The Age of Big Business; A Chronicle of the Captains of Industry
The Age of Big Business; A Chronicle of the Captains of Industry
By Burton J. Hendrick (Chronicles of America #39)
27 Feb, 2019
When Cornelius Vanderbilt died in 1877, America's first great industrial combination had become an established fact. In that year the Standard Oil Company of Ohio controlled at least ninety percent of the business of refining and marketing petroleum.
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When Cornelius Vanderbilt died in 1877, America's first great industrial combination had become an established fact. In that year the Standard Oil Company of Ohio controlled at least ninety percent of the business of refining and marketing petroleum. A new portent had appeared in our economic life, a phenomenon that was destined to affect not only the social and business existence of the every-day American but even his political and legal institutions. Less