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- (gunshot)
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- (shouting and
indistinct clamor)
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- NARRATOR: Just five days
after the end of the Civil War,
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00:01:15,159 --> 00:01:17,619
President Abraham Lincoln
is the final
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00:01:17,703 --> 00:01:19,543
of the six hundred
thousand deaths
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00:01:19,621 --> 00:01:21,871
in America's
bloodiest conflict.
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The country is divided,
and the world looks
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00:01:28,464 --> 00:01:32,094
at American democracy
as a failed experiment.
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00:01:35,804 --> 00:01:41,434
But what most don't realize
is that a new era has dawned.
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00:01:44,271 --> 00:01:47,941
The nation is entering
an age of advancement,
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00:01:48,734 --> 00:01:51,324
and from the void left by
the death of perhaps
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00:01:51,403 --> 00:01:53,913
the greatest statesman
we will ever know,
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00:01:53,989 --> 00:01:57,069
a new breed of
leader will emerge.
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00:01:57,159 --> 00:01:59,909
- DONNY DEUTSCH: The
Rockefellers, the Fords,
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00:01:59,995 --> 00:02:03,535
the Carnegies, were the
first generation
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00:02:03,624 --> 00:02:06,254
of what we know as now the
entrepreneurial rock stars,
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00:02:06,335 --> 00:02:07,955
or what are
today are the Buffets,
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00:02:08,045 --> 00:02:09,495
and the Jobs,
and the Gates.
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00:02:09,588 --> 00:02:12,468
They were the ones that set the
standard for the American dream.
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00:02:12,549 --> 00:02:15,839
They owned a new frontier--
literally and figuratively--
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00:02:15,928 --> 00:02:17,638
of who we are
as a culture.
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00:02:23,685 --> 00:02:26,395
- NARRATOR: Men of
insight, innovation,
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00:02:26,480 --> 00:02:29,860
and ingenuity, the likes
of which the world
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00:02:29,942 --> 00:02:34,112
has never seen, and over
the next five decades,
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00:02:34,196 --> 00:02:36,606
this small group
will change history,
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00:02:37,950 --> 00:02:42,450
propelling the United States
ofAmerica to greatness.
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00:02:42,538 --> 00:02:44,998
- DONALD TRUMP: These
were great men
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00:02:45,082 --> 00:02:47,462
with a vision that
nobody else had.
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And that's why in
the last century--
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00:02:49,294 --> 00:02:52,304
that fifty year period--
we built the world.
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- (Blues Saraceno playing
"Save My Soul")
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00:03:11,316 --> 00:03:13,646
♪ When I got to Memphis ♪
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00:03:14,528 --> 00:03:17,108
♪ To put my
ol' baby down ♪
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00:03:17,197 --> 00:03:20,867
♪ He said, "I can't
take you to Heaven" ♪
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00:03:20,951 --> 00:03:23,831
♪ "I can't save
your soul" ♪
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00:03:25,747 --> 00:03:28,327
♪ "I can't
promise forever" ♪
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00:03:28,417 --> 00:03:32,997
♪ Whoa, yeah, got my
heart in your hands ♪
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00:03:34,256 --> 00:03:36,126
♪ I can't feel ♪
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♪ Feel my soul ♪
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- (ship horn blows)
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- NARRATOR: For the first
time in the country's
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short existence,
the man most capable
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00:03:57,946 --> 00:04:01,366
of leading America
is not a politician.
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00:04:02,951 --> 00:04:06,621
He's a self-made man, who,
through sheer force of will,
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00:04:06,705 --> 00:04:08,535
turned a poor
upbringing on the docks
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00:04:08,624 --> 00:04:11,714
of New York Harbor,
into an empire.
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00:04:20,218 --> 00:04:23,178
At sixteen, Cornelius
Vanderbilt buys
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00:04:23,263 --> 00:04:26,813
a small ferry boat with a
one hundred dollar loan.
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00:04:27,809 --> 00:04:31,939
He quickly earns a reputation
as a cutthroat businessman,
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00:04:32,022 --> 00:04:36,282
willing to use any means
necessary to get ahead.
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00:04:39,363 --> 00:04:43,163
- MARK CUBAN: Back then, it
was just pure competition.
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00:04:43,241 --> 00:04:44,661
My brain
against your brain.
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00:04:44,743 --> 00:04:46,243
My effort against
your effort.
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00:04:46,328 --> 00:04:47,698
You just competed.
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00:04:59,758 --> 00:05:01,128
That's the way they
looked at business.
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00:05:01,218 --> 00:05:02,888
It was the
Wild, Wild West,
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00:05:02,970 --> 00:05:05,850
and by hook or crook,
it was just win or lose,
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00:05:05,931 --> 00:05:07,471
and the best win.
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00:05:13,689 --> 00:05:14,939
- He was a tough guy.
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00:05:15,023 --> 00:05:16,943
Getting into scraps
with other men,
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00:05:17,025 --> 00:05:19,605
beating the hell out of them
and knocking them unconscious.
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00:05:19,695 --> 00:05:22,275
That competitive streak,
and that toughness,
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00:05:22,364 --> 00:05:24,494
very much defined
his character.
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00:05:30,539 --> 00:05:32,579
- NARRATOR: His single
ferry soon becomes
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00:05:32,666 --> 00:05:36,626
a fleet of ships, transporting
goods and passengers
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00:05:36,712 --> 00:05:39,552
to every corner of the
growing country.
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00:05:41,049 --> 00:05:44,009
Vanderbilt will become so
synonymous with shipping
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00:05:44,094 --> 00:05:47,144
that his nickname
becomes "the Commodore".
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00:05:47,222 --> 00:05:49,222
- I think Vanderbilt
recognized
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00:05:49,307 --> 00:05:52,597
that what was going to be
important is transporting goods
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00:05:52,686 --> 00:05:53,686
from one place to another.
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00:05:53,770 --> 00:05:57,360
And he had this idea that
required infrastructure,
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00:05:57,441 --> 00:05:59,731
and not infrastructure the
government was going to provide,
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00:05:59,818 --> 00:06:01,938
but that he
was going to provide.
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00:06:03,989 --> 00:06:06,199
- NARRATOR: Over
the next forty years,
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00:06:06,283 --> 00:06:10,373
Vanderbilt builds the largest
shipping empire in the world.
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00:06:11,872 --> 00:06:13,832
Then, at the peak
of his power,
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00:06:13,915 --> 00:06:17,875
just before the Civil War,
he does the unthinkable.
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00:06:27,429 --> 00:06:30,849
Work is under way on the
first Transcontinental Railroad,
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00:06:30,932 --> 00:06:32,812
and the
Commodore realizes
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00:06:32,893 --> 00:06:36,023
that its completion will
transform America,
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00:06:36,104 --> 00:06:39,574
slashing cross-country
travel time by months.
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00:06:40,442 --> 00:06:43,742
- H.W. BRANDS: Railroads were
absolutely liberating,
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00:06:43,820 --> 00:06:46,450
because the railroads
allowed cheap
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00:06:46,531 --> 00:06:48,531
and efficient transportation
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00:06:48,617 --> 00:06:51,077
from one corner ofAmerica
to another.
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00:06:51,161 --> 00:06:53,541
- NARRATOR: Vanderbilt
sees his future.
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He sells all of his
ships and invests
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00:06:56,958 --> 00:06:59,748
everything he has in railroads.
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00:07:00,420 --> 00:07:02,630
- JACK WELCH: You talk
about seeing around corners
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00:07:02,714 --> 00:07:04,384
as an
element of success.
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00:07:04,466 --> 00:07:07,546
That's what differentiates
a good leader.
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00:07:07,636 --> 00:07:09,886
Not many people have it.
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00:07:09,971 --> 00:07:14,061
Not many people can
predict that corner.
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00:07:14,684 --> 00:07:18,734
That is a characteristic
of great leaders.
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- (train whistle blows)
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- NARRATOR: His decision to
invest heavily in rail pays off.
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By the end of the war,
Vanderbilt
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00:07:34,830 --> 00:07:37,540
is the richest man in America,
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00:07:37,624 --> 00:07:41,754
with a net worth of over
sixty-eight million dollars,
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the equivalent of seventy-five
billion today.
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But all that money can't
buy his escape
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00:07:48,802 --> 00:07:50,592
from the war's devastation.
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- (ship horn blows)
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00:08:10,365 --> 00:08:12,155
In the wake of the Civil War,
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00:08:12,242 --> 00:08:18,752
a country mourns publicly,
while Vanderbilt does so privately.
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- FORTUNE TELLER: The
first card is the past,
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00:08:31,261 --> 00:08:36,141
the second, the present,
and the third is the future.
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00:08:42,105 --> 00:08:45,145
There has been an
unexpected loss.
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Someone close to you.
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- VANDERBILT: My son. George.
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He died in the war.
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00:09:01,583 --> 00:09:03,213
What about the future?
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00:09:03,293 --> 00:09:06,053
- FORTUNE TELLER:
The chariot.
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00:09:06,129 --> 00:09:07,709
There will be a war.
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00:09:09,257 --> 00:09:11,087
- VANDERBILT:
The war's over.
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00:09:11,176 --> 00:09:14,546
- No. Your war is
about to begin.
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- Hey.
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Watch it, man!
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00:09:26,775 --> 00:09:28,065
- (shouting)
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- (glass shattering)
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00:09:34,616 --> 00:09:37,866
- NARRATOR: Tormented by
the loss of his favorite son,
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Vanderbilt's empire is more
vulnerable than ever before.
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00:09:45,794 --> 00:09:48,924
- J.S. STILES: For Vanderbilt,
this is a great tragedy.
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00:09:49,005 --> 00:09:52,085
He had one son who
had that same sense
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00:09:52,175 --> 00:09:54,385
of physical strength
and ability,
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00:09:54,469 --> 00:09:56,469
and he had died when he
was still quite young.
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00:09:56,554 --> 00:09:58,934
It was deeply troubling
for the Commodore.
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00:10:00,558 --> 00:10:03,098
- NARRATOR: For years,
Vanderbilt groomed George
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00:10:03,186 --> 00:10:05,306
to take over the
family business.
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00:10:06,481 --> 00:10:08,901
Now, the Commodore is
forced to rely
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00:10:08,984 --> 00:10:12,284
on his less accomplished
son, William.
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00:10:18,159 --> 00:10:19,989
- I'm making you
operations director
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00:10:20,078 --> 00:10:21,908
of the Hudson Railroad.
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00:10:26,710 --> 00:10:29,920
- NARRATOR: Vanderbilt
places William in the midst
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00:10:30,005 --> 00:10:34,125
of negotiations with the owners
of a rival railroad.
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00:10:35,176 --> 00:10:36,926
- So name your price.
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00:10:39,639 --> 00:10:42,849
- If you give us your
freight, year round,
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00:10:43,226 --> 00:10:46,186
we will give you the privilege
of allowing your passengers
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00:10:46,271 --> 00:10:50,611
access into Manhattan for
two hundred thousand.
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00:10:51,693 --> 00:10:55,153
- That privilege is
not worth two hundred thousand.
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00:10:57,574 --> 00:11:00,414
- Then let us settle
on one hundred thousand?
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00:11:00,493 --> 00:11:02,623
I believe that to be a
fair and generous offer.
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00:11:02,704 --> 00:11:05,834
- I'm not really
interested in your generosity.
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00:11:05,915 --> 00:11:08,415
I'm only interested in
getting the best deal
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00:11:08,501 --> 00:11:10,131
for my shareholders.
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00:11:10,211 --> 00:11:11,631
And that does not
include handing
148
00:11:11,713 --> 00:11:15,923
over one hundred thousand
dollars, or even one dollar.
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00:11:16,009 --> 00:11:18,889
- My father wants only
what he believes is right.
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00:11:18,970 --> 00:11:22,430
- The trouble is, your father
doesn't know what is right.
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00:11:23,600 --> 00:11:26,140
The old man should be
put out to pasture.
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00:11:41,242 --> 00:11:44,202
- NARRATOR: The
message is clear.
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00:11:44,287 --> 00:11:48,917
The competition no longer sees
Vanderbilt as a man to fear.
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00:11:49,000 --> 00:11:50,960
- DONNY DEUTSCH: People
are always rooting
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00:11:51,044 --> 00:11:53,174
for very successful
people to fail.
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00:11:53,671 --> 00:11:56,261
The day people are not
taking shots at you means
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you're not on top anymore.
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00:11:59,094 --> 00:12:01,854
- NARRATOR: But where
they see weakness,
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00:12:01,930 --> 00:12:04,010
the Commodore sees
an opportunity
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00:12:04,099 --> 00:12:05,769
to assert his dominance,
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00:12:07,936 --> 00:12:12,306
and teach William what it means
to be a Vanderbilt.
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00:12:17,529 --> 00:12:20,529
- VANDERBILT: If
they want a war,
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00:12:21,950 --> 00:12:23,910
I'll give them a war.
