HIS 119S Lecture Notes - Lecture 2: Titusville, Pennsylvania, Carnegie Steel Company, Standard Oil
Document Summary
Thomas edison"s greatest invention was the invention center. German states, britain, and france out-produced us in 1960. In 1900, we out-produced all of them combined. Born into a poor family, moved to ohio. Went to work as a clerk in a grainhouse. 1870 organized standard oil company, began to buy up refineries allowed no waste, everything was used. 1892 ohio dissolves the standard oil trust. 1911 us supreme court ordered the standard oil trust be broken up. It is broken up into 32 33 companies. Rockefeller became a philanthropist during his lifetime, gave 550 million dollars away. Rockefeller was and is the richest man to date. Goes to europe to sell bonds, come back and begins to establish mills. 1873 established most modern steel mill in the world in pittsburg. Buys homestead mill, and buys majority interest in a coke company, a type of coal.
