Corporate Development During The Industrial Revolution

Essay specific features

 

Issue:

Business

 

Written by:

Thomas M

 

Date added:

March 31, 2015

 

Level:

University

 

Grade:

A

 

No of pages / words:

3 / 601

 

Was viewed:

4746 times

 

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Essay content:

Carnegie bought his own iron and coal mines because using independent companies cost too much and were inefficient. By doing this he was able to undersell his competetors because they had to pay the competitors they went through to get the raw materials. Unlike Andrew Carnegie, John D. Rockefeller integrated his oil business from top to bottom, his distinctive innovation in movement of American industry was horizontal...
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Rockefeller integrated his oil business from top to bottom, his distinctive innovation in movement of American industry was horizontal. This meant he followed one product through all its stages. For example, rockrfeller controlled the oil when it was drilled, through the refining stage, and he maintained control over the refining process turning it into gasoline...
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