History

Captin of industry things that Vanderbuilt did.

He helped Americans by shipping products all over the country, like Kerisean.

Helped a struggling business owner Rockefeller

Created Grand Central Station witch allowed Americans to travel further.

Created huge railroads

gave many people jobs.

How Vanderbilt was a robber Baron.

Created a monopoly in the railroad industry which gave him a lot of power.

Closed of the Albany Bridge which was the only train to New York, so they could not ship anything out or get anything or anyone in.

Made his prices severally low so other train industries could not compete and went bankrupt.

How Rockefeller was a captain of industry.

Created Standard oil

Made pipeline transport which was a very innovated thing to do, now he could get the oil to him and dosen’t have to rely on others

Donated millions when he retired.

Created the Rockefeller Plaza which help Americans get jobs and boost America confidence during the great deppresion

How Rockefeller was a Robber Baron.

Got a horizontal and vertical monopoly

Forced trains to give him draw backs with threatening them with his business.

Made many trains go bankrupt, and people in the train industries go jobless because of his pipeline transport.

Did not let others compete by lowering his prices so much other oil industries went bankrupt.

Why Carnegie was a Captain of industry.

Was very innovated, he created a bridge out of steel called the Eads bridge, this helped Americans by letting them get across the Mississippi river.

Gave many people jobs in the making of the bridge.

Created a large steel plant.

created a corporation by letting people buy stocks

Why Carnegie is a Robber Baron.

Hired Mr Frick

Made his workers at the steel plant work in brutal and unsafe conditions where some died, with no extra money.

Had the Home Stead Steel Strike which is where his workers went on strike so Mr Frick got a private police force to shoot at them, killing almost 10 innocent people.

Created the Johns Town flood by not caring about damaging the dam for his country club.

What is the shift from a single proprietor business to a corporation

A proprietor business is a private business, it turns into a corporation as it grows and gets more places. They eventually need people to buy shares for more money and everyday people own a tiny part of a big corporation.

What is a stock?

A stock is where a everyday person can buy and own a tiny part of a corporation.

Vertical integration

Is when you buy steps of what your producing.

Example: Rockefeller had Standard Oil then created Pipeline transport so he did not have to pay or rely on someone else to ship the oil to him.

Horizontal Integration

Is when you buy similar businesses or corporation of whatever you are producing so you are the only one producing that specific thing.

Example: Rockefeller bought out many oil refineries so everyone had to get their oil from him.