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Gilded Age Rise of the Rich

Alexis Reisinger

Created on October 6, 2023

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George W. Vanderbilt II

Andrew Carnegie

The rise of the

RICH

The Gilded Age saw the rise of the first ever millionaries, many of whom made their fortunes due to the rapid industrialization of the United States. Click on each portrait to learn more about these men - the first ever "Elon Musk"s

John D. Rockefeller

J.P. Morgan

Experience

Achievements

In today's money, Andrew Carnegie would be worth more than Bill Gates.

Wealthiest Man in the World

1892-1901

Carnegie Steel

Founder, Owner, and CEO

Andrew Carnegie believed in using his fortune to give back to others, a practice known as Philanthropy

"The Father of Modern Philanthropy"

1875

Andrew Carnegie

Buys first Steel Plant

Using the newly discovered Bessemer Process, Carnegie created a way to produce steel that made it cheaper than iron, and revolutionized the industry.

Innovator of Industry

Steel Tycoon

Pittsburgh, PA

1865-1875

Keystone Bridge Company

Founder

Learn More!

About me

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1853-1865

Pennsylvania Railroad

Andrew Carnegie was an American industrialist and philanthropist. Carnegie led the expansion of the American steel industry in the late 19th century and became one of the richest Americans in history. He became a leading philanthropist in the United States, Great Britain, and the British Empire.

Telegraph Operator

1847-?

Child Laborer

Bobbin boy - changing spools of thread on sewing machines

About me

John D. Rockefeller

John Davison Rockefeller Sr. was an American business magnate and philanthropist. He has been widely considered the wealthiest American of all time and the richest person in modern history. Rockefeller was born into a large family in Upstate New York who moved several times before eventually settling in Cleveland.

Oil Tycoon

Cleveland, OH

Experience

1870-1882

1865-1870

1863-1865

1859-1863

1855-1859

Standard Oil Company

Standard Works

Andrews, Clark & Company

Clark & Rockefeller

Hewitt & Tuttle

Owner

Co-owner of oil refineries

Co-owner and business partner

Bookkeeper

Investor

Achievements

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Many of Rockefeller’s descendants found themselves in positions of power in part because of the wealth and reputation he established. His son, John, built Rockefeller Center in New York City and donated land in the city to build the United Nations headquarters.

Set a precedent for generational wealth

In 1881 Rockefeller and his associates placed the stock of Standard of Ohio and affiliates in other states under the control of a board of nine trustees, with Rockefeller at the head.

Established the first Trust in the U.S.

Experience

Achievements

After his death, these collections helped create entire exhibits at The Metropolitan Museum of Art in NYC

Morgan amassed a huge art collection

1895-1913

J.P. Morgan & Company

Owner and CEO

J.P. Morgan cofounded (1871) the banking company Drexel, Morgan and Company. It became J.P. Morgan and Company in 1895 and is now JPMorgan Chase & Co. In addition, it was the centrality of his role in averting disaster in 1907 that led the U.S. government to create the Federal Reserve System.

Revolutionized the banking industry

1871-1895

John Pierpont Morgan

Drexel Morgan & Co.

Financier and Investment Banker

Co-owner, business partner

New York City, NY

1858-1871

J.S. Morgan & Co.

American representative to affiliate banking houses

JP Morgan was supposed to be on board the Titanic when it sank in 1912, but he had to cancel his trip last minute.

Fun Fact:

About me

John Pierpont Morgan was an American financier and investment banker who dominated corporate finance on Wall Street throughout the Gilded Age.

Learn More!

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George Washington Vanderbilt II

About me

George Washington Vanderbilt II was an art collector and member of the prominent Vanderbilt family, which amassed a huge fortune through steamboats, railroads, and various business enterprises.

Art Collector, Generational Wealth

NY City, NY; Asheville, NC

George Washington Vanderbilt II is a prime example of generational wealth. After the death of his father, William, George inherited millions of dollars, which he used to build an enourmous mansion in the foothills of the Smoky Mountains in North Carolina. To date, it is the biggest house ever built in the United States.

Take a tour of Biltmore!

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