The business magnates of 1898 to 1929 began a transformation of business and industry that has lasted through the ages.

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Speech: - The business magnates of 1898 to 1929 began a transformation of business and industry that has lasted through the ages. They brought growth and wealth to the economy, which had never before been reached by American society. They introduced new methods of business, and came up with invention after invention. This remodelling of industry began to speed up the flow of the U.S economy, and the country began to gain not only national but international power. This rich got richer and sort new ways to gain profit, the poor got poorer and sort new ways to improve their lifestyles. Consumerism was the drive of this economic boost, and significant figures such as Henry Ford and John D Rockafella, caught onto this drive and used it to build prestige and wealth for themselves and also others. Henry Ford launched Ford Motor Company in 1903, which now has reached 100 yrs of automotive achievement and has business set up all around the world. J.D Rockafella founded The Standard Oil Company in 1870 and dominated the oil industry for years to come. He used some of his wealth to fund new foundations and research, in order to better the lives of Americans. These are just two examples of significant business magnates of late 19th and early 20th century America. Henry Ford, born in 1863 and died in 1947, was brought up in the farming lifestyle, and grew to dislike it. When he turned 15 he went to Detroit and trained as a machinist. In 1890 Ford began to experiment with things such as the
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horseless carriage, and in about 1896, he completed his first car, the quadricycle. Through the following yrs he tried unsuccessfully to get it into production, until 1903 when he launched the Ford Motor Company. The company was backed up with $100 000 dollars of capital, of which $28 000 was in cash. Ford had formulated his own ideal of production stating "The way to make automobiles is to make one automobile like another automobile, to make them all alike." Although, as simple as it sounds, this statement brought spectacular success to the Model T Ford, produced in 1903. Henry Ford ...

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