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Back to #437 The Tycoons: Carnegie, Rockefeller, Gould & Morgan.

How Old Were Carnegie, Rockefeller, Gould, and Morgan When Lincoln Died?

David Senra, reading Charles R. Morris's The Tycoons, says Andrew Carnegie was turning 30 when Abraham Lincoln died and was already wealthy, though he had been a factory bobbin boy hardly a decade and a half earlier and had not yet settled on a career. John D. Rockefeller was only 26, and his Cleveland oil refinery was one of the largest and most profitable in the country. Senra says Rockefeller may already have formed a plan to take over the whole industry. Jay Gould was 29 and was trying his hand as a railroad turnaround specialist. J. P. Morgan was 28, quietly learning the trade inside his father's banking network.

The four were never friends. Carnegie, Rockefeller, and Gould stood for the open chances in America, with vast resources and fewer class constraints than Europe. Morgan stood apart. He was born wealthy, and he defined his career in reaction to the entrepreneurs, on the side of finance rather than the side that built the products.

Transcript

#437 The Tycoons: Carnegie, Rockefeller, Gould & Morgan ·

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More from this episode

  1. How Were Carnegie, Rockefeller, Gould, and Morgan Different?David Senra, reading the preface of Charles R. Morris's The Tycoons, says Andrew Carnegie, John D.
  2. Why Did Andrew Carnegie Burn Stalled Railroad Cars?David Senra says Andrew Carnegie burned stalled railroad cars to clear the tracks.
  3. How Did John D. Rockefeller Buy the Clark Oil Refinery?David Senra, reading Charles R. Morris's The Tycoons, says John D.
  4. How Did Jay Gould Start With 50 Cents?David Senra says Jay Gould started with 50 cents.
  5. How Did Jay Gould Profit From Cornelius Vanderbilt's Cattle Rate?David Senra, reading Charles R.
  6. How Did John D. Rockefeller Beat Other Oil Refiners?David Senra says John D.
  7. What Made Andrew Carnegie's Steel Cheaper?David Senra says Andrew Carnegie's steel lost less than rival mills when prices had to fall, because the works with the newest equipment could cut prices and…
  8. Why Did John D. Rockefeller Buy the Strongest Refiners First?David Senra says John D. Rockefeller bought the strongest refiners first because taking the top few in a new territory made everyone else fall in line.

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