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National Labor Union

business and labor vocabulary

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Business and Labor: The Gilded Age (1865-1900) & Progressivism and Populism (1900-1920) 168. Andrew Carnegie: achieved an abnormal rise in class system(steel industry), pioneered vertical integration (controlled Mesabie Range to ship ore to Pittsburgh), opposed monopolies, used?partnership of steel tycoons (Henry Clay Frick?as a manager/partner), Bessemer steel process 169. Standard Oil Trust: small oil companies sold stock and authority to Rockefeller?s Standard Oil Company (consolidation), cornered world petroleum market 170. John D. Rockefeller: Standard Oil Company, ruthless business tactics (survival of the fittest)
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