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- NARRATOR: America has
emerged onto the world stage
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rebuilt over the
past five decades
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by John Rockefeller, Andrew
Carnegie, and J.P. Morgan.
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They've reigned
uncontested for years.
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Only now the government
is cracking down
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on big business
in a big way.
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- (Blues Saraceno playing
"Save My Soul")
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♪ When I got to Memphis ♪
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♪ I put my old
baby down ♪
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♪ He said I can't
take you to Heaven ♪
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♪ I can't save
your soul ♪
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♪ I can't promise
forever ♪
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♪ Whoo ♪
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♪ With my heart
in your hands ♪
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♪ I can't feel,
fell my soul ♪
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- NARRATOR: The case will
be the biggest challenge
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of Rockefeller's life.
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A fight that will determine the
future of the country.
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As Rockefeller is forced
to defend the company
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he built from nothing
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into one of the most powerful
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corporation's on earth.
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- Buy now. Buy everything.
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Buy the whole company.
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- (people murmuring)
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- It's Rockefeller.
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- The United States
versus Standard Oil.
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This hearing is
now in session.
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Please state your name.
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- John Rockefeller.
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- Mr. Rockefeller,
can you tell the court
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how in just one year,
in 1872,
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you acquired all the
refineries in Cleveland?
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- I don't remember.
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- (gasps)
- (people murmuring)
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- It was 36 years ago.
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- You used intimidation to
wipe out the competition,
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did you not?
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I mean, so ruthlessly
that it became known
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as the Cleveland massacre.
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- I don't remember
any massacre.
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- (people murmuring)
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- Are you aware of
payments made by Standard
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Oil to a Senator,
$15,000 to block a bill
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hostile to Standard Oil?
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- I don't remember.
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- We have a list of bribes
made by Standard Oil
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to politicians
between 1903...
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- I stepped down as
Chief Executive
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of Standard Oil in 1902.
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I can't answer for any
incidents that occurred
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after that date.
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- You are still President
of Standard Oil,
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are you not?
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- It's an honorary title.
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Much like that of
President of the United States.
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- (laughter)
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- Can I remind you Mr.
Rockefeller of the seriousness
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of the charges
brought against you.
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- NARRATOR: As John
Rockefeller fights to keep
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his monopoly intact a new
generation of businessmen
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is facing a new set
of challenges as they struggle
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to get their
companies off the ground.
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- I have set out to build
the best motor car
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for popular use.
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The Ford motor car
is durable and light,
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weighing only 1,000lbs.
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It has a four cylinder
engine and is capable
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of speeds up to 45
miles an hour.
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It is priced at $900
compared to $1 500
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for the average
licensed car.
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Which makes it
the first car
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affordable for
the common man.
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- NARRATOR: Young
entrepreneur Henry Ford
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has created a
new kind of car.
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But in order to sell it
he needs to get permission
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from the association
of licensed automobile
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manufacturers,
also known as ALAM.
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ALAM owns the patent on
the automobile giving them
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complete control over who
can manufacture and sell cars.
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They are, in a sense,
a giant car monopoly
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and Ford's future now
rests in their hands.
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- ALAM: Thank
you Mr. Ford.
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We'll be in touch.
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- Thank you, gentleman.
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- NARRATOR: Ford is
hopeful he'll be approved
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by ALAM, allowing him to
start his own business
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and to pursue his dream
for the future
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of the car industry.
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- When Ford entered the
automobile business
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people didn't drive their own
cars, they had drivers.
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And so cars were seen
as this luxury item.
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Ford's insight was that
cars could be an every day item.
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They could be very
utilitarian so that it was
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within the reach
of ordinary people.
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- NARRATOR: Ford has spent
years developing his car
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for the common man.
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He builds his first model
at the age of 33 and calls
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it the quadricyle.
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But the vehicle is
expensive to produce
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and prone to breaking down.
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Ford's second attempt--
Model A--is much more suited
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to the needs
of modern America.
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But he can't begin selling
it without permission from ALAM.
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- ALAM was successful
in blackmailing
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other automobile companies
saying,
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"you have to be licensed
by us or we will sue you.
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And we own this patent."
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- NARRATOR: After months
of deliberation the ALAM
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board reaches
its decision.
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Henry Ford's
application is rejected.
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It's a crushing blow.
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The auto cartel has
stopped him in his tracks.
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But Henry Ford is
determined to show the world
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that to succeed in
America all you need
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is integrity and ingenuity.
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The next generation of
businessmen is on the rise.
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Henry Ford is battling
a powerful cartel
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for the right to make
a car he believes in.
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The Association of
Licensed Automobiles
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manufacturers owns the
patent on the automobile
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and budding car makers
like Henry Ford need
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its permission to sell cars.
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After being rejected by ALAM,
Ford is left with few options
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but he isn't about to give up
on his dreams.
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- Ford thought that
the whole thing was ridiculous.
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That there could not be a patent
on the idea of the automobile.
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That the automobile was
not the property
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of one single individual.
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- NARRATOR: Ford is
determined to get around
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ALAM'S stranglehold
on the auto industry.
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00:08:40,685 --> 00:08:44,691
But he's just one man going up
against a virtual monopoly.
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If he's going to be a
success, without ALAM,
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he's going to need to
make a name for himself.
