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Andrew Carnegie born in Scotland
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Gustavus F. Swift- Birth
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John D. Rockefeller was born
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Carnegie comes to America. Immigrates to Pennsylvania.
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John D. Rockefeller- Attends Owego Academy
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Carnegie is hired by Thomas A. Scott as a secretary/telegraph operator with the Pennsylvania Railroad. Begins to learn about business.
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Gustavus F. Swift- First Butcher Shop
Swift opens his own butcher shop in Barnstable, Mass. -
Rockefeller and Clark built and oil refinery in Cleveland.
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Carnegie formed his first business, the Keystone Bridge Works company.
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Rockefeller bought out the Clark brothers for $72,500, and established the Rockefeller and Andrews.
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Rockefeller founded Standard Oil.
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Hathaway & Swift
Gustavus F. Swift forms a business partnership with James A. Hathaway. -
Carnegie forms his first steel works, called The Union Ironworks, in Pittsburgh.
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Hathaway& Swift moves to Chicago
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Swift and Bros. Company
Gustavus F. Swift forms company with brother Edwin C. Swift. -
Swift builds refrigerated railroad cars
Gustavus F. Swift hires engineer Andrew S. Chase to develop a new style of refrigerated cars for the transportation of dressed beef. -
Carnegie is able to produce 2.000 tons of steel per day.
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Gustavus S. Swift builds plant in Union Stock Yard
This plant is the largest meat-packing plant in the country. -
Swift and Company is incorporated
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Carnegie published The Gospel of Wealth
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John D. Rockefeller
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Carnegie buys out most of his competitors and formed the Carnegie Steel Company.
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"Big Five" of meat-packing form
At this point, Swift and Co. has joined with other meat-packing giants in order to dominate the industry and informally decide price, wages, and other concerns. -
Carnegie Steel Company is bought out by J.P. Morgan, who forms the United States Steel Corporation.
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Carnegie dies.
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Rockefeller dies.