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Standard Oil
In January 10, 1870, "In Ohio, John D. Rockefeller's Standard Oil company was incorporated "(The Gilder Lehrman Institute of American History). With Rockefeller now organizing Standard Oil, his greed would lead him into wanting to eliminate all other oil companies, -
The South Improvement Company
In January 18, 1871, J. Edgar Thompson, Mr. Vanderbilt, Mr. Clark, Jay Gould and, General McClellan, fixed the rates of freight for crude oil to all the great refining and shipping centers though the South Improvement Company(Robber Barons, Source #1). Through the South Improvement Company these Robber Barons harmed other companies while supporting the growth of each other's company. -
Crédit Mobilier Scandal
In September 4, 1872, some key members of Congress were involved in the Crédit Mobilier Scandal, which was a railroad industry corruption because the Union Pacific Railroad built their own railroad through the Crédit Mobilier(The Gilder Lehrman Institute of American History). Through this scandal many Congress members were exposed and other investors became very rich with the Crédit Mobilier. -
Carnegie Steel
On this day in history, "Andrew Carnegie opened the nations largest steel plant just outside of Pittsburgh, Pennsylvania "(The Gilder Lehrman Institute of American History). Throughout this plant, Andrew Carnegie was able to establish vertical control of the steel industry. -
Standard Oil Trust
On this day in history, "John D. Rockefeller created Standard Oil Trust by trading stockholders shares for trusts certificates"(The Gilder Lehrman Institute of American History). Through Standard Oil Trust certificates, John D. Rockefeller grew more powerful in society. -
Homestead Steel Strike
On this day in history, the Homestead Steel Strike was organized to agree on a wage between Andrew Carnegie and the steelworkers, sadly Carnegie hired private policemen that injured many workers (The Gilder Lehrman Institute of American History). Through this event everybody was shocked at how Carnegie had hurt his workers. -
Andrew Carnegie
On this day in history, Andrew Carnegie sold his company to J.P. Morgan(RB, Source # 2). By selling his "empire" to J.P. Morgan, Andre Carnegie gave up his power and left many Americans without a job. -
Sherman Anti-Trust Act
On this day in history, William Taft prosecuted Standard Oil under the Sherman Anti- Trust Act(RB, Source #3). Through the Sherman Anti- Trust Act, William Taft reduced the power of Standard Oil because they ended up breaking their trusts into smaller trusts.
