Question

In the spaces below, list two ways in which John D. Rockefeller and Andrew Carnegie were similar.

Answer 1

Answer: Consolidation and philanthropists.

Explanation: Both used systems of consolidation to increase their power and wealth. Carnegie used vertical consolidation meaning he bought companies that created all of the resources needed to create steel as well as raillines to move the steel. Rockefeller used hortizontal consolidation meaning he bought out rival companies until he owned all oil production in the country. Both men also used their wealth to give back to society. Carnegie donated money for libraries throughout the country as well as Carnegie Mellon University. Rockefeller donated to Rockefeller Center, the University of Chicago, and Rockefeller University.

Answer 2

John and Andrew were very similar in the ways they had achieved financial greatness. It probably helped that they had both started working at a young age. These jobs would then prove to be helpful later on, having teached them important lessons with money and such. Though of course moving up, there would be competitors. They both wanted to remove of their competitors, and so they did. Along with it, they had created monopolies within their businesses, allowing them to grow.

Hope this of use. It was correct on ed, and it includes everything that it has in the sample response, just reworded.