Robber+Barons+(1-3)

a. Andrew Carnegie -He worked as a telegraph operator and earned capital, which gave him a base for later success. -He formed the U.S. Steel Corporation -First in the world to have a market capitalization of over 1 billion dollars. -The positive impact of this company affected the people in that more steel was being used to build other factories. -One of the negative effects was pollution, naming Pittsburgh as one of the dirtiest cities in the U.S. -His dedication and love for education led him to find Carnegie Mellon University -He also was a bond salesman for an American enterprise -He also created Carnegie Steel Co. which was arguably the most profitable corporation in the world.

b. John D. Rockefeller: John D. Rockefeller transformed the petroleum industry and shaped the form of modern philanthropy. Rockefeller started the Standard Oil Company in 1870 with help from his brother and three other partners. The company grew and his wealth increased drastically, making him the first American billionaire as well as the richest man in history. Even after he retired, Rockefeller used his riches to advance other fields through philanthropy. Rockefeller also supported the South Improvement Company, a cartel to control freight rates. As a great businessman, he was constantly improving the industry. Standard Oil Company grew to nearly dominate all of oil refining and marketing in the US. As the oil industry is ever growing, the future is almost unpredictable. However, we can say that since the prices are increasing on oil, there will most likely be alternate fuels. Since research is already underway on these alternates, there will probably be some in the near future. Since these things are always improving and evolving into better ways, we predict that there will be many fuels that will be cheap and earth friendly. In the event of this, there will be little need for petroleum and the industry will eventually fail.

c. Henry Ford- i. American founder of the Ford Motor Company ii. Father of assembly lines/mass production iii. Introduced the Model T automobile -Low costing and efficient -Big business iv. Reforms of how to make cars more quickly and efficiently were things that Henry Ford dedicated himself to. v. First person to make an automobile with a combustible engine vi. His accomplishments have revolutionized transportation and American industry.



Group 3