Describe the significance of J.D. Rockefeller and Andrew Carnegie. Discuss the growth of their respective industries. What philosophies did both men embrace?
Who were the so-called “New Immigrants”? How were they received by native-born Americans?
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Unlike the modern-day billionaires, who are always working at all times, Rockefeller was not obsessed with his work. He would often take breaks to spend time outdoors doing chores and helping out at home. Doing this helped him raise his productivity (Umoh, 2018). Just like Rockefeller, Andrew Carnegie was also an astute businessman. He amassed most of his wealth from the expansion that was taking place in the United States steel industry (Harvey et al., 2011). Carnegie was born in Scotland but later migrated to the United States, where he built his reputation as an industrialist and philanthropist. Innovation was a central theme in his business philosophy. He always sought to introduce and use innovative practices that would help his company attain greater efficiency. Such a philosophy, coupled with his insistence on recruiting
