Corporate development during the Industrial Revolution was made in part by entrepreneurs. Entrepreneurs were the people who took responsibility for the organization and operation of a new business venture. These business men often risked the initial money for setting up different types of businesses. With the risk of large sums of money, some of these entrepreneurs made enormous profits. Two major entrepreneurs of American history are John D. Rockefeller and Andrew Carnegie. The Standard Oil Company founded by John D. Rockefeller and the U.S. Steel Company founded by Andrew Carnegie, both…
