Is he to be placed on a pedestal for others as a "captain of industry?" Always. What is Carnegie's plan to be the most profitable? Do remember that this whole virus issue is the game-plan of New York alone. Rockefeller completely fails to see that the flexibility of antitrust law in adjusting to economic conditions is its great strength, not weakness. John D. Rockefeller was an entrepreneur from the Get-Go. Who does Rockefeller compare his company with as a defense in court? After solving the problem of how to build the bridge, what new problem does Carnegie encounter? $480 million sold for, total networth $310 billion. What does Henry Bessemer provide to solve Carnegie's problem with the new substance? What big project (the biggest urban project in America up to that time) does Vanderbilt create in New York City? At the age of 7 he was raising chickens for a profit. How much does Ford pay his workers? Shuts down his oil wells near Pittsburgh so he doesn't give Scott and Carnegie any profits. In reviewing Ron Chernow's bestseller, Titan: The Life of John D. Rockefeller Sr., a New York Times writer argued that America's premier capitalist was, in fact, a Marxist.That's going way too far. What does Rockefeller’s new competition do that makes Rockefeller mad? This would greatly help the Rockefeller Empire is eliminating the Rothschilds vast global colonial holdings, which were managed by such European countries that still had colonial holdings in Africa, the Middle East, Asia and Latin America. Why did Rockefeller have to learn to work so hard? What is the first private residence in the world to be powered by electricity? What new invention does Edison create to prove that AC current is dangerous? Public is outraged over violence, man comes and shoots him but he survives. Because he knew that Westinghouse didn't have the money to fight and it would make him go under. What does Rockefeller promise Vanderbilt that he may not be able to keep? What does Mark Cuban (owner of the Dallas Mavericks) mean by "eating your own dog food"? What is the revolutionary new car that Ford mass produces and how much does it cost? Considered the wealthiest American of all time and a self-made man, he formed the Standard Oil Company in 1870—the world’s largest oil refinery of the time—just fifteen years after he landed a job as an assistant bookkeeper at age sixteen. Rockefeller will not build steel mill and Carnegie buys iron ore mine from Rockefeller, I believe Rockefeller because he still gets money out of it and he already helped Carnegie's competitors. Age 40 (1879) - Rockefeller shuts down 31 of 53 refineries, building 3 super refineries to save costs and improve efficiencies John D Rockefeller's (Standard Oil's) Market Share Of The World's Oil Refining Philanthropy. Has an elephant cross it because there was a superstition that an elephant wouldn't cross an unstable surface. Where is the laboratory of this inventor? Take companies that are fighting, put them together, manage them together, and prioritizing profits while eliminating inefficiencies. Who does Morgan turn to for help to build his own business empire? Who wins the new contest between Rockefeller and Carnegie? The itinerant William Rockefeller also lived a double life posing as an eye-and-ear specialist … How does the court rule in A.L.A.M. Who does the working class public put their trust in to take on powerful business leaders like Rockefeller, Carnegie, and Morgan? Find a way to cross the Mississipi River with a bridge. 26. Missing the train he was to take keeps him from being in a railroad accident which would have killed him. What company that becomes one of America's biggest does JP Morgan control? How much money do Rockefeller, Carnegie, and Morgan give to the presidential election? The Commodore, He makes a large shipping company (he is a strong business man.). How does Frick respond to what the workers want? What does Rockefeller's new competition do that makes Rockefeller mad? What does Rockefeller do with all of the profit he will make by playing the railroads against each other and what do we call it today? Gives money to a lot of places, including building Carnegie Hall in NYC. He is ruthless. By 1890, his company, Standard Oil … Undeterred, though vilified for the first time by the press, Rockefeller continued with his self-reinforcing cycle of buying the least efficient competing refiners, improving the efficiency of his operations, pressing for discounts on oil shipments, undercutting his competition, making secret deals, raising investment pools, and buying rivals out. Because he blames Tom Scott's death on him. What new politician's attention is captured by Rockefeller, Morgan, and Carnegie? After Vanderbilt dies (of old age), who becomes Rockefeller's new competition? They have been accused of conspiracies of all kinds, from Extra-Terrestrial origins to market manipulations to owning the banking system to marijuana prohibition. Why do Americans fear kerosene and how does Rockefeller calm those fears? According to Donald Trump (Real Estate Mogul and Nick Hartman's hero) besides being smart and having vision, what trait does the most successful people in life exhibit? What company had to give Ford their permission before Ford could build his car and why? v. Ford Motor Company? Print more stock certificates to make Vanderbilt's stock worthless by watering them down in a way. Whoever wins the contract will own the pre-eminent electrical company in the world. Builds skyscrapers (because so many people are moving to cities.). Bought out his competitors, horizontal integration (type of monopoly.). Rockefeller loved to tell the story of the time an irate contractor burst into his office and laid into him with an angry tirade. What event allows J.P. Morgan to continue investing in electricity despite his father's objection? What industry is threatened by electricity and the electric light bulb? He went to Mr. Scott, his competitor, and decided together to pull all of Rockefeller's deals. By all the money he earns from selling his shipping company he invests in the railroads. To Retire and become the richest and biggest philanthropist. What companies are ruling America in the early 1900s? Israel has not as yet been fully “Trumped”, but it is getting there soon. After Vanderbilt dies (of old age), who becomes Rockefeller’s new competition? So he used the classic strategy of “problem-reaction-solution.” That is, create a problem and scare people, and then offer a (pre-planned) solution. Car in 1 and a half hours. In 1874 his former biggest competition, the major New York refiner Charles Pratt and Company, made a deal to be acquired by Rockefeller, and their leaders Charles Pratt and Henry H. … Featured image credit: Wikimedia:Public domain . 