The Men Who Built America

1. The Men Who Built America Andrew Carnegie John D. Rockefeller J.P. Morgan

2. Andrew Carnegie (1835-1919) A Scottish-American industrialist who led the enormous expansion of the American steel industry in the late 19th century. He was among the most famous and wealthy industrialists of his day.

4. Andrew Carnegie controlled every aspect of steel production: • Shipping on the Great Lakes • Railroad transportation • Storage and production facilities • Carnegie Steel produced more steel than any country in the world

6. John D. Rockefeller (1839-1937) An American business magnate and philanthropist. He was a co-founder of the Standard Oil Company, which dominated the oil industry and was the first great U.S. business trust.

7. Originally Standard oil controlled the kerosene (used for lights and street lamps) market. • When electricity replaced kerosene for lights Standard oil switched to gasoline to power internal combustion engines in machines and automobiles.

10. J.P. Morgan (1837-1913) An American financier, banker, philanthropist and art collector who dominated corporate finance and industrial consolidation during his time. He bought the Carnegie Steel Company in 1901 for $500 million to create U.S. Steel.

11. J.P. Morgan dominated the financial world. • He bought struggling companies and merged them to create industrial giant that dominated markets. • Financed and organized the General Electric Company. • Purchased Carnegie Steel and merged it with several other companies to create U.S. Steel • Controlled numerous railroad companies • In 1890–1913, J.P. Morgan was involved in 42 major corporations.

15. The Legacy of The Men Who Built America Carnegie Hall – New York City Rockefeller Center – New York City Morgan Library– New York City