Whoever wins the contract will own the pre-eminent electrical company in the world. What new invention does Edison create to prove that AC current is dangerous? Rockefeller’s ambition was vested in oil, not the idea of indoor lighting. v. Ford Motor Company? Bought out his competitors, horizontal integration (type of monopoly.). Average work day, 8 hours five days a week. What company that becomes one of America's biggest does JP Morgan control? What does Rockefeller do to counter Vanderbilt's move against him? Why do Americans fear kerosene and how does Rockefeller calm those fears? Pinkertons (army for hire) - fired on the strikers, killing 7 with many others injured. What obstacle does Carnegie run into and what substance allows Carnegie to solve the problem? What does Rockefeller's new competition do that makes Rockefeller mad? Who wins the bid to light up Chicago's World Fair? By Jon Rappoport (To read about Jon’s mega-collection, The Matrix Revealed, click here.) What does Rockefeller do in return? What does it mean to "Morganize" a company? What does Rockefeller’s new competition do that makes Rockefeller mad? So, like an upstart Internet firm or a trendy retailer, the Rockefellers have rolled out their own Web site. Who loses (besides the one man Rockefeller was competing against)? Troops, supplies, weapons, resources to bring peace to the world. What is the revolutionary new car that Ford mass produces and how much does it cost? What do Jay Gould and Jim Fisk do to thwart Vanderbilt's plan to buy the Erie Rail Line? Who does Vanderbilt invite from Cleveland to New York to move his plan forward? 25. Who loses (besides the one man Rockefeller was competing against)? Israel has not as yet been fully “Trumped”, but it is getting there soon. He Secretly tried to buy up stock in the company. 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.” Why did Rockefeller have to learn to work so hard? Harley Davidson motorcycles, Hershey chocolate, Wrigley chewing gum, Max Factor cosmetics. What deal do Carnegie and Rockefeller make? 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. ), Strike and barricade the front of the plant so no one can enter (barricading themselves in.). Why did Vanderbilt want control of the Erie Rail Line and how did he attempt to get it? Niagara Falls - world's largest power plant is built, electricity goes national. Tells papers that he wouldn't have handled the strike like Frick did. In your opinion, who comes out with the better deal between Vanderbilt and Rockefeller and Why? After solving the problem of how to build the bridge, what new problem does Carnegie encounter? 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? 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. 1.) How does Rockefeller react to Vanderbilt's move? Who wins between Rockefeller and his new competition? What does Frick do behind Carnegie's back? Rockefeller saw the cutthroat competition in the oil industry as a ruinous influence and began methodically stamping it out. What does Rockefeller’s new competition do that makes Rockefeller mad? What does Rockefeller do to try to save his empire? What does America have to offer the world in World War I? Featured image credit: Wikimedia:Public domain . Forces them to work harder and produce more steel to stockpile in case there is a strike. Sumner Redstone (majority owner of Viacom & CBS) claims that a successful business owner objective should be what? Ahead of the sale of the David and Peggy Rockefeller collection at Christie’s this week, the family's archivist examines their approach. Who wins between Rockefeller and his new competition? Was it fair? What does Rockefeller’s new competition do that makes Rockefeller mad? What percentage of the voters went to the polls in the election of 1896? Loaned the country money when the country was in trouble. What does Rockefeller’s new competition do that makes Rockefeller mad? Critics accused Rockefeller … After Vanderbilt dies (of old age), who becomes Rockefeller’s new competition? Why doesn't the government go after JP Morgan's monopoly company? 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. What do the employees of the steel mill want? He is ruthless. At 13 he lent money to a neighboring farmer, and charged him interest. Bessemer process makes it cheaper and easier to manufacture, shorter time. Why is the electric power plant at Niagara Falls so important? 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. To Rockefeller, the solution was simple—ignore her. 