Words of Wisdom:
"Real racers drive straight to the finish line, those other guys just drive in circles looking for it."
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Oil Essay
- Date Submitted: 11/26/2012 08:51 PM
- Flesch-Kincaid Score: 59.2
- Words: 412
- Essay Grade: no grades
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John D Rockefeller and Andrew Carnegie were entrepreneurs that improved the US economy significantly. In the late 1800’s United States were desperate on boosting the economy after the terrifying civil war. The last hope was to improve the economy by cutting the oil prices and doubling up in sales. This resulted in boosting the economy magnificently. In addition, benefits includes producing school and hospitals. This plays a huge part of this over heated debate.
“In 1860, the nation's total wealth was $16 billion; by 1900, it was $88 billion.” (Apple, 2003) As you can tell the economy has rose significantly throughout the late 1800’s to 1900’s. The only two monopolies was owned by John D Rockefeller and Andrew Carnegie. America’s economy grew by more than 400% between 1860 and 1900. In addition, Andrew Carnegie and John D Rockefeller had the biggest business during the time. Other small businesses gave no competition to the one owned by Carnegie and Rockefeller.
“Rockefeller gave $180 million to the head of "The Country School of To-Morrow," Frederick Gates, where young and old will be taught in practicable ways.” (Apple, 2003) Rockefeller obviously cared about peoples education. This flipped the economy because school ends up in having more job. The root of a job is having a privately owned business. Although there was no competition against the top dog (Rockefeller and Carnegie), they at least give people opportunity.
Carnegie’s steel company made this economy sky rocket through the roof. Metal in the late 1800‘s were high in demand. Carnegie had a bigger company than all of great Britain's combined. This steel industry was rapidly growing day by day. By the end of Carnegie’s career, he decided to sell his company and donate a large amount of money for good causes. For example, there were over 2,500 libraries build by using his...
“In 1860, the nation's total wealth was $16 billion; by 1900, it was $88 billion.” (Apple, 2003) As you can tell the economy has rose significantly throughout the late 1800’s to 1900’s. The only two monopolies was owned by John D Rockefeller and Andrew Carnegie. America’s economy grew by more than 400% between 1860 and 1900. In addition, Andrew Carnegie and John D Rockefeller had the biggest business during the time. Other small businesses gave no competition to the one owned by Carnegie and Rockefeller.
“Rockefeller gave $180 million to the head of "The Country School of To-Morrow," Frederick Gates, where young and old will be taught in practicable ways.” (Apple, 2003) Rockefeller obviously cared about peoples education. This flipped the economy because school ends up in having more job. The root of a job is having a privately owned business. Although there was no competition against the top dog (Rockefeller and Carnegie), they at least give people opportunity.
Carnegie’s steel company made this economy sky rocket through the roof. Metal in the late 1800‘s were high in demand. Carnegie had a bigger company than all of great Britain's combined. This steel industry was rapidly growing day by day. By the end of Carnegie’s career, he decided to sell his company and donate a large amount of money for good causes. For example, there were over 2,500 libraries build by using his...
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