John D. Rockefeller vs Andrew Carnegie

John D. Rockefeller’s profile picture
Andrew Carnegie’s profile picture
Businessman
Industrialist, Businessman, Entrepreneur and a major Philanthropist.
$336 Billion
Net worth 2018
$309 Billion
Business People
Industry
Steel
Richford, New York, U.S.
Residence
Dunfermline
United States
Country
American, Scottish
08/07/1839
BirthDay
25/11/1835
May 23, 1937
Died On
August 11, 1919
Chancellor University
Education
NET WORTH STATISTIC
TIMELINE
1937

He died on 23 May 1937 of arteriosclerosis at his home in Ormond Beach, Florida

1909

In 1909, New Jersey allowed the trust to be re-created in the form of a single holding company

1895

In 1895 at the age of 56, he took retirement from the daily operations of the business

1890

The Sherman Antitrust Act of 1890 and the verdict of Ohio Supreme Court in 1892 resulted in the dissolution of the trust

1882

In 1882, the Standard Oil Trust was established to consolidate the various holdings of the company

1872

He continued buying rival refiners; by 1872, Standard Oil had taken over 22 of its 26 Cleveland opponents

1870

In January 1870, John Rockefeller dissolved the partnership of Rockefeller, Andrews & Flagler, and formed the Standard Oil of Ohio

1868

By 1868, the company owned two Cleveland refineries and a marketing subsidiary in New York

1865

In February 1865, he bought out the Clark brothers at an auction for $72,500 and established the firm Rockefeller & Andrews

1864

In 1864, he married Laura Celestia Spelman (1839–1915), daughter of Harvey Buell Spelman and Lucy Henry

1863

In 1863, the partners invested in an oil refinery near Cleveland, Ohio, directly owned by Andrews, Clark & Company (composed of Clark, Rockefeller, chemist Samuel Andrews, and Clark's two brothers)

1859

In 1859, at the age of 20, he ventured into private business with a partner, Maurice B

1853

In 1853, the family moved to Strongsville where he attended Cleveland's Central High School

1851

In 1851, the family moved to Owego where he attended the Owego Academy

1839

Rockefeller was born on 8 July 1839, in Richford, New York, to William Avery Rockefeller and Eliza Davison

1901

It finally resulted in ‘the United States Steel Corporation’, which was incorporated on March 2, 1901

1892

In1892 he founded the Carnegie Steel Company by utilizing the various assets that he had accumulated over the years

1889

He wrote an article, “Wealth” in 1889 through which he emphasized upon the social responsibility of the wealthy class towards the less fortunate in the society

1888

His decision to take over the rival company, Homestead Steel Works in 1888 brought strategic advantages to his business

1886

His well-known piece of writing, “Triumphant Democracy” was published in 1886 and well accepted in the U

1873

He had the vision to foresee that iron would be replaced by steel hence he ended up setting a steel rail company in 1873 after which the steel furnace at Braddock started with steel rails in 1874

1870

Till 1870, Carnegie speculated in small iron factories through investments

1855

Carnegie made his very first investment of $500 in Adams Express in 1855 with Scott’s support; following which he learnt to invest and disinvest resulting in a huge start-up capital for his business ventures

1853

Scott (superintendent of Pennsylvania Railroad) in 1853

1850

Starting in 1850 as a messenger boy for a telegraph office in Pittsburg, he moved on to become secretary to Thomas A

1848

His father was a weaver and moved the entire family to Allegheny City, Pennsylvania, in 1848 after industrialization phase that rendered him jobless and in relentless poverty

1835

Andrew Carnegie was born on November 25, 1835 to William Carnegie and Margaret Morrison Carnegie in Dunfermline, Scotland