Monopolies+with+Robber+Barons+and+Entrepreneurs


 * Monopolies With Robber Barons and Entrepreneurs-**These were the people who made the most of their opportunities and became the richest people to ever walk this earth. Most of these fortunate souls were not born with a silver spoon in their mouths. They had to work for everything they had, and thats what lead their wealth.

Edwin L. Drake drilled the first commercial oil well, and then others started to look for oil in other region.

Cornelius Vanderbilt began investing in railroads during the civil war by 1872 he owned New York Central Railroad.

John Rockefeller in 1870 he formed standard oil of ohio it became the most profitable refiner of ohio. Rockefeller was found bringing large shipments of oil over on railroads.

George Pullman made his fortune by designing and building sleeper cars that made long distant travel more comfortable.

Andrew Carnegie formed U.S. Steel which would go onto making him one of the tycoons that would stand out from the rest. As industries grew the structure of industries changed business were starting to be owned by the stockholders and the board of directors started making the decisions with the day to day stuff begin run by corporation officers. investment money begin made by selling stocks and investors bound by the amount of investment this is the change of industry to a corporation.

Timeline: http://www.xtimeline.com/timeline/Monopolies-with-Robber-Barons-Entrepreneurs