A great man, really, in charge of having possibly the biggest oil refinery company in the world. John Rockefeller gave $506,816,041.18 to various Baptist churches and missionaries, education boards, universities, and foundations before he died in 1937. The greatest act of generosity by this man, but what does this really mean? Rockefeller actually used these donations to improve their image and to have their name live on forever. This only leads one to believe how dangerous a man with so much power can be.
Through his investments and cooperation, Carnegie was wealthy enough to co-found his first steel company, just outside of Pittsburgh, in his early thirties. He remodeled the steel industry as he used vertical integration and maximized his profits. Before retirement, Carnegie basically owned an empire. After retirement, however, Carnegie was less concerned about his riches and more concerned about others. He wrote an essay called “The
The Gospel of Wealth was the most influential of his writings, however, in that Carnegie stressed that the wealthy had a moral obligation to give to philanthropic causes and serve as stewards of society. Four years later, in 1901, Carnegie was nearing the end of his business career and allowed J.P. Morgan to buy out his steel empire for an astonishing price of $480 million dollars (Ibid.). Morgan was able to create U.S. Steel, and Carnegie became the richest man in the world. Carnegie did not want to remain a shareholder in the steel company, however, so he put the $300 million in gold bonds that he received from the deal into a specially-built vault in New Jersey. He never wanted to see or touch any of the money (Swetnam and Smith 1993,
By: Chantel Vereen Although Benjamin Franklin has been dead for over 2 centuries, people are still enjoying the fruits of his labor. Franklin is considered to be the best scientist before Thomas Edison, as well as the greatest diplomat America has ever seen. He was an accomplished business man and a successful printer. He stood in the front ranks of the men who built the United States of America, as the only man who signed all four of these key documents in American history: The Declaration of Independence, the Treaty of Alliance with France, the Treaty of Peace (with Great Britain), and the Constitution of the United States of America. .
A tax on paper made it fairly expensive to print newspapers (Isaacs, 14). His writings got into the newspaper for many years anonymously when he was young. When Benjamin Franklin’s brother James was confined, Franklin was chosen as the right choice to take over the newspaper (Saari, 278). He is known as the first tabloid printer. His “Pennsylvania Gazette” made him skilled and wealthy, which allowed him to retire from printing at a fairly young age (Logan, 7).
Six years later, he worked his way up to become secretary to the local superintendent of the Pennsylvania Railroad. By 1865, Carnegie was so busy managing the money he had earned in dividends that he left his job at the Pennsylvania Railroad. He entered the steel business in 1873 after touring a British steel mill and witnessing the awesome spectacle of the Bessemer process in action. By 1899, the Carnegie Steel Company manufactured more steel than all the factories in Great Britain. Andrew Carnegie is considered hero for some people, but for some people the doubt continues today, and this because everyone has their own perspectives.
Charles Foster Kane, publisher of the New York inquirer and numerous other papers, and one of the richest men in the world, influenced America’s thinking for half a century. However, Kane is flawed, self-serving, destructive opportunist, a classic tragic figure doomed to fall. Because he had lots of money, Kane believed he could buy anything including the friendship and love. Message is simple: success, power, riches cannot replace love and tranquility. Many people walked out on Kane’s life: first wife Emily, the best friend Leland, and second wife Susan.
The story builds in up through the relationship of two very close brothers, they are young but and unexpirienced, but they are not dumb, on the contrary; they are very smart. Since the early ages the youngest brother (Lynman) realized that he had the ability to make money, at very early age he already owned a business that was later destroyed by a tornado, the worst that they had ever seen in that area. With the money he received along with some of his brother money (henry) they were able to buy a red olds.
Morgan & Company (after 1910 Morgan, Grenfell & Company), of London. By 1900, it was one of the most powerful banking houses of the world, focused especially on reorganizations and consolidations. How he organized his business/ new inventions Morgan is not satisfied with the achievements on the railroad industry, he quickly put sights on a new target - the steel industry. To this end, he founded the Federal Steel Company, after several hard, federal steel in business lay out their own position. At this time, the US steel industry rankings, sitting first chair is still steel magnate Carnegie, Morgan came in second, third, that around the Great Lakes have been buying up
Class 1 1/20/13 Richest Man in the World Essay In an era where life seemed too difficult to conquer the odds, people continued to work hard to be able to make at least some dollars for future needs, such as food, water and shelter. Many immigrants continued to transfer over from their pathetic excuses of lives to try to make better in America, hearing it was the land of opportunity. Many were able to find what they were looking for, especially one man who was able to go from working in the furnaces world as a child, to becoming a billionaire in the steel industry. In fact, he became the #1 steel king, in the world. Andrew Carnegie, self made billionaire in the world of steel, was a man who was living out the rich dreams, which he was able