Corporate development during the Industrial Revolution was made in part by entrepreneurs. Entrepreneurs were the people who took responsibility for the organization and operation of a new business venture. These business men often risked the initial money for setting up different types of businesses. With the risk of large sums of money, some of these entrepreneurs made enormous profits. Two major entrepreneurs of American history are John D. Rockefeller and Andrew Carnegie. The Standard Oil …
showed first 75 words of 693 total

showed last 75 words of 693 total
…of the Standard Oil Company and U.S. Steel company was credited to the fact that their owners ran them with great authority. In this very competitive time period, many new businesses were being formed. It took talented businessmen to get ahead and keep the companies running and make the fortunes that were made during this period. Thus, Carnegie and Rockefeller were both good for shaping American society in their own time and future generations.