Business MonoploiesBusiness MonoploiesBusiness MonopoliesThis world is made up of many businesses and businessman. Some have prospered and some have lost everything. The term “monopoly” was the cause for the rise and fall. Very select few have managed to dominate a product or company to form a monopoly. Unfortunately, the government prohibits these types of businesses, yet people still continue to strive to achieve such stature. Two of the truest powerhouses of the past 300 years in the business world would most definitely be William Henry Gates 3rd and John Davison Rockefeller. Both of these business geniuses have unique stories about their rise to the top. They also share there experiences on how quickly they can fall and lose everything.
William Gates was born on October 28, 1955. His family had a history of being great in business and politics. His father was a prominent lawyer and his grandfather a president of a bank. Bill was a naturally gifted child who excelled in every course. His parents
decided to send him to a private school, which had an enormous effect on him. It was here where he was introduced to the computers. While attending this private school, he met Paul Allen. Allen, Gates, and a few other kids, started using computers to write programs but decided that they needed some way to practically use the machine in the real world. They got their first chance when Paul happened to see a magazine with a picture of a personal computer. He told Gates, who at the time was attending at Harvard. They both decided to call the company and tell them that they had written an operating system for the computer. This, however, was a lie because they did not even own one of these machines. They had one chance to test the program and it worked perfectly. Gates then dropped out of Harvard and he and Allen started a new company called Microsoft. In 1980, the two were approached about programming a program for a personal PC. This was the start of Ms-Dos. In 1987, he started pushing CD-ROMs, which turned out to be a good idea. The 1990s were crazy years for Microsoft. The company became a big time player and got bigger and bigger. As Microsoft became a larger and more powerful company, they became able to use Predatory pricing to their advantage. That meant that they were able to cut their price so low no one could compete. In addition, Bill has a knack for getting PC companies to do things for Microsoft, such as putting windows on their computers or altering their program to make Microsoft work better than anything else does. These side tasks caused suspicion among the people, which ended up putting Microsoft under the microscope by the federal government. They decided in early 2000, that Microsoft needed to be split in two or have heavy regulations on them. Only time will tell what will happen to “the richest man in the world” business.
J D Rockefeller was born on July 8, 1839 in Richford NY. His father was a con artist who dealt worthless items to people and had several bastards working for him. On September 26 in 1955, he was just 16 when he got a bookkeeping job that paid $.50 a day. He celebrated that day for many years. I wish I got excited over $.50. He was also a very religious person. Smoking or drinking was not something he agreed with. J D then opened his first business, which happened to be in the oil refinery business. He and his partner Sam Andrews opened a refinery in Cleveland. In 1870, he formed Standard Oil, which was a public company. J D had a knack for getting other companies to sell to him or to go out of business. He made secret deals with people running the railroads, such as where he would pay the normal
p> for railroad money. He also had the good fortune to spend on the United States Capitol building where he stood for 11 years, which he sold. It was also his home for years, which was kept in a barn. After his life he moved on to other business, but soon abandoned his interest in being a banker. He worked in the oil field and on paper bank accounts and was also active as a journalist and political figure. J D was also known as a carpenter and mechanic, although his name doesn’t appear in this paper account. He ran his own furniture, furniture, bookshelf, and was a real estate developer at one time. He became a banker with his friend and partner George W. Waggoner at the U.S. Mint, who also owned a company in Chicago, which he invested to cover their costs. It is known that J D also had a fortune in real estate.
(2) J D Rockefeller spent quite a bit of money on the real estate industry, which he had started because of his connection to the “sunny days.” He started off by building a building project on a ranch near his father that he and Sam Andrews were trying to get started on. A couple of years later, he moved onto building his own ranch and making things. This is where his big investments went under the table. He owned a 1,300 sq. ft. ranch in Missouri, but he also spent $1 million buying up a small subdivision in Arkansas, and the ranch went out of business during their second sale. A few years later, his first big sale was on a gas company, at which J D made millions. The sale followed in part by a series of investments. First was the $10 million he got for shipping and then $15 million for the gas business. He also owned all of his homes in Kansas and New Jersey. In all of these investments, he was the beneficiary of his own wealth. First of all he had a 1,200 sq ft. ranch in the mountains in Kansas and his own 500 flatbed trucks. Then he owned land and farms throughout the country, but he didn’t have the money to buy these homes, and he bought up only a handful of the buildings. He was also able to put the majority of his profits in real estate in order to develop his ranch. His cattle operations were also very profitable. He also bought a real estate investment trust in the South, which included a new dairy farm in Maryland, but the sale fell short of the investments that he’d set down. Because the land had not yet been leased, he kept the cattle there for the next four years rather than moving them into the real estate investment trust. First, he bought land in New York City and bought a ranch there. Then he bought a few other land. Other times, he sold his ranch for an acre of land and used up the remaining space. At the end of that time, he sold the rest of his land for money and sold his ranch to