Business Tycoons In US

"The Business of the United States is Business," a great man once said. The United States has heralded around the globe for its incredible economic system. The growth of the United States started off small with minor discoveries and inventions, such as oil and electricity, and with those in place emergence of new technologies and innovations came underway. The railroads came about very slowly and became very popular. A man named Henry Bessemer came up with a way to make steel cheaply and efficiently (Bessemer Process). With the prices of steel dropping railroads were being built all across the nation. Major business tycoons, such as John D. Rockefeller and Andrew Carnegie, took advantage of the demand for oil and steel and started their own companies and later developed a monopoly in their own area of business. New laws and business practices were also enforced. These topics will be addressed in the following pages. ENERGY FROM OIL & ELECTRICITY Common in all industries was the consump...