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00:12:36,464 --> 00:12:39,514
- NARRATOR: Vanderbilt
owns the only rail bridge
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into New York City.
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00:12:41,636 --> 00:12:45,006
It's the gateway to the
country's largest port,
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00:12:45,098 --> 00:12:47,768
supplying the
entire continent.
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00:12:49,144 --> 00:12:52,064
Vanderbilt knows this is
the hammer he needs to beat
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00:12:52,147 --> 00:12:54,357
his rivals
into submission.
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00:12:57,360 --> 00:12:58,440
- Sit down.
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00:13:03,700 --> 00:13:06,620
I want you to close
the Albany Bridge.
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00:13:18,089 --> 00:13:20,049
- (brakes squealing)
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- NARRATOR:
Without the bridge,
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every other railroad is
shut out of New York City.
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- J.S. STILES: Vanderbilt,
in essence,
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single-handedly erected
a blockade
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00:13:32,437 --> 00:13:35,267
around the nation's largest
city, cutting it off
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00:13:35,356 --> 00:13:37,186
from contact with the
rest of the country.
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00:13:37,275 --> 00:13:40,435
He was now asserting
his dominance.
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00:13:40,528 --> 00:13:42,608
- CONDUCTOR: Ladies
and gentlemen,
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00:13:42,697 --> 00:13:45,277
this train will not
be going any farther!
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- We're gonna
watch them bleed.
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00:13:57,003 --> 00:14:01,763
- NARRATOR: The Civil War
has left America in ruins.
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00:14:03,801 --> 00:14:06,011
For the first time
in its history,
185
00:14:06,095 --> 00:14:08,255
the nation must rebuild.
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00:14:09,849 --> 00:14:12,639
Over fifty-thousand miles
of railroad track
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00:14:12,727 --> 00:14:14,847
have transformed the country.
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00:14:17,148 --> 00:14:20,398
"Commodore" Cornelius
Vanderbilt grew up poor,
189
00:14:20,860 --> 00:14:23,740
but has created a
railroad empire,
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00:14:23,821 --> 00:14:27,411
making him the richest
man in the country.
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00:14:28,493 --> 00:14:33,293
At 72, he's thirty years past
the average life expectancy,
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00:14:33,373 --> 00:14:36,633
and his competitors
see him as weak.
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00:14:37,168 --> 00:14:40,338
It's a mistake they'll
come to regret.
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00:14:41,381 --> 00:14:44,091
Locked in a battle for
control of the rail lines
195
00:14:44,175 --> 00:14:46,045
east of the Mississippi,
196
00:14:47,679 --> 00:14:50,679
the Commodore is
holding nothing back.
197
00:14:50,765 --> 00:14:53,515
- I want you to close
the Albany Bridge.
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00:14:56,646 --> 00:14:58,646
We're gonna
watch them bleed.
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00:15:03,486 --> 00:15:06,696
- NARRATOR: Vanderbilt
controls the only bridge
200
00:15:06,781 --> 00:15:10,281
into New York City,
America's busiest port.
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00:15:12,203 --> 00:15:16,123
Seizing an opportunity,
he sets up a blockade.
202
00:15:16,958 --> 00:15:21,298
- (train chugging
and hissing)
203
00:15:33,725 --> 00:15:36,385
- This train will not
be going any farther!
204
00:15:36,477 --> 00:15:38,097
- (indistinct clamor)
205
00:15:39,397 --> 00:15:41,897
- NARRATOR: Shutting the
bridge leaves millions of pounds
206
00:15:41,983 --> 00:15:44,783
of cargo unable to reach
the rest of the country,
207
00:15:47,614 --> 00:15:50,954
and slowly bleeds
his competitors dry.
208
00:16:10,511 --> 00:16:12,601
Before their stock
is worthless,
209
00:16:12,680 --> 00:16:14,810
the presidents of the
rival railroad
210
00:16:14,891 --> 00:16:17,231
try to sell all their shares.
211
00:16:23,232 --> 00:16:25,902
Word quickly
reaches Wall Street,
212
00:16:25,985 --> 00:16:27,855
triggering a
massive sell-off.
213
00:16:27,945 --> 00:16:30,405
- (trading floor clamor)
214
00:16:46,506 --> 00:16:49,006
- Come on, put some money
in that. Come on.
215
00:16:50,301 --> 00:16:53,891
- New York Central
shares are dropping fast.
216
00:16:54,430 --> 00:16:55,430
- How low?
217
00:16:57,350 --> 00:16:58,730
- $20 a share.
218
00:17:02,980 --> 00:17:05,190
- Buy everything you can.
219
00:17:15,243 --> 00:17:18,583
- (trading floor clamor)
220
00:17:28,464 --> 00:17:31,884
- T.J. STILES: Vanderbilt was
buying all of that stock
221
00:17:31,968 --> 00:17:34,888
that suddenly flooded the market
at rock-bottom prices.
222
00:17:34,971 --> 00:17:37,351
- (trading floor clamor)
223
00:17:37,432 --> 00:17:38,562
- Three aces.
224
00:17:38,641 --> 00:17:40,521
- MAN: Ooh, that's good.
225
00:17:42,478 --> 00:17:45,268
- NARRATOR: In just days,
Vanderbilt takes control
226
00:17:45,356 --> 00:17:48,686
of the rival railroad,
creating the largest
227
00:17:48,776 --> 00:17:51,486
single rail
company in America.
228
00:18:02,165 --> 00:18:04,535
- J.S. STILES: The New York
Central railroad
229
00:18:04,625 --> 00:18:06,835
became the centerpiece
of his empire,
230
00:18:06,919 --> 00:18:10,379
and it came to him as
the sudden result
231
00:18:10,465 --> 00:18:13,505
of a skillfully executed
campaign to get revenge.
232
00:18:13,593 --> 00:18:17,933
- NARRATOR: Railroads
soon criss-cross America,
233
00:18:18,014 --> 00:18:19,894
tying together the
country in a way
234
00:18:19,974 --> 00:18:23,774
that just fifteen years
earlier was unimaginable,
235
00:18:24,145 --> 00:18:26,935
and providing
over 180,000 jobs.
236
00:18:27,815 --> 00:18:30,565
Laying tracks becomes
America's engine
237
00:18:30,651 --> 00:18:32,651
for unprecedented growth.
238
00:18:32,737 --> 00:18:36,737
- H.W. BRANDS: Railroads
allowed the industrial economy
239
00:18:36,824 --> 00:18:39,794
to boom in ways that it
couldn't have before.
240
00:18:40,495 --> 00:18:43,455
- ALAN GREENSPAN: One
advance after the other,
241
00:18:43,539 --> 00:18:47,749
which essentially was
led by the railroads,
242
00:18:47,835 --> 00:18:52,205
largely because there was
a need to close the gap
243
00:18:52,298 --> 00:18:55,588
between those east
of the Mississippi
244
00:18:55,676 --> 00:18:57,796
and those on the West Coast.
245
00:18:59,806 --> 00:19:02,596
- NARRATOR: Vanderbilt
has made himself
246
00:19:02,683 --> 00:19:04,983
the undisputed king
of railroads.
247
00:19:06,145 --> 00:19:09,475
And now, he wants
the world to know it.
248
00:19:10,066 --> 00:19:12,646
He envisions a monument
that will symbolize
249
00:19:12,735 --> 00:19:14,395
his immense power.
250
00:19:20,660 --> 00:19:23,200
- Work will begin on
building a new station
251
00:19:23,287 --> 00:19:25,457
that will bring together
the three railroads:
252
00:19:25,540 --> 00:19:28,750
the Harlem, the Hudson,
and the Central.
253
00:19:28,835 --> 00:19:31,035
It shall be in the
heart of New York,
254
00:19:31,128 --> 00:19:34,798
and be called the
Grand Central Depot.
255
00:19:47,728 --> 00:19:51,018
- NARRATOR: Thousands
of workers labor
256
00:19:51,107 --> 00:19:55,527
over the next two years,
on the most ambitious
257
00:19:55,611 --> 00:19:59,281
urban construction project
America has ever seen.
258
00:20:02,660 --> 00:20:04,830
Grand Central is the
biggest building
259
00:20:04,912 --> 00:20:10,462
in all of New York City, and
the biggest train station
260
00:20:10,543 --> 00:20:14,883
in the country, covering
some twenty-two acres.
261
00:20:23,389 --> 00:20:27,179
- T.J. STILES: This enormous
building towered
262
00:20:27,268 --> 00:20:30,398
over every other building in
New York at the time.
263
00:20:30,479 --> 00:20:33,689
And it was a physical
symbol of the size and power
264
00:20:33,774 --> 00:20:36,114
of Vanderbilt's
railroad empire.
265
00:20:36,193 --> 00:20:38,403
Its importance as
a physical symbol,
266
00:20:38,487 --> 00:20:40,567
as a physical capital
of his empire,
267
00:20:40,656 --> 00:20:42,196
cannot be underestimated.
268
00:20:42,283 --> 00:20:46,243
And it still stamps New
York's geography to this day.
269
00:20:50,291 --> 00:20:55,091
- NARRATOR: Vanderbilt
may be on top of the world,
270
00:20:56,130 --> 00:20:58,550
but his blind
ambition will soon make him
271
00:20:58,633 --> 00:21:01,343
vulnerable to a
challenge coming
272
00:21:01,427 --> 00:21:04,387
from the most unlikely
pair imaginable.
273
00:21:04,472 --> 00:21:05,722
- (laughing)
274
00:21:05,806 --> 00:21:07,056
- To Vanderbilt's money!
275
00:21:07,141 --> 00:21:09,141
- (laughing)
276
00:21:17,777 --> 00:21:20,737
- NARRATOR: The growth
of the railroads thrusts
277
00:21:20,821 --> 00:21:23,411
America into the biggest
building expansion
278
00:21:23,491 --> 00:21:28,751
the country has ever seen, led
by a new breed of leader.
279
00:21:28,829 --> 00:21:30,539
- STEVE CASE: The story
ofAmerica
280
00:21:30,623 --> 00:21:32,373
isn't just the story
of the patriots
281
00:21:32,458 --> 00:21:34,168
that helped build
the democracy.
282
00:21:34,251 --> 00:21:36,171
The reason the United
States is a leading economy
283
00:21:36,253 --> 00:21:38,053
in the world is
because of the work
284
00:21:38,130 --> 00:21:40,920
of entrepreneurs who created
entire industries
285
00:21:41,008 --> 00:21:43,338
that propelled the United
States to be the leader
286
00:21:43,427 --> 00:21:45,007
of the free world.
287
00:21:45,096 --> 00:21:48,716
- NARRATOR: One man,
Cornelius Vanderbilt,
288
00:21:49,976 --> 00:21:52,766
through brute force
and intimidation,
289
00:21:52,853 --> 00:21:56,403
has made himself the undisputed
king of the railroads.
290
00:21:58,359 --> 00:22:02,149
He now owns forty percent
ofAmerica's train lines.
291
00:22:06,033 --> 00:22:07,623
But he wants them all.
292
00:22:07,702 --> 00:22:09,832
- DONNY DEUTSCH: To me,
it's always "What's next?"
293
00:22:09,912 --> 00:22:12,082
and I think that's what drives
most very successful people.
294
00:22:12,164 --> 00:22:13,214
It's never
about the money.
295
00:22:13,290 --> 00:22:14,920
I mean, that's a way
of keeping score.
296
00:22:15,001 --> 00:22:17,291
It's about achievement,
and it's about winning a game,
297
00:22:17,378 --> 00:22:19,168
and it's about
upping the ante.
298
00:22:21,424 --> 00:22:25,054
- NARRATOR: Chicago is
America's fastest growing city.
299
00:22:25,386 --> 00:22:27,256
The line connecting
it to New York
300
00:22:27,346 --> 00:22:30,306
is the most traveled and
valuable in all the world.
301
00:22:32,059 --> 00:22:34,229
And it's not Vanderbilt's.
302
00:22:36,439 --> 00:22:38,569
To make his
empire complete,
303
00:22:38,649 --> 00:22:41,819
he must gain control
of the Erie Line.
304
00:22:46,657 --> 00:22:49,827
- The Erie was one of the
relatively early publicly
305
00:22:49,910 --> 00:22:51,200
traded corporations.
306
00:22:51,954 --> 00:22:53,714
Vanderbilt had
the advantage
307
00:22:53,789 --> 00:22:56,329
of millions and millions
of dollars.
308
00:22:56,417 --> 00:22:58,877
Deep pockets are always
an advantage
309
00:22:58,961 --> 00:23:01,961
when you're trying to gain
control of a corporation.
310
00:23:06,260 --> 00:23:09,300
- (trading floor clamor)
311
00:23:09,388 --> 00:23:13,388
- NARRATOR: Vanderbilt
instructs his agents
312
00:23:13,476 --> 00:23:16,386
to buy up as much
stock as possible...
