Business Monoploies

Business Monopolies

This 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