller was an entrepreneur from the Get-Go. 12.) What is the court ruling in The People v. Standard Oil? They lost cargo and therefore began to lose money. Who wins between Rockefeller and his new competition? 11.) https://quizlet.com/161214476/the-men-who-built-america-1-flash-cards Gives money to a lot of places, including building Carnegie Hall in NYC. Where is the laboratory of this inventor? What does Rockefeller's new competition do that makes Rockefeller mad? It made it so they couldn't fill the trains. 22. After solving the problem of how to build the bridge, what new problem does Carnegie encounter? That he will fill Vanderbilt's trains with his oil. What other companies learn from Ford to sell to the masses and provide a livable wage for workers? HIGHLY TOXIC, HIGHLY FLAMMABLE: THE FUTURE What a brilliant move on the part of the Rockefellers to bring Israel to heel, so that Israel will learn to carry out the orders from New York. Who taught this man the industry he rules? What was Andrew Carnegie’s background (his life as a young man and as he grows into an adult)? Ahead of the sale of the David and Peggy Rockefeller collection at Christie’s this week, the family's archivist examines their approach. Who does Frick call in and what do they do? Why did Roosevelt feel that he was more important than Rockefeller or Morgan? Who was the target of Williams Jennings Bryan? Exxon, Mobile, Chevron all become corporate giants and he is a shareholder in each company, made more money than he had ever made in his life (net worth $660 billion in today's money. What does Rockefeller promise Vanderbilt that he may not be able to keep? What event allows J.P. Morgan to continue investing in electricity despite his father's objection? After Vanderbilt dies (of old age), who becomes Rockefeller's new competition? Featured image credit: Wikimedia:Public domain . The objective is to win. How do Rockefeller and Carnegie "morganize" their own companies? Who wins the bid to light up Chicago's World Fair? Whoever wins the contract will own the pre-eminent electrical company in the world. So, like an upstart Internet firm or a trendy retailer, the Rockefellers have rolled out their own Web site. Rockefeller’s ambition was vested in oil, not the idea of indoor lighting. Has an elephant cross it because there was a superstition that an elephant wouldn't cross an unstable surface. The problem of convincing people the bridge is safe. Double the rate of most US factories. After Vanderbilt dies (of old age), who becomes Rockefeller's new competition? Loaned the country money when the country was in trouble. What does Mark Cuban (owner of the Dallas Mavericks) mean by "eating your own dog food"? The Commodore, He makes a large shipping company (he is a strong business man.). What does J.P. Morgan call his new company? How much money does Rockefeller give away in today's money? 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