Who: American-born industrialist Where: New York How: built wealth from shipping (steamships) and railroads

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Presentation transcript:

Who: American-born industrialist Where: New York How: built wealth from shipping (steamships) and railroads men-who-built-america-the-rise-of-cornelius-vanderbilt Cornelius Vanderbilt

Who: Scottish-born American industrialist & philanthropist How: built wealth from steel industry (Bessemer Process) Where: Pennsylvania (Pittsburgh) Used: Vertical Integration = controlled all parts of steel process to increase profits (railroad, coal, iron, ships) vanderbilt/videos#andrew-carnegie Andrew Carnegie

Who: American industrialist & philanthropist How: built wealth from petroleum industry Where: Ohio (Cleveland) Used: Horizontal Integration = controlled all of the petroleum industry (bought all the refineries = Monopoly) John D. Rockefeller vanderbilt/videos#john-d-rockefeller-oil-money-and-power

Who: American banker How: built wealth from banking & financing industry Where: New York Used: Industrial Consolidation = buying, selling, dividing, and combing companies (merged and created General Electric & United States Steel Corporation) J.P. Morgan vanderbilt/videos#jp-morgan-battles-coal-miners-in-1902

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