313
00:23:16,479 --> 00:23:18,649
- Buying Erie!
Buying Erie!
314
00:23:18,731 --> 00:23:21,231
- NARRATOR: ... demanding
control of the company
315
00:23:21,317 --> 00:23:22,527
by the end of the week.
316
00:23:22,610 --> 00:23:24,190
- Erie at forty-five!
317
00:23:24,278 --> 00:23:26,818
- NARRATOR: It's a
vintage Vanderbilt move--
318
00:23:26,906 --> 00:23:31,656
one he pioneered--known
today as a "hostile takeover".
319
00:23:32,620 --> 00:23:33,910
- Erie, fifty!
320
00:23:38,459 --> 00:23:41,539
- NARRATOR: But his
attempt will be thwarted
321
00:23:41,629 --> 00:23:47,009
by an even more ingenious
idea cooked up by two unknowns:
322
00:23:48,260 --> 00:23:50,300
Jay Gould and Jim Fisk.
323
00:23:50,387 --> 00:23:52,057
- JIM FISK: All right.
324
00:23:52,139 --> 00:23:54,179
- The mistake that the
Erie Board have made is
325
00:23:54,266 --> 00:23:56,346
that they have telegraphed
where they need to expand
326
00:23:56,435 --> 00:23:57,805
without securing
the land first.
327
00:23:57,895 --> 00:23:59,475
- NARRATOR: Gould
and Fisk are stuck
328
00:23:59,563 --> 00:24:01,863
in middle-management
at the Erie.
329
00:24:01,941 --> 00:24:04,651
But they represent the new
America that Vanderbilt
330
00:24:04,735 --> 00:24:06,275
is helping to create.
331
00:24:06,654 --> 00:24:09,994
One of self-made men
with ruthless ambition.
332
00:24:11,575 --> 00:24:13,985
And after years of
watching the Commodore
333
00:24:14,078 --> 00:24:18,368
dominate, they're eager
to build their own empire.
334
00:24:18,874 --> 00:24:21,004
They recognize
Vanderbilt's plan
335
00:24:21,085 --> 00:24:24,665
to buy the line, and
see the opportunity
336
00:24:25,005 --> 00:24:26,705
they've been waiting for.
337
00:24:26,799 --> 00:24:28,509
- TED TURNER:
Competition, I think,
338
00:24:28,592 --> 00:24:31,222
it's good for the system,
and it's really, I think,
339
00:24:31,303 --> 00:24:33,103
what most
businesses is about,
340
00:24:33,180 --> 00:24:36,770
is doing a better job, and
out-hustling your competitors.
341
00:24:44,316 --> 00:24:48,276
- NARRATOR: Gould and
Fisk begin printing
342
00:24:48,362 --> 00:24:50,162
new shares of stock,
343
00:24:52,700 --> 00:24:54,080
using a printing press
344
00:24:54,160 --> 00:24:57,160
they set up in the basement
of the Erie offices.
345
00:24:58,539 --> 00:25:01,749
Each share they print
dilutes Vanderbilt's stake
346
00:25:01,834 --> 00:25:06,134
in the company, and they
print over one hundred thousand.
347
00:25:06,213 --> 00:25:09,973
- H.W. BRANDS: There was some
fine print in one of the clauses
348
00:25:10,050 --> 00:25:11,720
of the Erie's
charter that allowed
349
00:25:11,802 --> 00:25:14,642
the board of directors
to issue new stock,
350
00:25:14,930 --> 00:25:17,180
unbeknownst to
the shareholders.
351
00:25:17,600 --> 00:25:18,730
- Go.
352
00:25:20,144 --> 00:25:22,484
- H.W. BRANDS: And so, the more
shares that Vanderbilt
353
00:25:22,563 --> 00:25:27,153
bought, the more he had to
buy in order to approach
354
00:25:27,234 --> 00:25:28,654
that magic majority.
355
00:25:31,280 --> 00:25:35,450
- NARRATOR: Their plan is known
as "watering down stock".
356
00:25:35,534 --> 00:25:38,084
Highly illegal
today, at the time,
357
00:25:38,162 --> 00:25:40,622
it had never
been imagined.
358
00:25:40,706 --> 00:25:42,786
Its simplicity
is brilliant.
359
00:25:45,294 --> 00:25:47,884
And Wall Street
is never the same.
360
00:25:48,797 --> 00:25:51,047
- MARK CUBAN: The only
rule was there were no rules.
361
00:25:51,133 --> 00:25:54,013
Whatever it took to put
your competition
362
00:25:54,094 --> 00:25:56,554
out of business, they were
gonna try to do it.
363
00:25:58,641 --> 00:26:03,061
- NARRATOR: Unaware,
Vanderbilt continues to buy.
364
00:26:04,605 --> 00:26:06,855
- Think of the
look on his face.
365
00:26:06,941 --> 00:26:08,361
- (laughing)
366
00:26:08,442 --> 00:26:11,282
- Oh, God, I wish I could
be a fly on that wall.
367
00:26:11,362 --> 00:26:12,572
- (laughing)
368
00:26:28,837 --> 00:26:32,217
- NARRATOR: The freshly
printed shares
369
00:26:32,299 --> 00:26:35,129
are hand-delivered
to Vanderbilt.
370
00:26:42,518 --> 00:26:44,808
- Here are the
Erie shares.
371
00:26:46,689 --> 00:26:48,899
I assume we control
the company now.
372
00:27:21,682 --> 00:27:23,392
- A toast!
- A toast.
373
00:27:23,475 --> 00:27:24,475
- To money!
374
00:27:24,560 --> 00:27:25,640
- (laughing)
375
00:27:25,728 --> 00:27:27,228
- To Vanderbilt's money!
376
00:27:27,313 --> 00:27:28,813
- (laughing)
377
00:27:29,648 --> 00:27:32,278
- NARRATOR: Vanderbilt
has bought seven million dollars
378
00:27:32,359 --> 00:27:35,489
of watered-down
stock from Gould and Fisk.
379
00:27:37,364 --> 00:27:40,414
Today, worth over
one billion dollars.
380
00:27:46,540 --> 00:27:48,000
- (laughing)
381
00:27:53,839 --> 00:27:54,879
- (shouts)
382
00:28:06,018 --> 00:28:09,018
Vanderbilt has been
underestimated before,
383
00:28:12,066 --> 00:28:14,276
but if you
come at the king,
384
00:28:14,360 --> 00:28:16,740
you shouldn't
expect to win.
385
00:28:24,661 --> 00:28:26,581
The greatest growth
explosion
386
00:28:26,663 --> 00:28:29,293
in America's short
life is underway.
387
00:28:30,250 --> 00:28:34,000
Rail lines now connect
huge expanses of the country.
388
00:28:35,047 --> 00:28:37,547
Controlling them means
having power
389
00:28:37,633 --> 00:28:41,513
that just five years earlier
was unimaginable.
390
00:28:42,221 --> 00:28:44,721
Many are staking
their claim.
391
00:28:47,017 --> 00:28:49,687
- RON PERELMAN: I think
there are people
392
00:28:49,770 --> 00:28:54,070
in every generation that have
a vision that, um,
393
00:28:54,775 --> 00:28:57,235
transcends their
moment and their time.
394
00:28:58,862 --> 00:29:01,282
- NARRATOR: "Commodore"
Cornelius Vanderbilt owns
395
00:29:01,365 --> 00:29:04,275
more miles of rail than
anyone in the world.
396
00:29:05,160 --> 00:29:09,750
But like all men of power, he
faces constant challenges.
397
00:29:11,458 --> 00:29:12,578
- (shouts)
398
00:29:13,210 --> 00:29:16,710
- DONALD TRUMP: Competition
gets very aggressive.
399
00:29:16,797 --> 00:29:19,047
People have no idea
how aggressive it is.
400
00:29:19,133 --> 00:29:20,723
And sometimes, you
don't even hear it,
401
00:29:20,801 --> 00:29:22,391
because what goes on
behind your back
402
00:29:22,469 --> 00:29:25,179
is not a pretty picture.
- (laughing)
403
00:29:25,264 --> 00:29:26,894
- NARRATOR: At the
height of his power,
404
00:29:26,974 --> 00:29:30,144
Vanderbilt is outsmarted
by a pair of unknowns.
405
00:29:30,227 --> 00:29:31,687
- To Vanderbilt's money!
406
00:29:31,770 --> 00:29:33,060
- (laughing)
407
00:29:33,147 --> 00:29:36,227
- NARRATOR: Jay Gould and
Jim Fisk have fleeced
408
00:29:36,316 --> 00:29:38,436
the Commodore out of millions.
409
00:29:40,571 --> 00:29:43,071
And they want the
world to know it.
410
00:29:43,615 --> 00:29:45,985
- Thank you,
don't mind if I do.
411
00:29:48,954 --> 00:29:52,084
Now, it is no secret
what Vanderbilt
412
00:29:52,166 --> 00:29:53,496
has been trying to do.
413
00:29:53,584 --> 00:29:56,594
He owns more railroads
than anybody else.
414
00:29:56,879 --> 00:30:00,549
But Gould and me, we
have struck a blow
415
00:30:00,632 --> 00:30:02,342
for the little guy.
416
00:30:02,801 --> 00:30:05,341
Now, sure, he may
be rich, and sure,
417
00:30:05,429 --> 00:30:09,679
he may be powerful, but
somebody had to stand up
418
00:30:09,766 --> 00:30:10,926
to the old bastard.
419
00:30:11,018 --> 00:30:12,268
- (laughing)
420
00:30:13,520 --> 00:30:16,230
- T.J. STILES: It was a
humiliating defeat
421
00:30:16,315 --> 00:30:19,935
for the Commodore, a man who
was so fiercely competitive,
422
00:30:20,027 --> 00:30:22,817
who wanted to win at
absolutely everything,
423
00:30:23,197 --> 00:30:25,657
to whom money
was so important,
424
00:30:25,741 --> 00:30:29,451
and here he was, defeated,
and insulted publicly,
425
00:30:29,536 --> 00:30:30,996
by Gould and Fisk.
426
00:30:37,252 --> 00:30:42,012
- NARRATOR: Gould and
Fisk may be on top of the world,
427
00:30:42,090 --> 00:30:45,430
but they've
awakened a sleeping lion.
428
00:30:50,224 --> 00:30:53,234
Vanderbilt vows to
never be beaten again.
429
00:30:53,310 --> 00:30:56,980
- SUMNER REDSTONE: They
don't think in terms of money.
430
00:30:57,064 --> 00:30:59,774
They think in
terms of winning.
431
00:30:59,858 --> 00:31:02,238
Now, naturally, if you
win big in business,
432
00:31:02,319 --> 00:31:05,739
money follows, but that
shouldn't be your objective.
433
00:31:05,822 --> 00:31:08,202
Your objective
should be to win.
434
00:31:09,117 --> 00:31:13,497
Win, win, win. All the time.
Not sometimes. Every time.
435
00:31:13,580 --> 00:31:17,250
- NARRATOR: Vanderbilt
immediately begins
436
00:31:17,334 --> 00:31:19,094
looking for a new edge.
437
00:31:21,421 --> 00:31:25,051
He realizes that the railroads
have been overbuilt,
438
00:31:25,133 --> 00:31:27,843
and the future of the
industry isn't in building
439
00:31:27,928 --> 00:31:31,308
new lines, but in
transporting new cargo.
440
00:31:35,269 --> 00:31:40,019
- JACK WELCH: Innovation
is not a big breakthrough
441
00:31:40,107 --> 00:31:41,477
invention every time.
442
00:31:41,567 --> 00:31:44,277
Innovation is a
constant thing.
443
00:31:44,361 --> 00:31:46,821
And if you don't have an
innovate company
444
00:31:46,905 --> 00:31:50,775
coming to work everyday to
find a better way,
445
00:31:50,867 --> 00:31:52,657
you don't have a company.
446
00:31:53,662 --> 00:31:55,962
You're getting ready
to die on the vine.
447
00:31:58,625 --> 00:32:00,745
- NARRATOR: If Vanderbilt
can corner the market
448
00:32:00,836 --> 00:32:04,206
on a new source of freight,
one that can keep his trains
449
00:32:04,298 --> 00:32:07,218
constantly full, he'll
be able to control
450
00:32:07,301 --> 00:32:08,971
the railroad industry.
451
00:32:10,470 --> 00:32:13,220
And the Commodore knows
just where to look.
452
00:32:32,409 --> 00:32:35,949
Oil is revolutionizing
life in America.
453
00:32:38,332 --> 00:32:41,832
Crude from the ground
is being refined into kerosene,
454
00:32:46,673 --> 00:32:49,473
a safe and
inexpensive source of light,
455
00:32:51,094 --> 00:32:53,934
and that access
to light is completely
456
00:32:54,014 --> 00:32:56,314
changing the way
Americans live.
