https://padlet.com/ModestoCitySchools/czuf7w2w9d23 Unit 3 assignment en-us 2018-10-17 18:06:26 UTC 2024-03-20 05:49:04 UTC hello@padlet.com https://padlet-assets.s3.amazonaws.com/icons/Dartstarget.png 378650 https://padlet.com/ModestoCitySchools/czuf7w2w9d23/wish/294025240 Born December 23, 1856 and died October 10, 1925. James Buchanan Duke was a main player in the development of the US tobacco industry. Duke was the man that popularized the cigarette which is still popular today. He also helped the textile and electric power industry. During the Civil War many crops on the Dukes farm were destroyed with only some tobacco remaining. James father sensed the larger market for tobacco and sold their farm to set up a tobacco factory further south. Duke had a very aggressive marketing strategy that ended up making him responsible for 45% of cigarette sales in the US. In 1889 Duke created The American Tobacco Company and controlled 90% of tobacco in the United States.
Source : https://www.encyclopedia.com/people/social-sciences-and-law/business-leaders/james-buchanan-duke

]]> 2018-10-17 18:09:51 UTC https://padlet.com/ModestoCitySchools/czuf7w2w9d23/wish/294025240 378650 https://padlet.com/ModestoCitySchools/czuf7w2w9d23/wish/294025412 John D. Rockefeller was the wealthiest American ever. His net worth at the time of his death adjusted to today's inflation rates was around 336 Billion dollars. He was born July 8th 1839 and died May 23, 1937 at the age of 97. He is considered to be one of the wealthiest people in the modern ear with only one person other than him competing for the top spot. At the peak of his power and wealth, Rockefeller controlled 90% of all oil in the U.S. Most gasoline companies today used to be part of Rockefeller's oil empire.
Source: https://en.wikipedia.org/wiki/John_D._Rockefeller

]]> 2018-10-17 18:10:06 UTC https://padlet.com/ModestoCitySchools/czuf7w2w9d23/wish/294025412 378650 https://padlet.com/ModestoCitySchools/czuf7w2w9d23/wish/294025618 Andrew Carnegie was the second wealthiest man in U.S. History second only too the great John D. Rockefeller. Carnegie was born November 25, 1835 and died August 11, 1919. He had a net worth of 310 billion dollars in today US dollars. Carnegie made his fortune off of steel in Pittsburgh. In 1901 he sold his company to J.P. Morgan for 480 million dollars, making him the richest man in the US for a few years. Towards the end of his life, Carnegie gave away almost 90% of his life savings to various University's, Charities, and other organizations. He was a firm believer in the idea that the wealthy should use their money to further advance society in a helpful way. 
Source: https://en.wikipedia.org/wiki/Andrew_Carnegie

]]> 2018-10-17 18:10:24 UTC https://padlet.com/ModestoCitySchools/czuf7w2w9d23/wish/294025618 378650 https://padlet.com/ModestoCitySchools/czuf7w2w9d23/wish/294025834 J.P. Morgan was born April 17, 1837 and died March 31, 1913. J.P. Morgan was one of the most powerful bankers of the 19th and 20th century. His Bank is still around to this day and is called "Chase Bank". Morgan most famously bought Andrew Carnegie's steel factory for 480 million dollars. Morgan helped to stabilize the US economy during times of economic crisis. Morgan faced criticism after people believed that he had to much power over the economy.
 Source: https://www.history.com/topics/19th-century/john-pierpont-morgan

]]> 2018-10-17 18:10:45 UTC https://padlet.com/ModestoCitySchools/czuf7w2w9d23/wish/294025834 378650 https://padlet.com/ModestoCitySchools/czuf7w2w9d23/wish/294025984 Cornelius Vanderbilt was born May 27, 1794 and died January 4, 1877. His first success was in the transportation business when he worked from one little boat to a whole fleet. By the year 1846 Vanderbilt was a millionaire. He quit his transportation 1849 after his competitors began to pay him $56,000  a month to abandon his operations. He then focused his attention on railroads. He was the first person to offer a railroad from Chicago to New York. In the last few years of his life, he made a generous donation of one million dollars to Central University in Nashville Tennessee, they would later go on to name themselves Vanderbilt University.
Source : https://www.britannica.com/biography/Cornelius-Vanderbilt-1794-1877

]]> 2018-10-17 18:11:03 UTC https://padlet.com/ModestoCitySchools/czuf7w2w9d23/wish/294025984