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. … What does Carnegie do to make up for the Jamestown flood? What does Rockefeller do in return? https://quizlet.com/161214476/the-men-who-built-america-1-flash-cards Who has a bigger presence than Carnegie at Carnegie Hall? Now he is looking for ways to capitalize even further with his oil, and he comes across the idea of using coal tar – a petroleum derivative – to make substances that affect the human mind, body and nervous system. After Vanderbilt dies (of old age), who becomes Rockefeller's new competition? What was Andrew Carnegie’s background (his life as a young man and as he grows into an adult)? The smooth-talking huckster dubbed Devil Bill alternately fathered children, including the future industrialist, with his wife and mistress, the couples live-in housekeeper. According to Carly Fiorina (Former CEO of Hewlett-Packard), what do successful people learn to overcome? Because he blames Tom Scott's death on him. Then he spun around in his swivel chair, faced the scold, and coolly asked, “I didn’t catch what you were saying. He continues building and selling his cars. Build cars up to 8 times faster. What happens to Ford after he wins and what does he do? What other companies learn from Ford to sell to the masses and provide a livable wage for workers? Rockefeller, him scoring the deal with Vanderbilt gave him an edge against others. What does Scott want Carnegie to do to launch Scott's railroad? He tried to frighten the public by showing that electricity is not as safe as kerosene (oil.). Who does Morgan meet with instead of dealing directly with Carnegie? They are going to build an oil pipeline of their own. What does Bryan do to campaign that had not been done before? They are going to build an oil pipeline of their own. What risk does Vanderbilt take at the height of his shipping career just before the Civil War? The itinerant William Rockefeller also lived a double life posing as an eye-and-ear specialist … His father left, and he had to earn money for the family. Shuts down his oil wells near Pittsburgh so he doesn't give Scott and Carnegie any profits. Carnegie hires him to manage his steel mills, it works well because they are opposites. There is also a stylized new branding icon for the business. He had to support his family from a young age because his father was not around to do so. Where does Morgan/Edison's biggest threat come from? In 1870, he established Standard Oil, which by the early 1880s controlled some 90 percent of U.S. refineries and pipelines. Why did Roosevelt feel that he was more important than Rockefeller or Morgan? Why does Morgan threaten to take Westinghouse to court over AC patent infringement knowing he would lose the court case? It made it so they couldn't fill the trains. Because he knew that Westinghouse didn't have the money to fight and it would make him go under. What does Tesla do to allow Westinghouse to attract investors? ), NYSE shut down (normally only happened for passing of President.). The objective is to win. John D. Rockefeller used his vast wealth to have a major affect on medicine, education and scientific research. Find a way to cross the Mississipi River with a bridge. Personal endeavors. What do Rockefeller and Carnegie do for each other as part of their rivalry? To Retire and become the richest and biggest philanthropist. What does the assembly line make possible? THIS WEAKENS THE DAMN. Print more stock certificates to make Vanderbilt's stock worthless by watering them down in a way. Shuts down his oil wells near Pittsburgh so he doesn't give Scott and Carnegie any profits. After an employee dies, what does Frick do? The problem of convincing people the bridge is safe. John D. Rockefeller (July 8, 1839–May 23, 1937) was an astute businessman who became America’s first billionaire in 1916. total of $530 million, today over $100 billion. What was Andrew Carnegie's background (his life as a young man and as he grows into an adult)? How much does Ford pay his workers? What does Morgan do to help the United States government? And then Rockefeller starts planning to build a new steel plant to rival Carnegies. Who wins the new contest between Rockefeller and Carnegie? What is Carnegie's plan to be the most profitable? What event allows J.P. Morgan to continue investing in electricity despite his father's objection? What does Rockefeller's new competition do that makes Rockefeller mad? Individual Rockefeller family members also maintain their own funds for personal giving. He came from a poor family. Double the rate of most US factories. Who is Henry Frick and what does he provide for Carnegie? Where is the laboratory of this inventor? 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 a brilliant move on the part of the Rockefellers to bring Israel to heel, so that Israel will learn to carry out the orders from New York. Public is outraged over violence, man comes and shoots him but he survives. Born into modest circumstances in upstate New York, he entered the then-fledgling oil business in 1863 by investing in a Cleveland, Ohio, refinery. Rockefeller sat with back turned, hunched over a writing desk until the tongue-lashing ran its course. How much money does Carnegie end up with in terms of today's money? What does Rockefeller do to counter Vanderbilt’s move against him? After Vanderbilt dies (of old age), who becomes Rockefeller’s new competition? Who wins between Rockefeller and his new competition. Tells people subtly that Westinghouse is an unstable company so investors start to sell off and Westinghouse goes bankrupt. 