Page 547 - US History
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How did Carnegie, Rockefeller, and other corporate leaders consolidate control over their industries? Abundant resources and technological innovation combined with other factors to fuel industrial growth.
How did jp Morgan contribute to america's industrial growth?
J.P. Morgan was known for reorganizing businesses to make them more profitable and stable and gaining control of them. He reorganized several major railroads and became a powerful railroad magnate. He also financed industrial consolidations that formed General Electric, U.S. Steel, and International Harvester.
How did the creation of time zones aid the railroads as well as different parts of the United States?
How did the creation of time zones aid the railroad as well as different parts of the United States? Everyone living in a particular zone would follow the same time and the railroad schedules were made easier to keep.
How did Andrew Carnegie and John D. Rockefeller utilize capitalism during the industrial era?
Rockefeller, Andrew Carnegie, and Henry Ford all helped their economy in some way. John D. Rockefeller helped the economy out by making his oil company expand. By expanding his company, Rockefeller gave many people jobs, and gave them kerosene which lit their homes at night.
How did Andrew Carnegie gain control of the steel industry?
How did Andrew Carnegie gain control of the Steel Industry? He borrowed money and began his own steel mill. He useed the money to buy out rivals, and he controlled all phas4es of the steel industry.
How did Rockefeller Carnegie and Morgan contribute to America's industrialization?
Rockefeller, Andrew Carnegie, J.P. Morgan and Henry Ford became engines of capitalism, building transportation, oil, steel, financial industry, and automobile manufacturing in a way that changed the world, and making the United States a world power.
Why were Rockefeller and Carnegie captains of industry?
Andrew Carnegie and John D. Rockefeller were considered to be captains of industry because with their profits from either their steel company or standard oil company, they give back to the society instead of themselves. They believed in the idea that people give in to you, in which you must give out as well.
What techniques did corporations use to consolidate their industries?
What techniques did corporations use to consolidate their industries? Corporations used vertical and horizontal integrations, as well as trusts and monopolies.
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