How the Tycoons Became so Rich

John D. Rockefeller was one of the biggest tycoons in history.

          Tycoons such as Carnegie, Rockefeller, Vanderbilt, and Morgan, became wealthy because of their mind for buisness and bad ethics. They used many buisness strategies such as vertical integration, mergers, and limiting competition. They also used "Robber Barons", which is the raise of prices and lowering wages.                                                

J.P. Morgan  achieved his fortune in an oil company.

          The philosophy of Social Darwinism also made them content. Social Darwinism is the thought that God favored the rich and being poor was a sign of laziness and being inferior. This philosophy enabled the wealthy to get away with a lot.