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 Rockefeller promise Vanderbilt that he may not be able to keep? Who does the working class public put their trust in to take on powerful business leaders like Rockefeller, Carnegie, and Morgan? What happens to John D Rockefeller after losing the court case? Going to build an oil pipeline of their own 23. What allows cities to stop expanding outward and to start expanding upward? What big project (the biggest urban project in America up to that time) does Vanderbilt create in New York City? What does Henry Bessemer provide to solve Carnegie's problem with the new substance? That he will fill Vanderbilt's trains with his oil. What is the ultimate result of Rockefeller's move against Vanderbilt and the railroads? Who does Rockefeller compare his company with as a defense in court? Rockefeller completely fails to see that the flexibility of antitrust law in adjusting to economic conditions is its great strength, not weakness. Who taught this man the industry he rules? What was his secret? To end the competition, Carnegie buys up Rockefellers steel in return for his rival’s exit from the industry. At the age of 7 he was raising chickens for a profit. What is the problem with this new substance? What did the court accuse Rockefeller of doing? Why does Carnegie want revenge on Rockefeller? After Vanderbilt dies (of old age), who becomes Rockefeller’s new competition? Home › Corruption › Obama: Rockefeller’s man in the White House close to total victory. What does Rockefeller do in return? 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. He went to Mr. Scott, his competitor, and decided together to pull all of Rockefeller's deals. Rockefeller, the monopolist, had to figure out a way to get rid of his biggest competition. Who wins between Rockefeller and his new competition? Who do you think gets the better deal and why? Slash their workforces, those still working had to work longer hours for less pay. How do Rockefeller and Morgan make Roosevelt irrelevant in the political world? (all of them). Is he to be placed on a pedestal for others as a "captain of industry?" What does Rockefeller do in return? 24. Who wins between Rockefeller and his new competition? Moreover, the extreme nature of Rockefeller's wholesale assault on antitrust makes some of his assertions just plain silly. Attempts to orchestrate a hostile takeover. Rockefeller loved to tell the story of the time an irate contractor burst into his office and laid into him with an angry tirade. Sues Morgan's company in federal court (first anti-trust court case), Roosevelt wins and monopoly is broken up. According to Carnegie, what should a rich man do with his money? John D. Rockefeller (1839-1937), founder of the Standard Oil Company, became one of the worlds wealthiest men and a major philanthropist. Doesn't like how the road is on the way to the South Fork Fishing and Hunting Club, not wide enough for his carriage. 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? How does Frick respond to what the workers want? When the railroads aren't building new lines any longer, where does Carnegie turn to sell steel? How do Rockefeller and Carnegie "morganize" their own companies? 22. Tesla forgoes his claim to his patents and tears up his contract with Westinghouse. John D. Rockefeller: American oil tycoon, philanthropist, and billionaire. Who does the world look to for help in World War I? 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. Steel solves problem, bridge was hard to build without it because the bridge was so big. What does Morgan do to take advantage of Westinghouse's debts? Whatever conclusions can be drawn, Rockefeller's impact on the American economy de… Besides returning home, how does Carnegie respond? Who does Morgan turn to for help to build his own business empire? How does Ford inadvertently help Rockefeller and JP Morgan? How does Vanderbilt acquire nearly half of all the railroads across America? (How does he perceive it?). By 1890, his company, Standard Oil … The gap between what two groups has grown greater than at any other time? How much money does Morgan give to Edison? What industry is threatened by electricity and the electric light bulb? By all the money he earns from selling his shipping company he invests in the railroads. What is the court ruling in The People v. Standard Oil? Going to build an oil pipeline of their own. What is America's greatest innovation (according to the film)? Which organization withstood the government the longest? What does Vanderbilt decide that he needs to do to finally control a majority of the railroads in America? Missing the train he was to take keeps him from being in a railroad accident which would have killed him. Sent each other insulting Christmas presents (Carnegie received a paper vest, Rockefeller received a bottle of whiskey). The Commodore, He makes a large shipping company (he is a strong business man.). Car in 1 and a half hours. What did Ford do after being turned down by the company? 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. How did the Rockefellers shape the modern art market? 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. To let Frick operate the Homestead Steel plant without his interference. 