457
00:32:57,392 --> 00:32:59,642
Before kerosene, the
average American
458
00:32:59,728 --> 00:33:02,688
didn't have access to a
consistent light source.
459
00:33:04,566 --> 00:33:07,986
When the sun came
down, darkness ruled.
460
00:33:13,367 --> 00:33:17,037
Kerosene is a phenomenon that
will forever change the world.
461
00:33:18,121 --> 00:33:22,291
And Vanderbilt knows it's
his next opportunity to cash in.
462
00:33:22,376 --> 00:33:25,496
- RUSSELL SIMMONS: The
idea is to see what's missing.
463
00:33:25,587 --> 00:33:27,507
That's what a creative
entrepreneur does,
464
00:33:27,589 --> 00:33:29,879
he serves people
things that they need.
465
00:33:31,259 --> 00:33:33,719
Some people can't find
a new thing to do.
466
00:33:34,429 --> 00:33:36,179
But sometimes you see
something
467
00:33:36,264 --> 00:33:38,474
that everybody has to have.
468
00:33:38,558 --> 00:33:40,268
Oh men, I've got
to give them this
469
00:33:40,644 --> 00:33:42,314
And then you go
to work on it.
470
00:33:42,396 --> 00:33:43,516
Because they need it.
471
00:33:43,605 --> 00:33:45,815
- NARRATOR: Vanderbilt
sees the demand for
472
00:33:45,899 --> 00:33:48,779
kerosene skyrocketing
all across the country.
473
00:33:50,696 --> 00:33:52,696
He knows that to
meet the demand,
474
00:33:52,781 --> 00:33:54,371
the makers of
kerosene will need
475
00:33:54,449 --> 00:33:56,739
a new way to ship their oil.
476
00:33:59,788 --> 00:34:03,828
If Vanderbilt can corner the
market on those oil shipments,
477
00:34:03,917 --> 00:34:06,287
he'll propel himself
back to the top
478
00:34:06,378 --> 00:34:08,378
of the railroad industry.
479
00:34:09,548 --> 00:34:12,878
All he needs to do now
is find a supplier.
480
00:34:20,600 --> 00:34:23,480
- We're gonna extend along the
south shore to Cleveland.
481
00:34:24,855 --> 00:34:26,555
- WILLIAM: Why Cleveland?
482
00:34:26,857 --> 00:34:29,607
- NARRATOR: Cleveland is
a small city
483
00:34:29,693 --> 00:34:32,073
ofjust under fifty thousand,
484
00:34:32,154 --> 00:34:35,824
but it's sitting on top
of an ocean of oil.
485
00:34:36,783 --> 00:34:40,243
Eastern Ohio is the
Middle East of its day,
486
00:34:41,079 --> 00:34:43,079
and the area around
Cleveland
487
00:34:43,165 --> 00:34:46,035
is one of the largest
oil fields in the world.
488
00:34:46,752 --> 00:34:49,172
Vanderbilt learns
about a refinery
489
00:34:49,254 --> 00:34:51,634
built near the railroads
in Cleveland.
490
00:34:52,132 --> 00:34:55,092
The perfect mark
for his master plan.
491
00:34:56,511 --> 00:34:58,721
He reaches out
to the owner,
492
00:34:59,014 --> 00:35:01,394
a struggling young
oil man Vanderbilt
493
00:35:01,475 --> 00:35:03,845
is hoping to pluck
from obscurity.
494
00:35:06,730 --> 00:35:09,940
That oil man is
John D. Rockefeller.
495
00:35:17,491 --> 00:35:19,701
- Why are we playing
so much in plumbers?
496
00:35:19,785 --> 00:35:21,075
- We run a refinery.
497
00:35:22,412 --> 00:35:24,662
- So, we start
making our own pipes.
498
00:35:29,586 --> 00:35:33,006
At this rate, we'll be lucky
if we break even this year.
499
00:35:34,007 --> 00:35:36,507
- If you wanna call it
a day, John, just say.
500
00:35:36,593 --> 00:35:38,183
- (baby crying)
501
00:35:46,311 --> 00:35:47,601
- I should go.
502
00:35:50,106 --> 00:35:52,686
- ELIZA: Is
everything all right?
503
00:35:53,193 --> 00:35:54,323
- It's fine.
504
00:35:58,532 --> 00:36:00,832
- NARRATOR: At the
age of twenty-seven,
505
00:36:00,909 --> 00:36:03,329
Rockefeller is in the
early stages of building
506
00:36:03,411 --> 00:36:07,291
his refining business, but
his company is teetering
507
00:36:07,374 --> 00:36:09,174
on the verge
of bankruptcy.
508
00:36:10,377 --> 00:36:13,247
Vanderbilt sees him as
someone he can manipulate
509
00:36:13,338 --> 00:36:14,708
to his advantage.
510
00:36:16,883 --> 00:36:20,013
An exclusive deal to ship
Rockefeller's oil
511
00:36:20,554 --> 00:36:23,144
will guarantee that the
Commodore's trains
512
00:36:23,223 --> 00:36:24,973
stay filled with cargo.
513
00:36:25,058 --> 00:36:26,978
Vanderbilt invites
Rockefeller
514
00:36:27,060 --> 00:36:29,020
to meet with him in New York.
515
00:36:35,485 --> 00:36:37,855
For the young oil man,
the meeting
516
00:36:37,946 --> 00:36:40,316
is the opportunity
of a lifetime.
517
00:36:41,449 --> 00:36:43,239
A way out of his troubles,
518
00:36:45,078 --> 00:36:49,328
and a way to save his company
from complete collapse.
519
00:36:50,208 --> 00:36:52,958
- T.J. STILES: Rockefeller,
he respected Vanderbilt.
520
00:36:53,044 --> 00:36:54,804
He could see what
he had achieved.
521
00:36:54,880 --> 00:36:58,340
Vanderbilt was setting the
pattern and the archetype
522
00:36:58,425 --> 00:37:01,085
of what Rockefeller
himself wanted to be.
523
00:37:01,177 --> 00:37:04,387
He wanted to be the
Vanderbilt of petroleum.
524
00:37:04,472 --> 00:37:06,852
That's the way
he saw himself.
525
00:37:06,933 --> 00:37:10,353
- NARRATOR: As
Rockefeller prepares
526
00:37:10,437 --> 00:37:12,687
for his trip to New York,
527
00:37:12,772 --> 00:37:15,822
Vanderbilt's plan
is set in motion.
528
00:37:48,892 --> 00:37:50,482
- How long is
this going to take?
529
00:37:50,560 --> 00:37:51,810
- Five to ten minutes.
530
00:38:02,364 --> 00:38:06,994
- NARRATOR: The train
departs Cleveland at 6:25 AM.
531
00:38:13,124 --> 00:38:14,834
- (train whistles)
532
00:38:40,735 --> 00:38:42,485
America is rising.
533
00:38:43,279 --> 00:38:46,279
The country is experiencing
a period of growth
534
00:38:46,366 --> 00:38:48,366
like none it's ever seen.
535
00:38:48,952 --> 00:38:51,542
Railroads have
united the states,
536
00:38:51,913 --> 00:38:56,383
and commerce flows with a speed
never before thought possible.
537
00:38:57,252 --> 00:39:00,462
The man at the forefront
of this explosive change
538
00:39:00,547 --> 00:39:03,717
is Cornelius
Vanderbilt, but at 76,
539
00:39:04,050 --> 00:39:07,140
he realizes that the
railroads have been overbuilt.
540
00:39:09,305 --> 00:39:11,305
To stay ahead of
the competition,
541
00:39:11,391 --> 00:39:14,481
the Commodore turns to a
new exploding industry,
542
00:39:15,103 --> 00:39:19,523
and a struggling young oil man,
John D. Rockefeller.
543
00:39:21,067 --> 00:39:24,607
Vanderbilt invites him to
New York City for a meeting.
544
00:40:15,121 --> 00:40:16,581
Fate intervenes.
545
00:40:18,374 --> 00:40:21,094
- ROCKFELLER: The
Lord is my shepherd.
546
00:40:22,712 --> 00:40:24,302
I shall not want.
547
00:40:27,634 --> 00:40:30,594
He maketh me to lie
down in green pastures.
548
00:40:33,056 --> 00:40:34,846
He restoreth my soul.
549
00:40:37,602 --> 00:40:41,192
- NARRATOR: John Rockefeller
narrowly missed the train,
550
00:40:41,272 --> 00:40:42,902
one that
would've carried him
551
00:40:42,982 --> 00:40:44,732
to his certain death.
552
00:40:45,485 --> 00:40:48,145
The close call has
a profound impact
553
00:40:48,238 --> 00:40:49,908
on the young oil man.
554
00:40:51,116 --> 00:40:53,236
- He leadeth me into
paths of righteousness
555
00:40:53,326 --> 00:40:54,656
for His name's sake.
556
00:40:56,538 --> 00:40:57,498
Amen.
557
00:40:59,124 --> 00:41:01,384
- NARRATOR: A
man of deep faith,
558
00:41:01,459 --> 00:41:05,169
he becomes convinced that
God has spared him for a reason.
559
00:41:05,255 --> 00:41:08,045
- H.W. BRANDS: Without thinking
that he himself
560
00:41:08,133 --> 00:41:10,053
in particular was chosen
by God to become
561
00:41:10,135 --> 00:41:12,965
this great business success,
Rockefeller believed
562
00:41:13,054 --> 00:41:15,394
that everything was
divinely ordained,
563
00:41:15,473 --> 00:41:19,103
so nothing happened in the
world without God's will,
564
00:41:19,185 --> 00:41:20,685
without God's blessing.
565
00:41:20,770 --> 00:41:23,190
- NARRATOR: Rockefeller
once again heads
566
00:41:23,273 --> 00:41:25,983
to meet with Vanderbilt
as a changed man.
567
00:41:27,527 --> 00:41:29,397
Where before he
was intimidated,
568
00:41:29,487 --> 00:41:33,407
and facing bankruptcy,
now he's a man of destiny.
569
00:41:41,916 --> 00:41:44,286
Cornelius Vanderbilt
may be the richest
570
00:41:44,377 --> 00:41:46,667
and most powerful man
in the country,
571
00:41:47,672 --> 00:41:50,262
accustomed to getting
what he wants,
572
00:41:52,594 --> 00:41:56,764
but he has no idea what
he's about to encounter.
573
00:42:43,770 --> 00:42:47,400
- Every business is about
understanding people.
574
00:42:47,482 --> 00:42:49,572
Which people you
have to get through,
575
00:42:49,651 --> 00:42:51,861
which people you
have to embrace,
576
00:42:51,945 --> 00:42:53,855
which people you
have to jump over,
577
00:42:53,947 --> 00:42:56,527
which people you have
to push out of the way.
578
00:42:56,616 --> 00:42:57,906
That's the game.
579
00:43:00,912 --> 00:43:03,122
- NARRATOR: Cornelius
Vanderbilt may be the richest
580
00:43:03,206 --> 00:43:05,576
and most powerful man
in the country,
581
00:43:06,334 --> 00:43:08,634
accustomed to getting
what he wants,
582
00:43:11,506 --> 00:43:15,586
but he has no idea what
he's about to encounter.
583
00:44:01,806 --> 00:44:04,766
- (Blues Saraceno playing
"Save My Soul")
584
00:44:15,445 --> 00:44:17,775
♪ When I got to Memphis ♪
585
00:44:18,781 --> 00:44:20,701
♪ To put my
ol' baby down ♪
586
00:44:21,617 --> 00:44:25,197
♪ He said, "I can't
take you to Heaven" ♪
587
00:44:26,497 --> 00:44:28,497
♪ "I can't save
your soul" ♪
588
00:44:29,876 --> 00:44:32,086
♪ "I can't
promise forever" ♪
589
00:44:32,628 --> 00:44:36,548
♪ Whoa, yeah, got my
heart in your hands ♪
590
00:44:38,468 --> 00:44:40,138
♪ I can't feel ♪
591
00:44:41,596 --> 00:44:43,176
♪ Feel my soul ♪
592
00:44:47,060 --> 00:44:49,390
- Do you play cards,
Mr. Rockefeller?
593
00:44:50,313 --> 00:44:51,233
- No.
594
00:44:51,981 --> 00:44:53,231
- VANDERBILT: Shame.
595
00:44:54,776 --> 00:44:57,066
You could learn a lot
about competition.
596
00:44:58,237 --> 00:44:59,907
- I know all
I need to know.
597
00:45:04,368 --> 00:45:08,158
- So. I'm looking to do a deal
with an oil refinery.
598
00:45:10,208 --> 00:45:11,998
And that could be you.
599
00:45:13,628 --> 00:45:15,498
- I'm willing to do
an exclusive deal.
600
00:45:17,215 --> 00:45:18,795
A dollar sixty-five
a barrel.