12. When the railroads aren't building new lines any longer, where does Carnegie turn to sell steel? What nickname does Cornelius Vanderbilt acquire and how does he acquire it? What obstacle does Carnegie run into and what substance allows Carnegie to solve the problem? Rockefeller, him scoring the deal with Vanderbilt gave him an edge against others. His father left, and he had to earn money for the family. Or should he be demonized as a "robber baron." Why doesn't the government go after JP Morgan's monopoly company? To Rockefeller, the solution was simple—ignore her. ), NYSE shut down (normally only happened for passing of President.). His description of the Sherman Act’s passing as a “powerful countercharge to Rockefeller’s war on competition” is woefully inaccurate: not only was Sherman’s bill not intended to empower the “U.S. The New York City program demonstrates the family’s ongoing loyalty to the city, while RBF’s international development programs show the interconnectedness of different nations and cultures. In 1870, Rockefeller founded Standard Oil Company, which eventually became a domineering monopoly in the oil industry. They lost cargo and therefore began to lose money. Niagara Falls - world's largest power plant is built, electricity goes national. (How does he perceive it?). Why does Carnegie want revenge on Rockefeller? 13. Shuts down his oil wells near Pittsburgh so he doesn't give Scott and Carnegie any profits. Sumner Redstone (majority owner of Viacom & CBS) claims that a successful business owner objective should be what? 11.) What was Andrew Carnegie's background (his life as a young man and as he grows into an adult)? Steel solves problem, bridge was hard to build without it because the bridge was so big. What was Andrew Carnegie’s background (his life as a young man and as he grows into an adult)? According to Carly Fiorina (Former CEO of Hewlett-Packard), what do successful people learn to overcome? It made it so they couldn't fill the trains. 25. Who loses (besides the one man Rockefeller was competing against)? What is the problem with this new substance? What do the employees of the steel mill want? How do Rockefeller and Morgan make Roosevelt irrelevant in the political world? 11. By Jon Rappoport (To read about Jon’s mega-collection, The Matrix Revealed, click here.) What does Rockefeller's new competition do that makes him mad? Obama: Rockefeller’s man in the White House close to total victory By TS on June 29, 2015 • ( 0). How does Rockefeller react to Vanderbilt's move? What happens to John D Rockefeller after losing the court case? There were a lot. What does Morgan do to take advantage of Westinghouse's debts? Critics accused Rockefeller … Over $200,000 each, equivalent of $20 million today (McKinley outspends Bryan 5:1.). Rockefeller sat with back turned, hunched over a writing desk until the tongue-lashing ran its course. Standard Oil gasoline stations (fuel Ford cars), cars built using Carnegie Steel in factories powered by Morgan's electricity. What does Bryan do to campaign that had not been done before? What does Rockefeller do in return? What does Rockefeller’s new competition do that makes Rockefeller mad? What does Vanderbilt do to regain an advantage over Rockefeller? What is America's greatest innovation (according to the film)? It was expensive and had a long manufacturing time. What does Rockefeller do in return? What does Ford do while waiting for the court's decision on whether he has infringed on patents? Moreover, the extreme nature of Rockefeller's wholesale assault on antitrust makes some of his assertions just plain silly. How did the Rockefellers shape the modern art market? Rockefeller saw the cutthroat competition in the oil industry as a ruinous influence and began methodically stamping it out. Tells people subtly that Westinghouse is an unstable company so investors start to sell off and Westinghouse goes bankrupt. Buys a big iron ore mine (stops Carnegie from buying it) and starts supplying it to Carnegie's competitors at rock bottom prices. Who does Frick call in and what do they do? John D. Rockefeller used his vast wealth to have a major affect on medicine, education and scientific research. Exxon, Mobile, Chevron all become corporate giants and he is a shareholder in each company, made more money than he had ever made in his life (net worth $660 billion in today's money. What does America have to offer the world in World War I? Why did Vanderbilt want control of the Erie Rail Line and how did he attempt to get it? That he will fill Vanderbilt's trains with his oil. What happens to Ford after he wins and what does he do? Tesla forgoes his claim to his patents and tears up his contract with Westinghouse. Was it fair? Following the passing of David Rockefeller – John’s youngest grandchild and the world’s oldest billionaire at the grand age of 101 – in March, World Finance takes a look at his family’s fascinating history and the legacy left by the Rockefellers. How does Vanderbilt acquire nearly half of all the railroads across America? What does Frick do behind Carnegie's back? Carnegie more than $350 million (in that time's dollars) - education and libraries mostly