scroll to top
Stuck on your essay?
Get ideas from this essay and see how your work stacks up
Word Count: 574
John D Rockefeller and the US Steel Companyfounded by Andrew Carnegie The Standard Oil Company and US Steel Company were madesuccessful in different ways due to the actions of their different owners The companies differedin their labor relations market control andIn the steel industry Carnegie developed a systemknown as vertical integration This means thathe cut out the middle man Carnegie bought his own iron and coal mines because using independentcompanies cost too much and were inefficientBy doing this he was able to undersell his competetors because they had to pay the competitorsthey went through to get the raw materials Unlike Andrew Carnegie John D Rockefeller integrated his oil business from top to bottom his distinctive innovation in movement of American industry was horizontal This meant he followed one product through all its stages For examplerockrfeller controlled the oil when it was drilled through the refining stageand he maintained control over the refining process these two powerful men used two different methods of management their businesses were still very Tycoons like Andrew Carnegie the steel kingand John D Rockefeller the oil baron exercisedtheir genius in devising ways to circumentcompetition Although Carnegie inclined to be tough-fisted in business he was not a monopolist and disliked monopolistic trusts John D Rockefeller came to dominate the oil industry With one upward stride after another he organized the Standard Oil Company which was the nucleus of the great trust that was formed He believed primitive savagery prevailed in the jungle world of business where onlythe fittest survived He persued the policy of ruin or rule Rockefellers oil monopoly did turn out a superior product at a relatively cheap price Rockefeller belived in ruthless business Carnegie didnt yet they both hadthe most successful companies in their industriesThe American Pageant pages 515-518in the same manner that Andrew Carnegie treated his workers cruel and harsh The Standard Oil Company desperately wanted every possible company to buy their products StandardOil used ruthless tactics when
@Kibin is a lifesaver for my essay right now!!
- Sandra Slivka, student @ UC Berkeley
Wow, this is the best essay help I've ever received!
- Camvu Pham, student @ U of M
If I'd known about @Kibin in college, I would have gotten much more sleep
- Jen Soust, alumni @ UCLA