601
00:45:20,093 --> 00:45:22,513
- That's a discount
of more than a third.
602
00:45:23,304 --> 00:45:25,564
There are several
refineries in Cleveland.
603
00:45:26,307 --> 00:45:28,307
Why should I give
you such a deal?
604
00:45:32,271 --> 00:45:35,321
- Because I'll fill all
your trains with my oil.
605
00:45:38,152 --> 00:45:39,782
And if you don't
do the deal,
606
00:45:40,655 --> 00:45:42,445
I'll fill someone
else's trains.
607
00:45:51,916 --> 00:45:53,206
- Mr. Rockefeller.
608
00:46:01,342 --> 00:46:02,632
- Do you trust him?
609
00:46:03,886 --> 00:46:05,046
- I don't know.
610
00:46:08,724 --> 00:46:10,524
- NARRATOR: Rockefeller may
have gotten the rate
611
00:46:10,601 --> 00:46:13,481
he was looking for,
but in return,
612
00:46:13,813 --> 00:46:15,693
he's agreed to provide
Vanderbilt
613
00:46:15,773 --> 00:46:18,903
with over sixty train cars
of oil every day.
614
00:46:21,445 --> 00:46:23,695
The only problem is,
Rockefeller has
615
00:46:23,781 --> 00:46:25,991
no way to produce that
much kerosene.
616
00:46:26,951 --> 00:46:29,831
His capacity is less
than half of that.
617
00:46:32,832 --> 00:46:34,792
Rockefeller has
over-promised,
618
00:46:35,668 --> 00:46:37,458
but he knows the deal
with Vanderbilt
619
00:46:37,545 --> 00:46:40,205
will be the opportunity he's
been waiting for.
620
00:46:41,257 --> 00:46:44,377
He just needs to find
a way to produce more kerosene.
621
00:46:48,055 --> 00:46:51,805
It's a daunting task,
but John D. Rockefeller
622
00:46:51,893 --> 00:46:54,733
has been beating
the odds his entire life.
623
00:47:10,369 --> 00:47:13,619
Rockefeller is raised in a
poor Cleveland household,
624
00:47:15,249 --> 00:47:18,499
but even as a young man,
he yearns for something more,
625
00:47:19,337 --> 00:47:21,837
something bigger,
and he knows
626
00:47:21,923 --> 00:47:24,013
it isn't going to
be handed to him.
627
00:47:30,181 --> 00:47:33,931
As a young man, he shows
a strong entrepreneurial streak,
628
00:47:34,018 --> 00:47:36,478
starting his
own small business
629
00:47:37,063 --> 00:47:39,153
selling candy to
local children.
630
00:47:41,067 --> 00:47:42,437
- Thank you very much.
631
00:47:42,526 --> 00:47:43,816
Here's three pieces.
632
00:47:45,738 --> 00:47:49,068
- NARRATOR: From an early age,
Rockefeller helps to support
633
00:47:49,158 --> 00:47:53,448
his family, mostly
because he was never able
634
00:47:53,537 --> 00:47:55,077
to rely on his father.
635
00:47:57,250 --> 00:47:58,920
- BILL: It cures cancer.
636
00:47:59,001 --> 00:48:01,251
Folks, that is right,
it cures cancer.
637
00:48:01,337 --> 00:48:03,207
Now you're asking
yourself - Sir,
638
00:48:03,297 --> 00:48:06,627
I bet in your mind you're
saying, "Bill, is this true?"
639
00:48:06,717 --> 00:48:09,547
- NARRATOR: John Rockefeller's
father is a conman.
640
00:48:09,637 --> 00:48:11,297
- ...Rebecca, I met
seven years ago.
641
00:48:11,389 --> 00:48:12,849
She had pneumonia.
642
00:48:13,349 --> 00:48:16,729
- NARRATOR: Better known around
Cleveland as "Devil Bill".
643
00:48:16,811 --> 00:48:17,641
- Who would
like to buy some?
644
00:48:17,728 --> 00:48:19,808
A dollar twenty-five
a bottle. Yes, sir.
645
00:48:19,897 --> 00:48:21,977
- NARRATOR: He disappears for
months at a time,
646
00:48:22,066 --> 00:48:25,236
leaving his family without
money to support themselves.
647
00:48:25,319 --> 00:48:26,819
- I'm only here
for one day.
648
00:48:26,904 --> 00:48:28,414
Once I'm gone, I am gone.
649
00:48:28,489 --> 00:48:29,819
I may not be back.
650
00:48:56,934 --> 00:48:58,894
Never trust anybody, son.
651
00:49:00,771 --> 00:49:01,811
Not even me.
652
00:49:17,163 --> 00:49:19,753
- NARRATOR: With his father
gone, Rockefeller is forced
653
00:49:19,832 --> 00:49:23,752
to quit school and get a job to
support his mother and siblings.
654
00:49:24,378 --> 00:49:27,088
His work ethic and
intuition will become
655
00:49:27,173 --> 00:49:29,883
the building blocks for
the American dream.
656
00:49:29,967 --> 00:49:31,377
- JOHN D. ROCKEFELLER IV:
My great-grandfather,
657
00:49:31,469 --> 00:49:34,549
John D. Rockefeller,
was an absolutely
658
00:49:34,638 --> 00:49:37,018
brilliant businessman when
he started out.
659
00:49:37,099 --> 00:49:38,389
He wasn't even in
oil or anything.
660
00:49:38,476 --> 00:49:40,766
You know, he worked
at it very very hard,
661
00:49:40,853 --> 00:49:44,403
and there's an ethic in the
Rockefeller family of hard work.
662
00:49:45,900 --> 00:49:47,820
- NARRATOR: Stuck in a
dead-end job,
663
00:49:47,902 --> 00:49:50,702
he becomes fixated on
finding a big idea,
664
00:49:50,780 --> 00:49:52,280
and taking a chance.
665
00:50:00,414 --> 00:50:02,464
- PASTOR: Be
therefore perfect,
666
00:50:03,834 --> 00:50:07,554
even as your father, which
is in Heaven, is perfect.
667
00:50:20,017 --> 00:50:21,477
Would you please rise?
668
00:50:23,145 --> 00:50:24,845
Let us sing Hymn 89.
669
00:50:28,025 --> 00:50:30,025
- CONGREGATION:
♪ Joyful, joyful ♪
670
00:50:30,111 --> 00:50:31,991
♪ We adore Thee ♪
671
00:50:32,071 --> 00:50:34,031
♪ God of glory ♪
672
00:50:34,115 --> 00:50:35,695
♪ Lord above ♪
673
00:50:44,500 --> 00:50:45,830
- (rumbling)
674
00:50:46,293 --> 00:50:47,463
(thud)
675
00:50:51,799 --> 00:50:53,379
(rumbling grows)
676
00:50:54,093 --> 00:50:56,763
- MAN: Get out!
It's gonna blow, get out!
677
00:50:57,221 --> 00:51:02,181
- (rumbling grows louder)
678
00:51:02,268 --> 00:51:03,308
- CONGREGATION:
679
00:51:03,394 --> 00:51:07,274
♪ Hearts unfold like
flowers before Thee ♪
680
00:51:07,356 --> 00:51:12,066
- (rumbling continues)
- ♪ Opening to the sun above ♪
681
00:51:12,153 --> 00:51:15,323
♪ Melt the clouds
of sin and sadness... ♪
682
00:51:15,406 --> 00:51:16,316
- (thud)
683
00:51:20,744 --> 00:51:24,914
- ♪ Drive the dark
of doubt away ♪
684
00:51:24,999 --> 00:51:29,379
♪ Giver of
immortal gladness ♪
685
00:51:29,462 --> 00:51:30,962
- (rumbling)
686
00:51:31,046 --> 00:51:33,916
- ♪ Fill us with
the light of day ♪
687
00:51:34,008 --> 00:51:39,928
- (rumbling continues)
688
00:51:40,014 --> 00:51:41,894
(well explodes)
689
00:51:43,434 --> 00:51:45,944
- (men cheering)
690
00:52:29,188 --> 00:52:32,018
- I think entrepreneurs,
and certain business people,
691
00:52:32,107 --> 00:52:33,857
just look at life,
and look at things
692
00:52:33,943 --> 00:52:37,283
that are changing, and are able
to see those things
693
00:52:37,363 --> 00:52:39,863
and say, "I can create a
business out of that."
694
00:52:53,295 --> 00:52:56,665
- NARRATOR: Rockefeller
realizes oil has the potential
695
00:52:56,757 --> 00:52:58,257
to change the world.
696
00:53:00,094 --> 00:53:02,724
And, make him rich
in the process.
697
00:53:07,726 --> 00:53:10,346
But Rockefeller knows
that drilling for oil
698
00:53:10,437 --> 00:53:13,227
is a gamble filled
with uncertainty.
699
00:53:14,483 --> 00:53:16,863
And since he doesn't
believe in luck,
700
00:53:16,944 --> 00:53:19,744
he starts looking for a
way to make money from oil
701
00:53:19,822 --> 00:53:21,072
without the risk.
702
00:53:21,615 --> 00:53:24,235
- H.W. BRAND: He had a
mind for efficiency.
703
00:53:24,326 --> 00:53:26,576
And there was probably
something in him
704
00:53:26,662 --> 00:53:28,872
that looked at the production
process and saw
705
00:53:28,956 --> 00:53:30,576
how wasteful that was.
706
00:53:30,666 --> 00:53:31,576
In the first place
you drill wells,
707
00:53:31,667 --> 00:53:32,667
and they turn up dry.
708
00:53:32,751 --> 00:53:34,501
And then you drill wells
and they hit a gusher,
709
00:53:34,587 --> 00:53:36,587
and half the oil
would be lost.
710
00:53:36,672 --> 00:53:40,132
And that offended his
sense of efficiency.
711
00:53:41,802 --> 00:53:45,142
- NARRATOR: Rockefeller knows
there's a better way.
712
00:53:46,015 --> 00:53:48,345
- Today, everybody wants
to be an entrepreneur.
713
00:53:48,434 --> 00:53:51,354
They've heard these great
stories, you know, about Apple.
714
00:53:51,437 --> 00:53:53,187
But, you know what, when
you start a company,
715
00:53:53,272 --> 00:53:54,652
you can think what the
revenues are gonna be,
716
00:53:54,732 --> 00:53:56,652
how much it's gonna be
worth to shareholders,
717
00:53:56,734 --> 00:53:59,194
but you always need
a technical element.
718
00:53:59,278 --> 00:54:01,608
You need somebody who
knows how to do it
719
00:54:01,697 --> 00:54:04,777
and build the things.
You need the scientists.
720
00:54:06,994 --> 00:54:10,164
- NARRATOR: Refining oil turns
crude from the ground
721
00:54:10,247 --> 00:54:15,997
into kerosene, a clean-burning
fuel that can be used in lamps.
722
00:54:19,173 --> 00:54:21,593
- Once the oil gets to
three-hundred and fifty degrees,
723
00:54:21,675 --> 00:54:23,965
the kerosene
starts to vaporize.
724
00:54:24,053 --> 00:54:28,813
Then once it's cooled,
you have a stable, pure product.
725
00:54:32,394 --> 00:54:34,444
- How much to
produce a gallon?
726
00:54:34,855 --> 00:54:36,855
- Fifty, sixty cents.
I don't know.
727
00:54:38,275 --> 00:54:40,185
- NARRATOR: Rockefeller's
insight puts him
728
00:54:40,277 --> 00:54:42,567
one step ahead
of his competitors.
729
00:54:42,655 --> 00:54:45,865
He believes that while
gamblers drill for oil,
730
00:54:45,949 --> 00:54:47,989
businessmen refine it.
731
00:54:48,494 --> 00:54:51,914
- Whoever could control
the refining process
732
00:54:51,997 --> 00:54:55,497
could very well have the
whole industry.
733
00:55:01,840 --> 00:55:03,380
- NARRATOR:
At twenty-four years old,
734
00:55:03,467 --> 00:55:05,587
Rockefeller invests
everything he has--
735
00:55:05,678 --> 00:55:07,468
about four thousand
dollars--
736
00:55:07,554 --> 00:55:09,724
into building his
first refinery.
737
00:55:10,182 --> 00:55:11,142
- No, higher!
738
00:55:11,225 --> 00:55:12,135
Higher!
739
00:55:12,226 --> 00:55:13,636
- NARRATOR:
But he struggles early on
740
00:55:13,727 --> 00:55:15,727
to find an edge in the
industry.
741
00:55:16,438 --> 00:55:19,018
That changes when the
most powerful man
742
00:55:19,108 --> 00:55:21,068
in the country comes calling.
743
00:55:21,151 --> 00:55:22,491
- Mr. Rockefeller.
744
00:55:23,320 --> 00:55:25,410
- NARRATOR: The deal with
Vanderbilt gives him cheap
745
00:55:25,489 --> 00:55:27,239
shipping rates and
the chance
746
00:55:27,324 --> 00:55:29,534
to corner the U.S oil market.
