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Corporate Development During The Industrial Revolution
Part one of term paper
The Standard Oil Company founded by John D. Rockefeller and the U.S. Steel
Company founded by Andrew Carnegie. The Standard Oil Company and U.S. Steel
Company were made successful in different ways due to the actions of their
different owners. The companies differed in their labor relations, market
control, and structural organization.
...
Part two of term paper ... they went through to get the raw materials.
Unlike Andrew Carnegie, John D. Rockefeller integrated his oil business from
top to bottom, his distinctive innovation in movement of American industry was
horizontal. This meant he followed one product through all its stages. For
example, rockrfeller controlled the oil when it was drilled, through the
refining stage, and he maintained control over the refining process turning it
into gasoline. Although these two powerful men used two ...
Word count: 595 | Approximate pages: 3
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