Industrialization and Captains of Industry

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What role did entrepreneurs like Carnegie and Rockefeller play in the development of industry and business in the United States?  

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Carnegie and Rockefeller were very instrumental in the development of business in the United States. Carnegie sought to control all of the aspects of his business, from the iron ore to the coal needed to fire his furnaces. Carnegie even created company towns such as Homestead for his workers. Rockefeller undercut his competitors' prices so that he could then buy out his competitors. He also used the railroads by refusing to do business with any rail line that carried a competitor's oil.

Both of these men would create monopolies that would drive out the competition. This was important in...

(The entire section contains 2 answers and 302 words.)

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