747
00:55:30,661 --> 00:55:34,001
But he's over-promised,
agreeing to supply sixty
748
00:55:34,081 --> 00:55:37,421
barrels a day, when his
capacity is less than half that.
749
00:55:38,752 --> 00:55:41,422
And when you've made a deal
with the most powerful man
750
00:55:41,505 --> 00:55:44,625
in America, failure
is not an option.
751
00:55:46,093 --> 00:55:47,143
- DONALD TRUMP: You
have to be smart,
752
00:55:47,219 --> 00:55:48,429
you have to have vision,
you have to have
753
00:55:48,512 --> 00:55:52,062
all these different things,
but the most successful people
754
00:55:52,141 --> 00:55:54,061
are the people that
had the right idea
755
00:55:54,143 --> 00:55:56,603
but never ever quit or gave up.
756
00:55:58,522 --> 00:56:00,822
The people that really
succeed in life
757
00:56:00,899 --> 00:56:02,609
are those that don't quit.
758
00:56:03,610 --> 00:56:07,200
- NARRATOR: Rockefeller needs
to quickly expand his company,
759
00:56:07,281 --> 00:56:09,491
and to do that,
he needs investors.
760
00:56:10,367 --> 00:56:13,537
The problem is, kerosene
is getting a bad name.
761
00:56:18,959 --> 00:56:21,709
Stories of the fuel
exploding and burning down
762
00:56:21,795 --> 00:56:23,835
homes are on the front
page of newspapers
763
00:56:23,922 --> 00:56:29,012
across the country, making
potential investors skeptical.
764
00:56:31,013 --> 00:56:33,773
Due to high demand, many
refiners are rushing
765
00:56:33,849 --> 00:56:36,059
to market with
dangerous kerosene
766
00:56:36,143 --> 00:56:37,733
that's extremely volatile.
767
00:56:41,857 --> 00:56:44,727
Rockefeller sees the
problem as an opportunity.
768
00:56:45,319 --> 00:56:47,699
He realizes that there's a
need to calm
769
00:56:47,780 --> 00:56:50,990
the public's fears and provide
them with a product
770
00:56:51,074 --> 00:56:52,534
they can rely on.
771
00:56:53,160 --> 00:56:57,370
- ROCKEFELLER: Oil refining.
Warehouses. Barrel making.
772
00:56:57,456 --> 00:56:59,116
And shipping facilities.
773
00:56:59,750 --> 00:57:01,000
- Why the name?
774
00:57:01,668 --> 00:57:03,918
- Because Standard Oil
will be the only company
775
00:57:04,004 --> 00:57:06,514
in the industry to
guarantee a uniform
776
00:57:06,590 --> 00:57:08,050
quality of kerosene.
777
00:57:11,929 --> 00:57:13,969
- JERRY WEINTRAUB:
The Rockefellers,
778
00:57:14,056 --> 00:57:16,176
and all these guys, they
were all great salesman.
779
00:57:16,266 --> 00:57:18,516
At the end of the day,
it's the salesmen
780
00:57:18,602 --> 00:57:19,812
who make the money.
781
00:57:20,938 --> 00:57:22,478
- STEVE WYNN: Well, you
can certainly understand
782
00:57:22,564 --> 00:57:25,194
how Rockefeller could've
named his oil company
783
00:57:25,275 --> 00:57:26,605
Standard Oil.
784
00:57:26,693 --> 00:57:28,613
Pretty ambitious,
organic name.
785
00:57:28,695 --> 00:57:32,615
He was creating a
standard, and, uh, it worked.
786
00:57:34,785 --> 00:57:37,745
- NARRATOR: Rockefeller's
Standard Oil quiets fears
787
00:57:37,830 --> 00:57:40,160
and immediately becomes the
most sought-after product
788
00:57:40,249 --> 00:57:43,919
in the country, bringing
in investor after investor.
789
00:57:50,884 --> 00:57:53,304
America is
expanding rapidly.
790
00:57:59,601 --> 00:58:03,061
Cornelius Vanderbilt's railroads
have united the country,
791
00:58:03,856 --> 00:58:06,356
and commerce now
moves faster than ever.
792
00:58:09,403 --> 00:58:13,033
But America's newest
obsession is light--
793
00:58:14,116 --> 00:58:15,656
clean, safe light.
794
00:58:17,870 --> 00:58:20,790
The kind provided
by John D. Rockefeller.
795
00:58:25,878 --> 00:58:27,998
Oil is changing the world.
796
00:58:28,922 --> 00:58:32,262
And the Ohio refiner
is leading the charge.
797
00:58:34,553 --> 00:58:36,973
- RICHARD PARSONS:
The titans of that day
798
00:58:37,055 --> 00:58:39,595
revolutionized
business in America.
799
00:58:39,683 --> 00:58:43,483
We became the sort of
dominant economic force
800
00:58:43,562 --> 00:58:46,152
in the world because
we could make stuff,
801
00:58:46,231 --> 00:58:48,731
we could create stuff,
we could build stuff,
802
00:58:48,817 --> 00:58:50,187
we could power stuff.
803
00:58:53,947 --> 00:58:56,487
- NARRATOR: John Rockefeller's
Standard Oil is now
804
00:58:56,575 --> 00:58:59,825
the largest producer of
refined kerosene in the country.
805
00:59:02,915 --> 00:59:05,955
And his exclusive deal
with Vanderbilt allows him
806
00:59:06,043 --> 00:59:09,253
to ship his project to
homes throughout
807
00:59:09,338 --> 00:59:12,588
the country at incredibly
cheap rates.
808
00:59:18,305 --> 00:59:19,715
But for Rockefeller,
809
00:59:21,850 --> 00:59:23,180
it isn't enough.
810
00:59:28,231 --> 00:59:30,651
He's outgrown his
deal with Vanderbilt.
811
00:59:32,235 --> 00:59:35,105
Once unable to fill
Vanderbilt's trains,
812
00:59:36,657 --> 00:59:40,157
now he has more oil than
the Commodore can possibly ship,
813
00:59:41,620 --> 00:59:44,540
and Vanderbilt's
biggest competitor knows it.
814
00:59:48,585 --> 00:59:50,375
Tom Scott is the president
815
00:59:50,462 --> 00:59:53,172
of one of the largest train
lines in the country.
816
00:59:54,841 --> 00:59:56,931
He wants to take
Vanderbilt's place
817
00:59:57,010 --> 01:00:00,850
as King of the Railroads,
and he knows a deal with
818
01:00:00,931 --> 01:00:03,021
Rockefeller is the key.
819
01:00:09,856 --> 01:00:12,476
Scott heads to Cleveland
with his protégé,
820
01:00:13,360 --> 01:00:16,530
a young up-and-comer
named Andrew Carnegie.
821
01:00:18,699 --> 01:00:21,159
As Scott's most
trusted lieutenant,
822
01:00:22,619 --> 01:00:25,119
Carnegie has helped
craft the pitch.
823
01:00:27,666 --> 01:00:29,536
- What's I'm proposing
is an alliance between--
824
01:00:29,626 --> 01:00:32,416
- ROCKEFELLER: You want a cartel
between oil and railroads.
825
01:00:34,006 --> 01:00:35,006
- I prefer to
call it by its--
826
01:00:35,090 --> 01:00:36,510
- Give me the numbers.
827
01:00:39,511 --> 01:00:41,511
- Standard Oil will
receive a forty percent
828
01:00:41,596 --> 01:00:43,596
rebate for every
barrel it ships.
829
01:00:44,683 --> 01:00:46,353
- SCOTT: We'll send
papers over in the morning.
830
01:00:46,435 --> 01:00:47,385
- No.
831
01:00:50,063 --> 01:00:51,563
A verbal contract is fine.
832
01:00:57,362 --> 01:00:59,992
- NARRATOR: Rockefeller
gets a better deal from Scott
833
01:01:00,073 --> 01:01:02,533
than he ever could've
gotten from Vanderbilt.
834
01:01:10,751 --> 01:01:12,631
- VANDERBILT: The shyster.
835
01:01:17,841 --> 01:01:21,221
- NARRATOR: The Commodore
has lost his competitive edge.
836
01:01:22,220 --> 01:01:25,140
- J.S. STILES: To the great
frustration of Vanderbilt,
837
01:01:25,223 --> 01:01:26,933
Rockefeller very
skillfully played
838
01:01:27,017 --> 01:01:28,557
those railroads against
each other.
839
01:01:29,394 --> 01:01:31,154
Oil was something
the railroads
840
01:01:31,229 --> 01:01:34,519
couldn't afford to let go,
and so they fought very hard
841
01:01:34,608 --> 01:01:35,858
to get that traffic.
842
01:01:37,944 --> 01:01:40,034
- NARRATOR: With
the railroads in his pocket,
843
01:01:41,114 --> 01:01:44,084
Rockefeller can supply
every home in the nation
844
01:01:44,159 --> 01:01:45,989
with Standard Oil kerosene,
845
01:01:46,578 --> 01:01:48,538
and with all that profit,
846
01:01:49,206 --> 01:01:52,036
Rockefeller begins to
buy out his competitors.
847
01:01:53,376 --> 01:01:55,746
- ROCKEFELLER: We
need to stand together.
848
01:01:57,047 --> 01:01:59,417
I'm offering all
of you a way out,
849
01:02:00,675 --> 01:02:02,715
so you can hold
your heads high.
850
01:02:03,553 --> 01:02:05,723
The opportunity to sell
to Standard Oil
851
01:02:05,806 --> 01:02:07,596
will be a godsend
to you all.
852
01:02:09,309 --> 01:02:11,599
If you take
Standard Oil stock,
853
01:02:12,437 --> 01:02:15,517
you and your loved ones
will never know want.
854
01:02:19,486 --> 01:02:21,696
- NARRATOR:
His intent is simple:
855
01:02:24,741 --> 01:02:25,701
he wants to own
856
01:02:25,784 --> 01:02:27,834
every refinery in the country.
857
01:02:40,799 --> 01:02:43,759
It's a concept that's been
impossible to execute.
858
01:02:46,429 --> 01:02:49,099
Today, we know it
as a "monopoly".
859
01:02:56,606 --> 01:02:59,646
But Rockefeller isn't just
expanding his company,
860
01:03:02,028 --> 01:03:04,408
he's also looking to
maximize profit--
861
01:03:05,949 --> 01:03:07,409
by any means necessary.
862
01:03:08,201 --> 01:03:09,581
- We've got
another refinery.
863
01:03:11,204 --> 01:03:12,374
One more into the fold.
864
01:03:13,081 --> 01:03:14,671
- Do you want me to
take a look at it?
865
01:03:15,375 --> 01:03:18,205
- No. I want you
to shut it down.
866
01:03:22,507 --> 01:03:24,837
- The business of
creating monopolies,
867
01:03:24,926 --> 01:03:28,256
crushing opposition--
part of me says he did that
868
01:03:28,346 --> 01:03:30,556
because it was
there to be done,
869
01:03:31,683 --> 01:03:33,683
and he could do it better
than anybody else
870
01:03:33,768 --> 01:03:36,018
and he made a bloody
fortune out of it.
871
01:03:41,443 --> 01:03:43,533
- NARRATOR: By the time
he's finished,
872
01:03:43,612 --> 01:03:45,612
Rockefeller controls
ninety percent
873
01:03:45,697 --> 01:03:47,737
of the North American
oil supply.
874
01:03:50,869 --> 01:03:54,459
His company, Standard Oil,
is the country's first monopoly.
875
01:03:57,292 --> 01:04:00,212
At thirty-three,
the Ohio oil man
876
01:04:02,088 --> 01:04:05,088
is now the most powerful man
in the country.
877
01:04:16,519 --> 01:04:18,849
The Commodore has
created a monster.
878
01:04:21,316 --> 01:04:24,816
He realizes that the only
way to combat Rockefeller
879
01:04:26,446 --> 01:04:29,316
is for the railroads to
start working together.
880
01:04:35,538 --> 01:04:39,078
He forms an unlikely
alliance with his biggest rival,
881
01:04:39,167 --> 01:04:41,457
Tom Scott, and together,
882
01:04:42,170 --> 01:04:45,010
they agree to pull all
of Rockefeller's deals.
883
01:04:59,062 --> 01:05:00,692
- ROCKEFELLER: Thank you.
884
01:05:17,747 --> 01:05:20,417
- NARRATOR:
To Rockefeller, the move
885
01:05:20,500 --> 01:05:24,170
is nothing short
of a declaration of war.
886
01:05:31,970 --> 01:05:35,760
America is emerging as one of
the mightiest nations on earth.
887
01:05:36,766 --> 01:05:39,516
The country is now crowded
with rail lines
888
01:05:41,021 --> 01:05:43,811
and kerosene lights
most homes.
