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Transcript

The Men Who Built America

Cornelius Vanderbilt

JP Morgan

John D. Rockefeller

Andrew Carnegie

1835–1919

1839–1937

1794–1877

1837–1913

Andrew Carnegie

John D. Rockefeller

Cornelius Vanderbilt

John Pierpont "JP" Morgan

  • Born in New York
  • Born in Scotland
  • Born and raised in New York
  • Moved to Cleveland, Ohio
  • Came to USA in 1848
  • Worked on ferry's
  • Born in Connecticut
  • Lived in Pennsylvania
  • Horrible husband and father
  • 1st oil refinery in 1863
  • Worked for the railroad
  • 1871- Started a banking company, J.P. Morgan & Co.
  • 1870 - Standard Oil Company
  • Forced several monopolies in the steamboat industry out of business
  • Created the Carnegie Steel Company

*Bought out competitors and created a monopoly

  • Created monopolies through financing railroads and buying out businesses, such as Carnegie Steel
  • Owned the entire process from start to finish
  • Steamship & Railroad tycoon

*1st American monopoly

  • 1901 - Sold company and focused on philanthropy
  • Several companies from both industries
  • Created US Steel, General Electric, & JP Morgan & Chase
  • During retirement, he focused on philanthropic work
  • Funded the expansion of public libraries and other educational based projects

*Donated over $530 million before he died

  • Vanderbilt University was his only philanthropy
  • Extensive art collection that he donated to MoMA
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