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The Age of Big Business; a chronicle of the captains of industry

Burton Jesse Hendrick

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Book Excerpt: 
. . .When Rockefeller began his acquisition, there were thirty independent refineries operating in Pittsburgh, all of which, in four or five years, passed one by one under his control. The largest refineries of Baltimore surrendered in 1875.

These capitulations left only one important refining headquarters in the United States which the Standard had not absorbed. This was that section of western Pennsylvania where the oil business had had its origin. The mere fact that this area was the headquarters of the oil supply gave it great advantages as a place for manufacturing the finished product. The oil regions regarded these advantages as giving them the right to dominate the growing industry, and they had frequently proclaimed the doctrine that the business belonged to them. They hated Rockefeller as much as they feared him, yet at the very moment when the Titusville operators were hanging him in effigy and posting the hoardings with cabalistic signs against his corpo. . . Read More

Community Reviews

"The Age of Big Business" is a history of how businesses changed from small, competing businesses to large corporations that controlled major portions of or all of an industry. Since the book was written in 1919, it was fascinating to see how the various industries have changed from post-Civil-Wa...more