1. M C K E N Z I E H I T C H C O C K
Titans of Industry

2. Titans of Industry
Andrew Carnegie John D. Rockefeller Leland StanfordJP Morgan
“Banker’s Banker” “Steel King” “Oil Baron”
One of the
“Big Four”

3. A P R I L 1 7 , 1 8 3 7 - M A R C H 3 1 , 1 9 1 3
JP Morgan:The ‘Banker’sBanker’

4. JP Morgan: The ‘Banker’s Banker’
 He made his money by a very deal during the civil war
 He bought five thousand riffles at $3.50 a piece and then
sold them to a general in the field for $22 .
 They were defective and would shoot off the thumbs of the
soldiers using them
 A judge noted this problem in an obscure report, but the
deal was upheld as legal.
● JP Morgan was also one of the people who could afford to
send in a substitute for the Civil War. He paid the full $300
without blinking an eye.

5. JP Morgan: The ‘Banker’s Banker”
 Morgan began his actual career as an accountant in 1857.
 He worked for several other firms in New York. In 1871, he was
added as a partner in Drexel, Morgan and Company.
 However, in 1895, the company became known as JP Morgan and
Company
● He was described as
“Coldly rational”
●Created U.S Steel, the
world’s first dollar
corporation in 1901
http://3.bp.blogspot.com/-YMtYYjs0wIA/Th8SN_guC5I/AAAAAAAABcY/JWOOLzZeCJM/s1600/jp-morgan-1910.jpg

6. JP Morgan: The ‘Banker’s Banker’
 In 1893, JP Morgan was the primary financer of the U.S.
railroads.
 By the early 1900s, Morgan was the main force behind the
Trusts, controlling virtually all the basic American
industries;
 Now, JP Morgan and Co. is JP Morgan and Chase.

7. N O V E M B E R 2 5 , 1 8 3 5 - A U G U S T 1 1 , 1 9 1 9
AndrewCarnegie:The ‘SteelKing

8. AndrewCarnegie: The ‘Steel King’
 Born in Scotland- Moved to United States.
 After working a series of railroad jobs, he owned
in 1889.
 He was an industrialist and a philanthropist.
 A philanthropist is someone who cares for the well-being of the mankind.
● Carnegie was hired as a personal telegrapher and
private secretary to Thomas A. Scott (all within the
Pennsylvania Railroad)
●He worked his way up the ladder and eventually
passed Scott, becoming superintendant.

9. AndrewCarnegie: The ‘Steel King’
 After the Civil War, Carnegie saw the potential in the iron
industry and resigned from the Pennsylvania Railroad.
 He then moved to Keystone Bridge Company
 Which worked to replace old wooden bridges with stronger, iron
ones.
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10. AndrewCarnegie: The ‘Steel King’
 By 1900, Carnegie Steel produced more steel than all
of England.

11. AndrewCarnegie: The ‘Steel King’
 In 1900, other titan of industry J.P. Morgan entered
a battle with Carnegie. In short, Morgan ended up
buying the Carnegie Steel company from Andrew
Carnegie.
 This deal made Carnegie the richest man in the world.
●Before he died, he donated
a lot of his money. In all, he
ended up giving away
.

12. John D.Rockefeller:The‘Oil Baron’
January 29, 1874 – May 11, 1960

13. JohnD. Rockefeller:The ‘OilBaron’
 In 1870, Rockefeller started his first oil refinery near
Cleveland and incorporated the