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 Vanderbilt do to regain an advantage over Rockefeller? What does Ford do while waiting for the court's decision on whether he has infringed on patents? From the American perspective, New York wanted Hitler to attack Western Europe and take it over. Why do Americans fear kerosene and how does Rockefeller calm those fears? Why does the Jamestown telegraph office ignore the warning that the damn could break and what does this teach us about ignoring warnings even after false warnings have been given? What nickname does Cornelius Vanderbilt acquire and how does he acquire it? How does the court rule in A.L.A.M. What does Carnegie build after he builds the bridge? J.P Morgan raises a lot of money for the government to build the Panama Canal. (Similar to terrorism scare, followed by the “Patriot Act”). Who was the target of Williams Jennings Bryan? win, win, win. HIGHLY TOXIC, HIGHLY FLAMMABLE: THE FUTURE There were a lot. 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. What invention does this man provide that Morgan will take advantage of? Perfected mass production. One of the Midwest's largest coal suppliers. John D. Rockefeller was an entrepreneur from the Get-Go. Builds on his celebrity and raises money to build his first factory in Michigan. He says alternating current is dangerous. 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. What does Edison claim will be the downfall of their competition? What company had to give Ford their permission before Ford could build his car and why? One hundred years ago John D. Rockefeller, America’s first billionaire and the head of Standard Oil, faced a critical issue: what should he do about the criticisms of investigative journalist Ida Tarbell? His family could not survive without sending him to work (at age 12). Rockefeller Family The Rockefellers are an old family with deep links to the oil industry and many other sectors. How much money do Rockefeller, Carnegie, and Morgan give to the presidential election? After the bridge is built, what does Carnegie do to convince the public that the bridge is safe? Don't ignore because it could have dire consequences. Complete takeover of Andrew Carnegie's empire. After Vanderbilt dies (of old age), who becomes Rockefeller's new competition? Take companies that are fighting, put them together, manage them together, and prioritizing profits while eliminating inefficiencies. How much money does Rockefeller give away in today's money? What new politician's attention is captured by Rockefeller, Morgan, and Carnegie? 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. It was expensive and had a long manufacturing time. Has an elephant cross it because there was a superstition that an elephant wouldn't cross an unstable surface. He was marketing 60 percent of all oil sold in the whole world. Buys a big iron ore mine (stops Carnegie from buying it) and starts supplying it to Carnegie's competitors at rock bottom prices. John D. Rockefeller, a man quoted to have said “competition is sin”, is the head of the Rockefeller family and has just become very rich through extracting oil from the ground. 11. What companies are ruling America in the early 1900s? The first Rockefeller As with all great stories, this one starts with a great character. Who does Frick call in and what do they do? 26. 12.) $5/day, highest rate at that time. What is the new contest between Rockefeller and Carnegie? US STEEL, STANDARD OIL, AND GENERAL ELECTRIC. What does Roosevelt do to Morgan's railroad company? He sells his shipping company because he knows that the railroad system is about to become big. They have been accused of conspiracies of all kinds, from Extra-Terrestrial origins to market manipulations to owning the banking system to marijuana prohibition. What is the first private residence in the world to be powered by electricity? What does Rockefeller do in return? Or should he be demonized as a "robber baron." Some images used in this set are licensed under the Creative Commons through Flickr.com.Click to see the original works with their full license. Who loses (besides the one man Rockefeller was competing against)? Gives money to a lot of places, including building Carnegie Hall in NYC. Standard Oil gasoline stations (fuel Ford cars), cars built using Carnegie Steel in factories powered by Morgan's electricity. Always. Find a major supplier of kerosene and make a deal with him to transport it all on his (Vanderbilt) railroads. They remember their fears/failures and how they overcame them. After Vanderbilt dies (of old age), who becomes Rockefeller’s new competition? Why does Frick lower the damn holding back the water over Jamestown? 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. Builds skyscrapers (because so many people are moving to cities.). How does Rockefeller plan to defeat Carnegie? They lost cargo and therefore began to lose money. 11.) In 1870, Rockefeller founded Standard Oil Company, which eventually became a domineering monopoly in the oil industry. 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