By Sebastian Schmid
It’s simple to look at the wealthy and powerful of the twentieth century, such as Elon Musk, Bill Gates, Jeff Bezos, and Mark Zuckerberg. The reality is that the tycoons of the twentieth century were less impressive than their predecessors of the nineteenth century. The latter surpassed them in wealth, wisdom, and devotion.
Here is a list of a few of the 19th century’s most powerful tycoons who amassed wealth and used it to benefit society, such as by creating more jobs and higher revenues.
John D. Rockefeller
John D. Rockefeller, the Standard Oil Company’s founder, was born in 1837. In 2018, his market value was guesstimated to be $400 billion. He profited in the oil business and regulated roughly 90% of the refineries and pipelines in the United States during the early 1880s.
It is even said that he spent the second half of his life going senile and devoting himself to philanthropy.
Andrew Carnegie
He was a self-made man who rose and became one of the richest heroes of his progeny. Andrew was born in Dunfermline, Scotland, and later emigrated to the United States as a kid.
An industrialist, he produced most of his wealth in the thriving steel industry. Later gave away 90% of his fortune to charitable endeavours.
Cornelius Vanderbilt
Another of the wealthiest men anyone who lived, famously known as ‘The Commodore,’ was a mogul and philanthropist who made the majority of his fortune through shipping and railroad construction. After joining his father’s ferry, he quickly debuted his boats, earning him the moniker “The Commodore.” Give this name to the prestigious Vanderbilt University in Tennessee later on.
Henry Ford
Henry Ford was an industrialist who valued his employees and believed that well-paid employees would be happier and more productive. As a result, Ford employees were expected to work eight hours a day, five days a week.
Ford was famed for his philanthropic efforts, such as the Henry Ford Hospital for the poor and working-class who could only possibly pay a portion of their basic healthcare cost, and other organizations like the 80-acre Valley Farm for orphaned boys during the Great Depression.
John Jacob Astor
Astor, the glorious Astor family’s founder, was born in Germany and moved to the United States. He built his wealth by trading fur and subsequently investing in real estate. He had an incredible gift for prophecy, foreseeing events far before anyone else.
He was the great grandfather of John Jacob Astor IV, a businessman magnate, investor and many other things, that unfortunately died at the age of 47 on the Titanic.
Conclusion
It is safe to say, that no one will be able to surpass the impact that these people had on America’s development and future.