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The Industrialists

The Industrialists. Cornelius Vanderbilt. Who : American-born industrialist Where : New York How : built wealth from shipping (steamships) and railroads. http://www.history.com/topics/cornelius-vanderbilt/videos#the-men-who-built-america-the-rise-of-cornelius-vanderbilt. Andrew Carnegie.

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The Industrialists

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  1. The Industrialists

  2. Cornelius Vanderbilt Who: American-born industrialist Where: New York How: built wealth from shipping (steamships) and railroads http://www.history.com/topics/cornelius-vanderbilt/videos#the-men-who-built-america-the-rise-of-cornelius-vanderbilt

  3. Andrew Carnegie Who: Scottish-born American industrialist & philanthropist How: built wealth from steel industry (Bessemer Process) Where: Pennsylvania (Pittsburgh) Used: Vertical Integration= controlled all parts of steel process to increase profits (railroad, coal, iron, ships) http://www.history.com/topics/cornelius-vanderbilt/videos#andrew-carnegie

  4. John D. Rockefeller Who: American industrialist & philanthropist How: built wealth from petroleum industry Where: Ohio (Cleveland) Used: Horizontal Integration= controlled all of the petroleum industry (bought all the refineries = Monopoly) http://www.history.com/topics/cornelius-vanderbilt/videos#john-d-rockefeller-oil-money-and-power

  5. J.P. Morgan Who: American banker How: built wealth from banking & financing industry Where: New York Used: Industrial Consolidation= buying, selling, dividing, and combing companies (merged and created General Electric & United States Steel Corporation) http://www.history.com/topics/cornelius-vanderbilt/videos#jp-morgan-battles-coal-miners-in-1902

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