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Unformatted text preview: obsessed with maximizing cost efficiencies & driving down product price ROCKEFELLER’S REPUTATION AS THE MOST DESPISED MONOPOLIST--role of muckrakers (Ida Tarbell)--relevance of JDR’s religious views?? STORY OF THE SOUTH IMPROVEMENT COMPANY (winter-early spring 1871)--RRs provided 50% cost advantage to SIC refiners--from Jan.-April 1871, 21 of 26 Cleveland refiners sold out to Standard Oil A CLOSER LOOK AT CARNEGIE THE PHILANTHROPIST & “INDUSTRIAL STATESMAN” CARNEGIE’S AMBIVALENCE TOWARDS THE SOCIETAL BENEFITS OF INDUSTRIALIZATION “GOSPEL OF WEALTH” (1889)--millionaire’s right to accumulate vast fortune balanced by his obligation to arrange for socially useful disposition of surplus wealth...
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- Spring '07
- Andrew Carnegie, Standard oil, John D. Rockefeller, Carnegie, POST-WAR INDUSTRIAL PRODUCTION