3min chapter

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MrBeast: Capitalism & Philanthropy

Then & Now: Philosophy, History & Politics

CHAPTER

The Importance of Public Opinion in Business

Carnegie found that when it came to profits, public opinion was as important as bribery and wage cuts. Around the same time, John D. Rockefeller was also giving away large sums while simultaneously crushing workers' strikes. Corporations like Rockefeller's Standard Oil and Carnegie Steel became so powerful that Congress passed an anti-trust act in 1890.

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