Showing posts with label Railroad. Show all posts
Showing posts with label Railroad. Show all posts
James Mayer de Rothschild: Railroad and Banking King of France
Kings and Prime Ministers sought his advice and bow to him for loans and investments. Vast lengths of railroads and landscapes transformed by rising factories came as a result of his confidence. James Mayer de Rothschild commanded great respect within the banking world of his time driving forward France’s industrialization. How did he achieve it without holding office nor leading armies?
William Vanderbilt: The Mistaken Robber Baron
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| William Henry Vanderbilt |
The Life of Jay Gould
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| Jay Gould |
South Improvement Company: Start of a Monopoly
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| Thomas Scott (Left) and John Rockefeller (Right) |
John D. Rockefeller was
known as the man who monopolized the American oil industry for some decade. He
dominated 90% of the North American oil trade. He beat down his competitors
with predatory efficiency and ruthlessness. Rockefeller earned strong opposition
and criticism. Finally, in 1911, his most cherished business, the Standard Oil,
was found guilty of being a monopoly and break up into several companies, which
some became powerful oil companies. The story of the creation of the monopoly
of Standard Oil began in 1870’s as a collusion of interests and advantages
under the name of South Improvement Company.
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