John D. Rockefeller, Cyrus H. McCormick, Potter Palmer and Philip D. Armour are each now considered to be innovators of business as we know it today, although each of them had their own approaches to running their companies.
John D. Rockefeller certainly changed the way that America did business, but not for the better. From the beginning, he thought big. When first looking for employment, John ignored the smaller businesses and instead focused his attention on the larger, more profitable companies. When John himself got big, he so much wanted to be rich that he eventually would buy out smaller refineries against their will, because there was nothing that they could do. He made what was once a business of several smaller refineries employing many into one big company for the purpose of making himself even richer. The way that John changed the way America does business forever is that people
now tend to think big. People open a new business in the intent of expanding. He taught America how to think only for yourself and attaining your wealth, not matter whom you must put out of business. John succeeded in almost eliminating small business entirely. Like many, John had started out with his heart in the right place. He thought that his talent for making money was a God-given gift, so that he could be generous with his wealth and help others like he was helped by the church as a child when abandoned by his own greedy father. Instead, John became obsessed with ledgers and business and
his own greed. He became rich for no one other than himself. John did not become rich selflessly, because he wanted to help others. In fact, he screwed over many on his way to gaining all of his wealth. He put various companies, and therefore even more people, out of business. [...]
Inhaltsverzeichnis (Table of Contents)
- John D. Rockefeller
- McCormick
- Palmer
- Armour
Zielsetzung und Themenschwerpunkte (Objectives and Key Themes)
This essay examines the business practices of four prominent figures in American history: John D. Rockefeller, Cyrus H. McCormick, Potter Palmer, and Philip D. Armour. The essay explores their individual approaches to business, highlighting the impact of their innovations on the development of American industry and the changing landscape of business practices.
- The impact of industrialization on business practices.
- The role of innovation and technological advancements in business.
- The evolution of business ethics and the ethical considerations of industrial giants.
- The rise of large corporations and the impact on small businesses.
- The development of employee benefits and their significance in the history of labor relations.
Zusammenfassung der Kapitel (Chapter Summaries)
- John D. Rockefeller: This section examines Rockefeller's ruthless business practices, focusing on his ambition to consolidate the oil industry and his impact on the rise of large corporations. It explores his early life, his pursuit of wealth, and the consequences of his actions for smaller businesses and employees.
- McCormick: This part explores McCormick's contributions to the agricultural industry through his leadership of International Harvester. It focuses on his innovations in agricultural machinery, his expansion of research and development, and his introduction of employee benefits.
- Palmer: This section examines Palmer's innovative approach to retail, highlighting his pioneering strategies of offering refunds and exchanges. It explores his rise to prominence in the dry goods industry and his role in the redevelopment of Chicago after the great fire.
- Armour: This section delves into the development of the meatpacking industry and Armour's role in its transformation. It discusses the impact of refrigeration on the industry, the concentration of meatpacking in Chicago, and the shift to livestock production areas.
Schlüsselwörter (Keywords)
This essay focuses on the key themes of industrialization, business innovation, corporate consolidation, employee benefits, and ethical considerations in the context of American business history. It examines the impact of these factors on the development of large corporations and the changing landscape of business practices in the late 19th and early 20th centuries. Key figures include John D. Rockefeller, Cyrus H. McCormick, Potter Palmer, and Philip D. Armour, whose individual approaches to business shaped the course of American economic history.
- Citation du texte
- Amanda Guay (Auteur), 2006, Innovators of the Market Revolution: Differing Approaches, Munich, GRIN Verlag, https://www.grin.com/document/65185