889
01:05:45,567 --> 01:05:49,447
The amazing evolution has
been led by two men driven
890
01:05:49,529 --> 01:05:53,489
by a desire to create a
world that few imagined.
891
01:05:54,951 --> 01:05:58,871
"Commodore" Cornelius Vanderbilt
and John D. Rockefeller
892
01:05:58,955 --> 01:06:01,705
have sparked the modernization
of the country.
893
01:06:03,293 --> 01:06:06,713
But the former partners'
interests are no longer aligned.
894
01:06:09,799 --> 01:06:12,129
Vanderbilt has formed
an unlikely alliance
895
01:06:12,218 --> 01:06:16,178
with Tom Scott, aimed at
forcing their biggest client
896
01:06:16,264 --> 01:06:17,894
to pay going rates.
897
01:06:21,811 --> 01:06:24,021
John Rockefeller sees
their actions
898
01:06:24,105 --> 01:06:25,765
as a declaration of war,
899
01:06:28,693 --> 01:06:30,153
and he's not going down
900
01:06:30,236 --> 01:06:31,396
without a fight.
901
01:06:32,614 --> 01:06:35,624
- H.W. BRAND: John Rockefeller
had the ruthlessness
902
01:06:35,700 --> 01:06:39,330
that sometimes come
from utter conviction
903
01:06:39,412 --> 01:06:44,042
that what he was doing was
right, and not just correct,
904
01:06:44,125 --> 01:06:48,915
but divinely inspired, and
the people who opposed him
905
01:06:49,005 --> 01:06:52,875
weren't really entitled
to their point of view,
906
01:06:52,967 --> 01:06:55,217
because their point
of view was wrong.
907
01:06:59,891 --> 01:07:05,021
It was almost as though they
had turned aside God's grace.
908
01:07:05,105 --> 01:07:08,395
Well, if you turn aside
God's offer of grace,
909
01:07:08,483 --> 01:07:10,483
then expect no mercy.
910
01:07:11,736 --> 01:07:13,356
- NARRATOR: Rockefeller is
determined to find
911
01:07:13,446 --> 01:07:15,356
another way to
transport his oil.
912
01:07:18,159 --> 01:07:21,329
He knows if he can't,
the railroads will win.
913
01:07:31,047 --> 01:07:33,377
Rockefeller's solution
again comes
914
01:07:33,466 --> 01:07:35,716
from the most unlikely
of places.
915
01:07:36,344 --> 01:07:39,264
- So we can increase the
yield of the kerosene,
916
01:07:39,347 --> 01:07:42,267
but then we get more
of the volatile waste.
917
01:07:43,184 --> 01:07:45,944
We can burn some of it off
as fuel in the refinery,
918
01:07:46,020 --> 01:07:48,980
but its high flammability
creates a storage problem.
919
01:07:57,657 --> 01:07:59,157
When we get to higher
temperatures
920
01:07:59,242 --> 01:08:01,622
we can start creating
the lubing oils.
921
01:08:07,292 --> 01:08:09,712
I'll need to reconfigure
the refinery.
922
01:08:16,384 --> 01:08:20,764
- NARRATOR: Oil in the refinery
is moved using large pipes,
923
01:08:20,847 --> 01:08:24,387
and Rockefeller realizes
if those pipes can transport
924
01:08:24,476 --> 01:08:26,556
oil over
short distances,
925
01:08:27,353 --> 01:08:30,193
they could also be used
over longer distances.
926
01:08:33,234 --> 01:08:36,114
If Rockefeller can build
a pipeline large enough,
927
01:08:37,405 --> 01:08:39,405
he'll be able to cut
the railroads
928
01:08:39,491 --> 01:08:42,331
out of the oil business,
for good.
929
01:09:24,827 --> 01:09:27,577
The pipeline will require
a massive investment,
930
01:09:27,664 --> 01:09:29,084
and incredible risk.
931
01:09:29,916 --> 01:09:32,536
But if he gets it right,
Rockefeller will be able
932
01:09:32,627 --> 01:09:35,837
to do what he loves
to do most, win.
933
01:09:37,757 --> 01:09:40,547
- It probably comes early
in an entrepreneur's life
934
01:09:40,635 --> 01:09:42,175
where you realize you're
willing to do things
935
01:09:42,262 --> 01:09:46,062
in the business world that other
people aren't willing to do.
936
01:09:46,516 --> 01:09:49,426
Everybody has got ideas,
and everybody's got
937
01:09:49,519 --> 01:09:52,309
ambitions, but most people
aren't willing
938
01:09:52,397 --> 01:09:55,107
to cross that line, and
I think an entrepreneur
939
01:09:55,191 --> 01:09:57,441
that's successful,
that's your nature.
940
01:09:57,527 --> 01:10:00,027
Wherever there's change,
wherever there's uncertainty,
941
01:10:00,113 --> 01:10:01,453
there's opportunity.
942
01:10:34,272 --> 01:10:36,982
- NARRATOR: Rockefeller's
workers labor around the clock--
943
01:10:37,066 --> 01:10:38,686
- (explosion)
944
01:10:38,776 --> 01:10:41,396
- NARRATOR: --blasting
through the countryside,
945
01:10:41,487 --> 01:10:44,617
and laying over a mile and
a half of pipeline every day.
946
01:10:46,117 --> 01:10:47,737
- JACK WELCH:
Business, in the end,
947
01:10:47,827 --> 01:10:49,827
is understanding
the playing field.
948
01:10:50,204 --> 01:10:52,874
Tell me who's on it,
what their strengths are,
949
01:10:52,957 --> 01:10:56,377
what their weaknesses are,
and what is your checkmate play,
950
01:10:57,003 --> 01:10:58,963
to top 'em, and nail 'em.
951
01:10:59,672 --> 01:11:02,842
And so you're always in
that competitive game.
952
01:11:02,925 --> 01:11:04,755
You're looking
at innovation.
953
01:11:04,844 --> 01:11:07,144
You're looking
at leap-frogging,
954
01:11:07,221 --> 01:11:09,101
trying to get
ahead of them.
955
01:11:09,182 --> 01:11:10,852
You're never complacent.
956
01:11:10,933 --> 01:11:14,063
You're semi-paranoid
about what they're doing.
957
01:11:14,729 --> 01:11:16,609
That's what the
game is all about.
958
01:11:17,774 --> 01:11:20,234
- NARRATOR: By the time the
pipeline is complete,
959
01:11:20,318 --> 01:11:22,358
it's over four
thousand miles long,
960
01:11:23,071 --> 01:11:25,991
stretching across
Ohio and Pennsylvania,
961
01:11:26,074 --> 01:11:28,374
and connecting thousands
of the world's most
962
01:11:28,451 --> 01:11:33,411
lucrative oil wells directly
to Rockefeller's refineries.
963
01:11:38,086 --> 01:11:40,746
John Rockefeller has
finally found his way
964
01:11:40,838 --> 01:11:43,878
to eliminate the railroads
from the oil business,
965
01:11:43,966 --> 01:11:47,256
and in the process, he's
forever revolutionized
966
01:11:47,345 --> 01:11:49,755
the way oil is transported.
967
01:11:53,935 --> 01:11:55,975
- (train whistle blows)
968
01:11:59,816 --> 01:12:03,066
- NARRATOR: For twenty-five
years, the railroads have been
969
01:12:03,152 --> 01:12:05,612
the biggest industry
in the country,
970
01:12:05,697 --> 01:12:07,987
the backbone of the
American economy.
971
01:12:09,575 --> 01:12:14,655
No one has ever had the nerve
to take them on, until now.
972
01:12:17,041 --> 01:12:19,211
Rockefeller knows
that without his oil,
973
01:12:20,962 --> 01:12:23,462
the railroads will
struggle to stay alive.
974
01:12:30,096 --> 01:12:32,346
It's a colossal blow
to the industry,
975
01:12:33,182 --> 01:12:34,892
and with all
that leverage,
976
01:12:34,976 --> 01:12:37,976
Rockefeller has Vanderbilt
and the railroads
977
01:12:38,062 --> 01:12:39,732
right where he wants them.
978
01:12:51,284 --> 01:12:53,834
The United States of
America is changing
979
01:12:53,911 --> 01:12:55,161
like never before.
980
01:12:56,205 --> 01:12:58,455
In just a decade, the
country has become
981
01:12:58,541 --> 01:13:00,581
one of the most advanced
on earth,
982
01:13:01,502 --> 01:13:04,462
and darkness no longer
means the end of the day.
983
01:13:05,840 --> 01:13:08,590
Two men have driven this
remaking of the country.
984
01:13:11,179 --> 01:13:14,259
John D. Rockefeller and
Cornelius Vanderbilt
985
01:13:14,348 --> 01:13:16,388
are locked in a
battle of wills.
986
01:13:20,688 --> 01:13:21,808
- Commodore.
987
01:13:21,898 --> 01:13:23,268
- Mr. Rockefeller.
988
01:13:25,943 --> 01:13:28,653
- NARRATOR: Vanderbilt and his
competitors are in drastic
989
01:13:28,738 --> 01:13:32,068
search of passengers and
cargo to fill the trains
990
01:13:32,158 --> 01:13:33,868
running on their lines.
991
01:13:33,951 --> 01:13:36,751
- In the 1870s, the
country needed to be connected
992
01:13:36,829 --> 01:13:38,829
via railroads,
and what happens
993
01:13:38,915 --> 01:13:43,125
then is everybody who thinks
they have an edge
994
01:13:43,211 --> 01:13:46,131
in the railroad business goes
out and raises money
995
01:13:46,214 --> 01:13:48,554
and they start
their own railroad.
996
01:13:48,633 --> 01:13:50,763
And what happened then
is we've seen happen
997
01:13:50,843 --> 01:13:54,433
many of times since then, is
it created a huge bubble.
998
01:13:54,514 --> 01:13:56,564
- NARRATOR:
John D. Rockefeller's oil
999
01:13:56,641 --> 01:13:58,061
makes up nearly forty percent
1000
01:13:58,142 --> 01:14:00,392
of the cargo shipped
on the rails.
1001
01:14:02,480 --> 01:14:05,190
But when Vanderbilt teams
with his biggest rival
1002
01:14:05,274 --> 01:14:08,154
to push for a rate increase,
Rockefeller takes it
1003
01:14:08,236 --> 01:14:10,316
as a declaration of war.
1004
01:14:12,698 --> 01:14:15,118
He builds a pipeline
in response,
1005
01:14:16,494 --> 01:14:18,544
and begins to pull
his shipments.
1006
01:14:19,580 --> 01:14:22,750
And since the railroads
have been drastically overbuilt,
1007
01:14:22,834 --> 01:14:25,044
losing cargo
means losing money.
1008
01:14:26,671 --> 01:14:29,591
Stocks plummet as
investors run scared.
1009
01:14:31,133 --> 01:14:33,343
- When prices get
out of control,
1010
01:14:33,427 --> 01:14:35,257
and smart people decide,
1011
01:14:35,346 --> 01:14:38,636
"Wow, this thing is a bubble,
I want out",
1012
01:14:38,724 --> 01:14:41,354
then you can get a
collapse very quickly.
1013
01:14:59,245 --> 01:15:02,115
- NARRATOR: By the time the
Panic is through,
1014
01:15:02,206 --> 01:15:06,076
one-third of the country's
360 railroad companies
1015
01:15:06,168 --> 01:15:07,628
have gone bankrupt.
1016
01:15:09,213 --> 01:15:11,843
- ALAN GREENSPAN: Every
crisis of this type,
1017
01:15:11,924 --> 01:15:14,134
whether it's 2008,
1018
01:15:14,802 --> 01:15:17,602
or 1873,
1019
01:15:18,264 --> 01:15:19,684
has got the same roots.
1020
01:15:20,308 --> 01:15:23,178
Namely, that it
was unanticipated.
1021
01:15:23,728 --> 01:15:28,018
So a necessary condition for a
crisis is nobody expects it.
1022
01:15:29,984 --> 01:15:32,574
- NARRATOR: The crash
is the worst America has seen
1023
01:15:32,653 --> 01:15:33,993
in its short history.
1024
01:15:36,490 --> 01:15:39,240
Unsure how to prevent
a complete collapse,
1025
01:15:39,327 --> 01:15:43,327
the stock exchange shuts
down and stays closed
1026
01:15:43,414 --> 01:15:45,294
for ten straight days.
1027
01:15:50,087 --> 01:15:52,337
- H.W. BRAND: The Panic of
1873 triggered
1028
01:15:52,423 --> 01:15:56,053
the first full-blown national
depression,
1029
01:15:56,135 --> 01:15:58,505
and nobody quite knew
what to do about it.
1030
01:16:09,857 --> 01:16:13,487
For the first time,
large--very large--
1031
01:16:13,569 --> 01:16:16,359
numbers ofAmerican workers
were without jobs.
