
97: The Gilded Age’s Robber Barons: John D. Rockefeller & Andrew Carnegie
History That Doesn't Suck
00:00
The Power to Make Money
John rockefeller is the son of a travelling snake oil salesman. By 18 75, john controls most of pennsylvania's refineries and begin to take over of the oil business in both new york and west virginia. The famous, if not infamous, cornelius vanderbilt, a k a the commodore, has long been the king of american capitalism. John now owns the very cars the railroads are using. He even charges them when they use his cars to transport oil from competing refineries. Combine that with the new pipe lines john is developing, so he can cut out the railroads altogether. For standard oil’s victory over the railroads.
Transcript
Play full episode