Economic
Economy
The economy grew during the Second Industrial Revolution. Capitalism contributed to the rise in economic strength. The economy saw monopolies and was ruled by the four tycoons
John D. Rockafeller
Rockefeller became one of the four tycoons. He grew the oil industry. He created a oil refinery service the monopolized oil. He created the Standard Oil Trust, the first corporate trust. He was also a philanthropist in his spare time.
Andrew Carnegie
Carnegie was focused in the steel industry. He owned all the materials needed to make his company successful. Carnegie would also go into philanthropy.
J.P. Morgan
Morgan was a financier who founded J.P. Morgan & Co. Created many monopolies. Like the other tycoons he was a philanthropist.
Henry Ford
Founded Ford Motor Company. Began the moving assembly line. Also was a Philanthropist.