Warning: Use of undefined constant referer - assumed 'referer' (this will throw an Error in a future version of PHP) in /usr/home/essaywo/public_html/essays on line 102

Warning: Use of undefined constant host - assumed 'host' (this will throw an Error in a future version of PHP) in /usr/home/essaywo/public_html/essays on line 105

Warning: Cannot modify header information - headers already sent by (output started at /usr/home/essaywo/public_html/essays:102) in /usr/home/essaywo/public_html/essays on line 106

Warning: Cannot modify header information - headers already sent by (output started at /usr/home/essaywo/public_html/essays:102) in /usr/home/essaywo/public_html/essays on line 109
Corporate Development During T - School Essays

Corporate Development During T


he Industrial Revolution
The Standard Oil Company founded by John D. Rockefeller and the U.S. Steel Company founded by Andrew Carnegie. The Standard Oil Company and U.S. Steel Company were made successful in different ways due to the actions of their different owners. The companies differed in their labor relations, market control, and structural organization.
In the steel industry, Carnegie developed a system known as vertical integration. This means that he cut out the middle man. Carnegie bought his own iron and coal mines because using independent companies cost too much and were inefficient. By doing this he was able to undersell his competetors because they had to pay the ...

Want to read the rest of this paper?
Join Essayworld today to view this entire essay
and over 50,000 other term papers

methods of management their businesses were still very successful (Conlin, 425-426).
Tycoons like Andrew Carnegie, "the steel king," and John D. Rockefeller, "the oil baron," exercised their genius in devising ways to circument competition. Although, Carnegie inclined to be tough-fisted in business, he was not a monopolist and disliked monopolistic trusts. John D. Rockefeller came to dominate the oil industry. With one upward stride after another he organized the Standard Oil Company, which was the nucleus of the great trust that was formed. Rockefeller showed little mercy. He believed primitive savagery prevailed in the jungle world of business, where only the fittest survived. He persued the policy of "ruin or rule." Rockefeller's oil monopoly did turn out a superior product at a relatively cheap price. Rockefeller belived in ruthless business, Carnegie didn't, yet they both had the most successful companies in their industries. (The American Pageant, pages ...

Get instant access to over 50,000 essays.
Write better papers. Get better grades.


Already a member? Login


CITE THIS PAGE:

Corporate Development During T. (2005, November 6). Retrieved March 29, 2024, from http://www.essayworld.com/essays/Corporate-Development-During-T/36087
"Corporate Development During T." Essayworld.com. Essayworld.com, 6 Nov. 2005. Web. 29 Mar. 2024. <http://www.essayworld.com/essays/Corporate-Development-During-T/36087>
"Corporate Development During T." Essayworld.com. November 6, 2005. Accessed March 29, 2024. http://www.essayworld.com/essays/Corporate-Development-During-T/36087.
"Corporate Development During T." Essayworld.com. November 6, 2005. Accessed March 29, 2024. http://www.essayworld.com/essays/Corporate-Development-During-T/36087.
JOIN NOW
Join today and get instant access to this and 50,000+ other essays


PAPER DETAILS
Added: 11/6/2005 11:16:43 PM
Category: Miscellaneous
Type: Premium Paper
Words: 546
Pages: 2

Save | Report

SHARE THIS PAPER

SAVED ESSAYS
Save and find your favorite essays easier

SIMILAR ESSAYS
» Corporate Development During Th...
» Corporate Development During Th...
» Corporate Globalization
» Compaq Computers
» Corporate Downsizing
» Human Resource Challenges In T
» Total Quality Management In Con...
» History Of The Internet
» Video Games: The High Tech Thr...
» Review of The Great Crash: 1929...
Copyright | Cancel | Contact Us

Copyright © 2024 Essayworld. All rights reserved