1032
01:16:23,955 --> 01:16:26,575
Workers got laid
off, but the owners,
1033
01:16:26,666 --> 01:16:28,246
they still lived
in the style
1034
01:16:28,334 --> 01:16:30,094
that they were
accustomed to.
1035
01:16:32,088 --> 01:16:35,258
But no one was shedding any
tears for John D. Rockefeller.
1036
01:16:37,802 --> 01:16:39,972
People were saving their
tears for themselves,
1037
01:16:40,054 --> 01:16:42,014
when they found
themselves out of work,
1038
01:16:42,098 --> 01:16:44,718
out of their homes, out
of food, out of hope.
1039
01:16:53,526 --> 01:16:56,066
- NARRATOR: While many
of the biggest companies
1040
01:16:56,153 --> 01:16:58,203
in the country
struggle to survive,
1041
01:16:58,280 --> 01:17:00,570
Rockefeller sees opportunity,
1042
01:17:02,576 --> 01:17:05,696
his belief in the survival
of the fittest kicking in.
1043
01:17:08,708 --> 01:17:10,788
As his competition
collapses,
1044
01:17:10,876 --> 01:17:12,956
Rockefeller
picks them off,
1045
01:17:13,754 --> 01:17:16,804
buying out bankrupt oil
companies for next to nothing.
1046
01:17:17,842 --> 01:17:19,722
- DONALD TRUMP: I find
that I do better in bad markets.
1047
01:17:19,802 --> 01:17:21,552
I buy things
in bad markets.
1048
01:17:21,637 --> 01:17:24,097
And, you can't do that
in a great economy.
1049
01:17:24,181 --> 01:17:25,181
You can't buy it.
1050
01:17:25,266 --> 01:17:27,346
Either you're gonna buy it
very expensively
1051
01:17:27,435 --> 01:17:29,015
or not be able to buy
it at all.
1052
01:17:29,103 --> 01:17:31,153
So there's a lot of
opportunity, I find,
1053
01:17:31,230 --> 01:17:32,400
in the bad times.
1054
01:17:33,024 --> 01:17:35,234
- NARRATOR: By the time the
depression is through,
1055
01:17:35,317 --> 01:17:36,567
Rockefeller has created
1056
01:17:36,652 --> 01:17:39,362
the largest corporate empire
in America.
1057
01:17:41,115 --> 01:17:44,325
- H.W. BRAND: He was playing
the game of industry,
1058
01:17:44,410 --> 01:17:47,450
and he was simply better
at it than everybody else.
1059
01:17:48,039 --> 01:17:50,919
He saw the industrial
marketplace
1060
01:17:51,417 --> 01:17:53,917
as a place for the survival
of the fittest,
1061
01:17:54,003 --> 01:17:56,343
and he was fitter
than anybody else,
1062
01:17:56,422 --> 01:17:57,672
therefore he survived.
1063
01:17:57,757 --> 01:18:00,007
Not only that, therefore
he deserved to survive,
1064
01:18:00,092 --> 01:18:01,432
and they didn't.
1065
01:18:08,893 --> 01:18:11,563
- NARRATOR: While Rockefeller
expands his company,
1066
01:18:11,645 --> 01:18:13,515
his adversaries
at the railroads
1067
01:18:13,606 --> 01:18:15,226
are struggling to survive.
1068
01:18:16,817 --> 01:18:19,817
Then, at the height
of the depression,
1069
01:18:19,904 --> 01:18:22,454
the king of the
American railroads,
1070
01:18:22,531 --> 01:18:24,241
Cornelius Vanderbilt,
1071
01:18:25,910 --> 01:18:28,240
dies, at the age of 82.
1072
01:18:31,332 --> 01:18:33,372
Vanderbilt leaves
his empire,
1073
01:18:33,459 --> 01:18:35,789
worth over one hundred
million dollars,
1074
01:18:35,878 --> 01:18:37,628
to his son, William.
1075
01:18:41,300 --> 01:18:44,090
Rockefeller knows that
without Vanderbilt,
1076
01:18:44,178 --> 01:18:46,968
he would've never been
able to build his empire.
1077
01:18:56,232 --> 01:18:58,692
- (train hisses)
1078
01:18:59,151 --> 01:19:02,071
- NARRATOR: But Rockefeller's
last remaining adversaries
1079
01:19:02,154 --> 01:19:04,324
refuse to go down
without a fight.
1080
01:19:05,116 --> 01:19:08,236
Tom Scott, and his
protégé, Andrew Carnegie,
1081
01:19:08,327 --> 01:19:10,157
have managed to survive.
1082
01:19:10,579 --> 01:19:12,999
And since Rockefeller's
pipeline doesn't extend
1083
01:19:13,082 --> 01:19:16,502
to Pittsburgh, he's forced
to continue to use their trains.
1084
01:19:17,711 --> 01:19:21,421
But Scott knows if he and
Carnegie don't diversify,
1085
01:19:21,507 --> 01:19:22,967
they won't survive.
1086
01:19:33,144 --> 01:19:35,354
Scott devises an
aggressive plan
1087
01:19:35,437 --> 01:19:36,897
to expand his empire.
1088
01:19:39,233 --> 01:19:42,153
One that's sure to catch
Rockefeller's attention.
1089
01:19:45,364 --> 01:19:47,624
He's going to break
into the oil business
1090
01:19:48,242 --> 01:19:50,952
by building a pipeline
of his own.
1091
01:20:00,796 --> 01:20:02,836
But if there's one thing
John Rockefeller
1092
01:20:02,923 --> 01:20:06,343
hates more than anything
else, it's competition.
1093
01:20:09,471 --> 01:20:11,811
Tom Scott is in for war.
1094
01:20:17,188 --> 01:20:20,228
- ROCKEFELLER: I've tried to be
friendly to the Pennsylvania.
1095
01:20:22,568 --> 01:20:25,028
I've given you plenty
of business, have I not?
1096
01:20:25,112 --> 01:20:27,782
And now, I find that
you're invading my field.
1097
01:20:29,700 --> 01:20:31,280
And that, my
friend, is piracy.
1098
01:20:36,165 --> 01:20:38,245
- We'll take your
feelings into account,
1099
01:20:38,334 --> 01:20:39,424
Mr. Rockefeller.
1100
01:20:41,462 --> 01:20:44,092
- Two thirds of the oil
you carry comes from me.
1101
01:20:44,924 --> 01:20:48,384
If you don't retreat, I'll take
it to the other railroads.
1102
01:20:51,764 --> 01:20:54,064
- As far as I'm aware,
there isn't another railroad
1103
01:20:54,141 --> 01:20:56,391
that runs from
Pittsburgh to New York.
1104
01:21:17,581 --> 01:21:20,791
- NARRATOR: America's growth
after the Civil War is driven
1105
01:21:20,876 --> 01:21:22,916
by railroads uniting
the country,
1106
01:21:25,756 --> 01:21:27,716
and oil lighting the way.
1107
01:21:29,677 --> 01:21:31,967
No one has capitalized
on the growth
1108
01:21:32,054 --> 01:21:33,934
more than
John D. Rockefeller,
1109
01:21:35,015 --> 01:21:37,305
who now
controls ninety percent
1110
01:21:37,393 --> 01:21:38,983
of the U.S oil market.
1111
01:21:48,028 --> 01:21:50,528
With the death of
Cornelius Vanderbilt,
1112
01:21:50,614 --> 01:21:53,834
only one man stands in
the way of Rockefeller's
1113
01:21:53,909 --> 01:21:55,619
complete control of oil,
1114
01:21:59,540 --> 01:22:00,500
Tom Scott.
1115
01:22:03,043 --> 01:22:06,093
- H.W. BRAND: There was a sort
of mutual admiration
1116
01:22:06,171 --> 01:22:09,471
among the big capitalists, but
it was an admiration
1117
01:22:09,550 --> 01:22:12,340
that was accompanied
by deep suspicion.
1118
01:22:12,720 --> 01:22:18,020
The big capitalists of the
day eyed each other very warily.
1119
01:22:18,517 --> 01:22:21,597
Rockefeller looked
on Tom Scott,
1120
01:22:22,229 --> 01:22:25,399
of the Penn Railroad,
as a competitor.
1121
01:22:27,943 --> 01:22:30,653
- NARRATOR: Tom Scott's trains
transport oil to
1122
01:22:30,738 --> 01:22:33,818
and from Rockefeller's
refineries in Pittsburgh,
1123
01:22:33,907 --> 01:22:36,617
where the Standard Oil
pipeline doesn't reach.
1124
01:22:39,121 --> 01:22:41,711
With all that leverage,
Scott is confident
1125
01:22:41,790 --> 01:22:45,040
he has the ammunition to
take on Rockefeller.
1126
01:22:50,424 --> 01:22:53,724
But Rockefeller isn't one
to back down from a fight.
1127
01:22:59,266 --> 01:23:01,386
- I don't want one drop
of our oil traveling
1128
01:23:01,477 --> 01:23:02,477
on the Pennsylvania.
1129
01:23:02,561 --> 01:23:05,521
- But what about
the Pittsburgh refineries?
1130
01:23:05,606 --> 01:23:07,066
- Shut them down.
1131
01:23:12,863 --> 01:23:15,323
- NARRATOR: Shutting down
his refineries will cost
1132
01:23:15,407 --> 01:23:17,867
Standard Oil a fortune
in lost revenue,
1133
01:23:19,453 --> 01:23:22,333
but for Rockefeller,
crushing his competition
1134
01:23:22,414 --> 01:23:24,504
matters more than
anything else.
1135
01:23:29,046 --> 01:23:32,756
Without Rockefeller's oil,
Scott loses nearly
1136
01:23:32,841 --> 01:23:34,261
half of his business,
1137
01:23:37,596 --> 01:23:38,966
forcing him to lay off
1138
01:23:39,056 --> 01:23:42,886
tens of thousands of workers,
and drastically cut wages.
1139
01:23:46,480 --> 01:23:49,320
Those workers take to
the streets in protest.
1140
01:23:54,113 --> 01:23:56,323
And as darkness
falls on Pittsburgh,
1141
01:23:57,282 --> 01:23:58,492
they turn violent.
1142
01:23:58,575 --> 01:23:59,945
- (shouting)
1143
01:24:01,161 --> 01:24:04,711
- NARRATOR: A fire is set
in Tom Scott's train yards.
1144
01:24:04,790 --> 01:24:07,460
- (shouting)
- (explosion)
1145
01:24:20,264 --> 01:24:22,064
- NARRATOR: Before
the night is over,
1146
01:24:22,141 --> 01:24:24,021
more than thirty-nine
buildings
1147
01:24:24,101 --> 01:24:26,601
and over twelve hundred
train cars are destroyed.
1148
01:24:35,112 --> 01:24:38,032
Tom Scott's company
lays in ruin.
1149
01:24:43,287 --> 01:24:45,497
- H.W. BRAND: This is how
capitalism works.
1150
01:24:45,581 --> 01:24:48,541
The railroads had been
the big suppliers
1151
01:24:48,625 --> 01:24:50,665
of transportation in
the oil industry,
1152
01:24:50,752 --> 01:24:52,882
and so the railroads
quite naturally resisted.
1153
01:24:54,965 --> 01:24:57,425
They dug in their heels
whenever they could.
1154
01:24:58,594 --> 01:25:00,054
Eventually they lost.
1155
01:25:24,703 --> 01:25:25,703
- Come on.
1156
01:25:29,917 --> 01:25:30,917
Let's go.
1157
01:25:43,597 --> 01:25:45,767
- NARRATOR:
John D. Rockefeller
1158
01:25:45,849 --> 01:25:48,229
has replaced
Cornelius Vanderbilt
1159
01:25:48,310 --> 01:25:50,390
as the richest
man in America.
1160
01:25:53,232 --> 01:25:56,862
His net worth is now
over $150 million,
1161
01:25:59,696 --> 01:26:02,656
or $225 billion today.
1162
01:26:04,034 --> 01:26:06,334
- JOHN D. ROCKEFELLER IV:
It's dazzlingly amazing
1163
01:26:06,411 --> 01:26:10,001
that one individual was able to
corner about ninety-eight
1164
01:26:10,082 --> 01:26:13,712
percent of all the
kerosene and eventually
1165
01:26:13,794 --> 01:26:15,674
all production
in the world.
1166
01:26:15,754 --> 01:26:18,304
He was a brilliant
business person.
1167
01:26:18,382 --> 01:26:20,722
I can only give him
credit for that.
1168
01:26:20,801 --> 01:26:24,641
I don't have to give
him credit for
1169
01:26:24,721 --> 01:26:28,311
the way that he became
that powerful.
1170
01:26:31,103 --> 01:26:33,943
- NARRATOR:
But all titans are targets.
1171
01:26:35,649 --> 01:26:38,649
And now Rockefeller is
about to come face to face
1172
01:26:41,280 --> 01:26:43,570
with his biggest
challenge ever.
87329
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