Quotes About Competition

Benson's solution suited Rockefeller just fine: Tidewater, instead of cutting rates to compete with the railroads, would collude with them to raise rates.

In time, the government redefined the rules of the capitalist game to tame trusts and preserve competition, but as John D. Rockefeller set about building his fortune, the absence of clear-cut rules probably aided, at first, the creative vigor of the new industrial economy.

when Archbold took control in the mid-1890s, he kept domestic prices high while depressing foreign prices to diminish overseas competition.

He was a much less clever monopolist than his mentor.

In other words, the Sherman Antitrust Act wouldn't be used against U.S.

In other words, the Sherman Antitrust Act wouldn't be used against U.S. Steel.

The committees encouraged rivalry among local units by circulating performance figures and encouraging them to compete for records and prizes.

Between February 17 and March 28, 1872—between the first rumors of the SIC and the time it was scuttled—Rockefeller swallowed up twenty-two of his twenty-six Cleveland competitors. During

but Rockefeller started at the top, believing that if he could crack his strongest competitor first, it would have a tremendous psychological impact.

It is almost inconceivable that he did not suspect at moments that Archbold had learned some of his tricks from Senior.

The idea was not to compete, at least not too openly.

The struggle for the survival of the fittest, in the sea and on the land the world over, as well as the law of supply and demand, were observed in all the ages past until the Standard Oil Company preached the doctrines of cooperation, and it did cooperate so successfully and so fairly that its most bitter opponents were won over to its views and made to realize that rational, sane, modern, progressive administration was necessary to success.103

For many years, the Rothschilds, the Nobels, and Standard Oil circled around each other, each trying to forge links with a second party to isolate the third.

Rockefeller now left Andrew Carnegie far behind and probably had at least twice as much money as Carnegie did.

61 Pierpont's fortune didn't approach those of the great industrialists—Carnegie, Rockefeller, Ford, or Harriman—and he didn't quite edge out Jay Gould.

For Archbold, it was the Russians' failure to consolidate their domestic industry—that is, to suppress competition and establish a trust—that consigned them to secondary status.

If there had been as prompt and energetic action on the part of the Russian oil industry as was taken by the Standard Oil Company, the Russians would have dominated many of the world's markets

beneath the competitive veneer, the Rothschilds were eager to come to terms with Standard Oil:

It's twaddle, poisonous twaddle, put out for a purpose. As a matter of fact, we were all in a sinking ship, if existing cut-throat competition continued, and we were trying to build a lifeboat to carry us all to the shore. You don't have to threaten men to get them to leave a sinking ship in a lifeboat.

With virtuosic brilliance, Rockefeller and Flagler played these three railroads against each other in seemingly endless permutations.

Rockefeller never passed up a chance to exploit a legitimate advantage against his beleaguered rivals.

In absorbing competitors, Rockefeller was equally secretive and asked them to continue operating under their original names and not divulge their Standard Oil ownership.

The two sides projected competing nightmares of what would happen if the other side prevailed.

the three increasingly clash as they sell competing services.