He himself refused to give up the silver issue, which cost him some support among anti-imperialists in the Northeast who were for gold. In 1898 opponents of expansion formed the Anti-Imperialist League to fight against the peace treaty. It enlisted more democrats than republicans. They were weakened by the fact that they lacked coherent program.
Standard Oil- they owned wells, timberlands, barrel n chemical plants, refineries, warehouses, pipelines, n fleets of tankers n oil cars. Its marketing organization served as the model for the industry. In 1881, Samuel Dodd set up a Standard Oil Trust to manage all Standard's properties.
J.P. finiance capitalists tended to replace the industrial capitalists of an ealier era. Able to finiance the mergers n reorganizations, investment bankers played a greater n greater role in the economy. A multibillion finicial house, Jp n company operated a network of control that ran from New York to every industrial n finiacial center in the nation.
Andrew Carnegie: In 1865, he resigned to establish his own business enterprises and eventually organized the Carnegie Steel Company, which launched the steel industry in Pittsburgh. At age sixty-five, he sold the company to J. P. Morgan for $480 million and devoted the rest of his life to his philanthropic activities and writing, including his autobiography. In 1889 he wrote The Gospel of Wealth, in which he asserted that all personal wealth beyond that required to supply the needs of one's family should be regarded as a trust fund to be administered for the benefit of the community. .
Thomas Edison: A genius in the practical application of scientific principles, Edison was one of the greatest and most productive inventors of his time. Edison's first inventions were the transmitter and receiver for the automatic telegraph, a system of transmitting four simultaneous messages, and an improved stock-ticker system. In 1879, Edison created the first commercially practical incandescent lamp He also built and operated an experimental electric railroad, and produced a superior storage battery of iron and nickel with an alkaline electrolyte.
