His Standard Oil Company was the monopoly of the oil market.
He also earned the label robber baron from his oil monopolies.
These leaders achieved the great feat of booming the growth of the economy and industry of the United States and its citizens to become the leading industrial power in the world.
As historians have reviewed their great achievements historians have become critics questioning how honest the fortunes of these leaders were. The morals of these businessmen and their strategies were the leading topic of discussion, whether to classify them as "robber barons" or "industrial statesmen".
This may seem like a very generous man, but in the opinions of historians, Andrew Carnegie and Rockefeller used these donations to improve their image and to have their names live on forever.
Rockefeller controlled more than 95% of the world oil market.
The term was coined by Thomas Carlyle in his 1843 book, Past and Present.
The wave of industrialism that we have been studying was often driven by a few great men known as industrialists. There is some debate, however, on the how history should portray these industrialists.
As a member, you'll also get unlimited access to over 79,000 lessons in math, English, science, history, and more.
Plus, get practice tests, quizzes, and personalized coaching to help you succeed.