Leaders of Industry

The leaders of industries were important during the late 1800's. Andrew Carnegie owned an industry that sold steel. He used what is called the Bessemer Process that made the steel in his industry stronger and cheaper for sales. By using the Bessemer Process, his company had a mass production of steel. This went on for use in building railroads, skyscrapers, and bridges. Andrew Carnegie made his money by being a good business man and by using the technique of vertical integration which separated the production and selling of his steel.

Besides the steel business, the oil industry was run by a man named John Rockefeller. He founded the oil industry and aggressively ran it. He used the technique of horizontal integration which meant to own all of the industry or as much as you can. Rockefeller was very successful in his industry. He became the world's richest man and also the first billionaire. The way John Rockefeller ran his business was the ultimate reason for his success.





























*Sources- Notes from class and http://en.wikipedia.org/wiki/John_D._Rockefeller