This essay has been submitted by a student. This is not an example of the work written by professional essay writers.

Industrialization in The Us: The Period of Rockefeller's Wealth

downloadDownload printPrint

The late 19th century is marked by the activity of many inventors. A. G. Bell invents the telephone in 1876, T. A. Edison patents the electric bulb in 1879, typewriter is invented in 1867, Westinghouse’ alternating current (AC) in 1886, etc. More patents are issued by the US government between 1870-1900 than during the throughout the whole period from 1790 until 1860. Additionally, railroad boom, electrification, improved communication, telephone and telegraph link the US to the rest of the world. It is no longer a culturally isolated rural country.

Are you Looking For A Custom Essay about “Industrialization in the US: the Period of Rockefeller’s Wealth” NOW? You Found It!

Professional Writers that Guarantee an On-time Delivery


experts online

Technological revolution brought about rapid industrialization of America. Businesses capitalized on the inventors’ ideas and put them to use on the market. New industries emerge, such as steel production, oil refining, transportation, finance. Capitalists known as the robber barons made a name for themselves by buying out their competitors’ businesses and consolidating them into trusts.

Standard Oil Co. Inc. is the fundamental American oil creating, shipping, refining, and advertising organization. Set up in 1870 by John D. Rockefeller close by Henry Flagler as an organization in Ohio, it is the biggest oil purifier in the realm of now is the ideal time. Its history as one of the world’s first and biggest worldwide enterprises finished in 1911, when the U.S. Incomparable Court controlled, in a milestone case, that Standard Oil was an unlawful restraining infrastructure. Standard Oil has commanded the oil items showcase at first through even reconciliation in the refining division, at that point, in later years vertical joining. The organization has been a pioneer in the improvement of the business trust. The Standard Oil trust streamlined creation and coordinations, have brought down cost, and taken out contenders. 

Rockefeller runs the organization as its administrator. He has stayed a significant investor, with the disintegration of the Standard Oil trust into 34 smaller organizations, Rockefeller has become the most extravagant man in America, as the underlying salary of these individual endeavors demonstrated to be a lot greater than that of a solitary bigger organization. By 1882, his top associate has been John Dustin Archbold. After 1896, Rockefeller withdrew from business to focus on his generosity. This is the point at which he gives his riches to make the network greater. He jumps at the chance to help by utilizing his riches. This left Archbold in charge. Other outstanding Standard Oil principals incorporate Henry Flagler, designer of the Florida East Coast Railway and resort urban areas. Henry H. Rogers, who constructed the Virginian Railway.

Get a Personal "Industrialization in the US: the Period of Rockefeller’s Wealth" Tailored Essay For You in 3 Hours!

100% Customized to Your Need with Expert Writers


Surprisingly, Rockefeller, president of Standard Oil, monopolized oil production by acquiring all other oil companies in existence in the US at the time, or forcing them out of business. By 1880, Standard Oil controlled 95% of oil refineries in the US, and 90% of oil refining in the world. It depressed the petrol prices by almost 80%. Rockefeller also used horizontal and vertical integration, holdings to grow his businesses, which later became a standard business practice of American corporations. Overall, The late 19th century period was characterized by rapid industrialization and urbanization, great technological change, industrial monopolization, and enormous income inequality. It was also the period of Rockefeller’s wealth.

Remember! This is just a sample.

You can get your custom paper by one of our expert writers.

Get custom essay

121 writers online


Remember: This is just a sample from a fellow student.

Your time is important. Let us write you an essay from scratch

experts 450+ experts on 30 subjects ready to help you just now

delivery Starting from 3 hours delivery

Find Free Essays

We provide you with original essay samples, perfect formatting and styling

Cite this Essay

To export a reference to this article please select a referencing style below:

Industrialization in the US: the Period of Rockefeller’s Wealth. (2022, August 30). GradesFixer. Retrieved June 5, 2023, from
“Industrialization in the US: the Period of Rockefeller’s Wealth.” GradesFixer, 30 Aug. 2022,
Industrialization in the US: the Period of Rockefeller’s Wealth. [online]. Available at: <> [Accessed 5 Jun. 2023].
Industrialization in the US: the Period of Rockefeller’s Wealth [Internet]. GradesFixer. 2022 Aug 30 [cited 2023 Jun 5]. Available from:
copy to clipboard

Where do you want us to send this sample?

    By clicking “Continue”, you agree to our terms of service and privacy policy.


    Be careful. This essay is not unique

    This essay was donated by a student and is likely to have been used and submitted before

    Download this Sample

    Free samples may contain mistakes and not unique parts


    Sorry, we could not paraphrase this essay. Our professional writers can rewrite it and get you a unique paper.



    Please check your inbox.

    We can write you a custom essay that will follow your exact instructions and meet the deadlines. Let's fix your grades together!


    Get Your Personalized Essay in 3 Hours or Less!


    We can help you get a better grade and deliver your task on time!

    • Instructions Followed To The Letter
    • Deadlines Met At Every Stage
    • Unique And Plagiarism Free
    Order your paper now