Rockefeller outlives Carnegie by 13 years, gives more away because also had a bigger net worth, donated millions to his church and universities, then at 73 created Rockefeller Foundation $100,000,000 ($38 billion today) - public health issues. And that means bringing in more money from the non-Rockefeller megarich, who now account for about half of the $5.5 billion under Rockefeller management. What did the court accuse Rockefeller of doing? Which organization withstood the government the longest? What other companies learn from Ford to sell to the masses and provide a livable wage for workers? The objective is to win. ), Strike and barricade the front of the plant so no one can enter (barricading themselves in.). How much money does Morgan give to Edison? Don't ignore because it could have dire consequences. What is the new contest between Rockefeller and Carnegie? Slash their workforces, those still working had to work longer hours for less pay. Shuts down his oil wells near Pittsburgh so he doesn’t give Scott and Carnegie any profits 24. Who wins between Rockefeller and his new competition? What does Scott want Carnegie to do to launch Scott's railroad? "A man who dies rich dies disgraced", millionaire should give away all of his money. So, like an upstart Internet firm or a trendy retailer, the Rockefellers have rolled out their own Web site. Who wins between Rockefeller and his new competition? Dangerous, causes fires, names his company "Standard Oil" because he guarantees that he makes his the same way every time and therefore it is more safe than other companies' product. Tells papers that he wouldn't have handled the strike like Frick did. What deal do Carnegie and Rockefeller make? 12.) Pinkertons (army for hire) - fired on the strikers, killing 7 with many others injured. Home › Corruption › Obama: Rockefeller’s man in the White House close to total victory. What is the ultimate result of Rockefeller's move against Vanderbilt and the railroads? He tried to frighten the public by showing that electricity is not as safe as kerosene (oil.). What does Rockefeller's new competition do that makes Rockefeller mad? He sells his shipping company because he knows that the railroad system is about to become big. Where does Morgan/Edison's biggest threat come from? What does Edison claim will be the downfall of their competition? In one instance in 1913, Harvey Pratt Judson, an educational man owned by Rockefeller, made it clear that he and Rockefeller did not believe there should be a minimum wage.They believed that “every man and woman, boy and girl gets just the wages they are worth.” Personal endeavors. According to Carnegie, what should a rich man do with his money? Complete takeover of Andrew Carnegie's empire. What does Rockefeller do in return? After an employee dies, what does Frick do? Bessemer process makes it cheaper and easier to manufacture, shorter time. The problem of convincing people the bridge is safe. US STEEL, STANDARD OIL, AND GENERAL ELECTRIC. How does Ford inadvertently help Rockefeller and JP Morgan? His family could not survive without sending him to work (at age 12). (Similar to terrorism scare, followed by the “Patriot Act”). A robber baron, by definition, was an American capitalist at the turn of the 19th century who enriched himself upon the sweat of others, exploited natural resources, or possessed unfair government influence. After the bridge is built, what does Carnegie do to convince the public that the bridge is safe? total of $530 million, today over $100 billion. Forces them to work harder and produce more steel to stockpile in case there is a strike. Who is Henry Frick and what does he provide for Carnegie? How much money does Carnegie end up with in terms of today's money? 5.) He came from a poor family. John D. Rockefeller: American oil tycoon, philanthropist, and billionaire. How do Rockefeller and Carnegie "morganize" their own companies? Going to build an oil pipeline of their own 23. They are going to build an oil pipeline of their own. Why does Frick lower the damn holding back the water over Jamestown? Rockefeller Family The Rockefellers are an old family with deep links to the oil industry and many other sectors. What event changes the outlook of the man from Cleveland? HIGHLY TOXIC, HIGHLY FLAMMABLE: THE FUTURE John D. Rockefeller (July 8, 1839–May 23, 1937) was an astute businessman who became America’s first billionaire in 1916. After Vanderbilt dies (of old age), who becomes Rockefeller's new competition? Perfected mass production. Who loses (besides the one man Rockefeller was competing against)? What does Rockefeller do in return? Doesn't like how the road is on the way to the South Fork Fishing and Hunting Club, not wide enough for his carriage. 23. Sent each other insulting Christmas presents (Carnegie received a paper vest, Rockefeller received a bottle of whiskey). What does Rockefeller do to try to save his empire? What does Morgan do to help the United States government? What does Rockefeller do in return? What invention does this man provide that Morgan will take advantage of? What allows cities to stop expanding outward and to start expanding upward? Sues Morgan's company in federal court (first anti-trust court case), Roosevelt wins and monopoly is broken up. What does Rockefeller's new competition do that makes Rockefeller mad? Whatever conclusions can be drawn, Rockefeller's impact on the American economy de… Going to build an oil pipeline of their own. From the American perspective, New York wanted Hitler to attack Western Europe and take it over. Your opinion, who becomes Rockefeller 's new competition do that makes Rockefeller mad Trumped ”, it. That he may not be able to keep to lose money to investors... Election of 1896 Morganize '' their own and biggest philanthropist want Carnegie solve. To work so hard he blames Tom Scott 's railroad company regain an advantage over Rockefeller left, Carnegie. 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