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- It's a very simple
thing on the make or break
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decision: it's the gut and
that's what separates
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the great leaders and
the great successes.
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And if you can't listen to
it and you don't have it,
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you're never gonna get it
'cause it's never gonna come
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00:09:03,980 --> 00:09:05,024
from someplace else.
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- NARRATOR: Henry Ford
challenges the owner
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of the biggest car company
in the country to a race.
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Alexander Winton is also
known as the fastest
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driver in America and a
prominent member ofALAM.
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Beating Winton with a car of his
own design has the potential
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00:09:36,628 --> 00:09:39,049
to give Ford the
boost he needs to start
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00:09:39,134 --> 00:09:40,385
his own company.
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There's just one problem,
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Henry Ford had never
raced a care before.
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- It's a David
and Goliath scene.
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Winton's famous,
world record holder,
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has this fancy race car.
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Ford, the local
boy made good.
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- NARRATOR: Henry Ford's
upset win over the fastest man
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in America makes
him instantly famous.
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- Ford's a hero and this
is really the first big time,
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I think, that he
becomes a celebrity.
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The Ford name gets out
there and he milks it
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for everything that
it's worth,
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and it was a very crucial
part of Ford
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getting investors for the
Ford Motor Company.
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- NARRATOR: Ford raises
$28,000--or $700,000 today.
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Enough money to build his
first factory in Highland Park,
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Michigan and before long he's
producing 1 5 cars a day,
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priced low enough for
almost any American.
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- When it finally
does break through,
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it is sort of gratifying
because you--you're
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starting to see the reality of
what you always believe.
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00:12:12,895 --> 00:12:15,317
That--that the vision you
had that someday the world
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would be different is starting
to move in that direction.
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- NARRATOR: Henry Ford's early
success puts him on the map.
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But ALAM takes notice and
hits him with a lawsuit
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claiming he's breaching
their patent on the automobile.
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- You see all these huge
conglomerations
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suing people over patents.
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The big guys are taking
advantage of the little guys,
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trying to find
whatever angle they could
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and using their might.
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And those with the
best tricksters win.
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- NARRATOR: While Henry
Ford prepares to bring
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00:12:56,315 --> 00:12:59,070
his fight for the little
guy to a Detroit court,
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the trial to bring
down Standard Oil
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is starting to get ugly.
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- Mr. Rockefeller, we have
evidence that you placed
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several refineries
out of business.
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- Not to my knowledge.
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- Do you accept that
Standard Oil has enjoyed
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profitability higher
than most industries?
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00:13:28,837 --> 00:13:32,261
- Our profitability is no
higher than that of US Steel.
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I haven't heard of
anyone attempting
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to break up U.S. Steel.
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- NARRATOR: While
Rockefeller is fighting
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00:13:41,946 --> 00:13:43,240
to save his company,
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00:13:45,746 --> 00:13:49,169
J.P. Morgan has been able to
keep his steel monopoly
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00:13:49,253 --> 00:13:51,048
of the government's hit list.
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He's used his power and
influence to broker
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a number of deals for the nation
applying the might
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00:14:01,109 --> 00:14:03,739
of U.S. Steel to strengthen
the country's infrastructure.
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00:14:07,121 --> 00:14:10,628
But Morgan's biggest deal
is just getting started
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in Central America.
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00:14:14,929 --> 00:14:17,976
For years, attempts have
been made to build a canal
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00:14:18,060 --> 00:14:20,230
linking the Atlantic
and Pacific Oceans.
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00:14:22,569 --> 00:14:25,408
Such a canal would cut
East to West travel time
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00:14:25,492 --> 00:14:29,498
in half saving ships over
8,000 miles per trip.
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00:14:31,962 --> 00:14:36,429
But no one's had the power to
make it happen, until now.
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00:14:39,435 --> 00:14:42,691
J.P. Morgan acts as the middle
man for the government
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and raises $40 million dollars
- OR $7 billion today--
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00:14:46,450 --> 00:14:47,911
to get the project started.
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00:14:52,377 --> 00:14:55,049
The Panama Canal is
the most ambitious
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construction project the United
States has ever undertaken.
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00:15:00,435 --> 00:15:03,858
Over 75,000 workers
labor in brutal heat,
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00:15:04,361 --> 00:15:05,946
fighting off
deadly diseases,
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00:15:08,034 --> 00:15:12,417
digging a canal 51 miles from
the Atlantic to the Pacific.
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- To assemble the
manpower, the material,
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00:15:29,118 --> 00:15:31,871
and the finances; to cut
a swath through the middle
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00:15:31,957 --> 00:15:35,004
of Panama and join the
Atlantic Ocean with the
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00:15:35,088 --> 00:15:38,384
Pacific Ocean--only an
industrially sophisticated
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00:15:38,469 --> 00:15:39,679
nation could do that.
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00:15:41,224 --> 00:15:43,478
- NARRATOR: The Panama
Canal embodies everything
220
00:15:43,563 --> 00:15:46,317
that makes America the most
powerful country on the planet.
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00:15:48,906 --> 00:15:51,536
Built on steel,
powered by electricity
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00:15:52,456 --> 00:15:53,790
and running on gasoline.
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00:15:56,881 --> 00:15:59,969
And it's all made possible
due to the financial might
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00:16:00,054 --> 00:16:02,432
of one of the country's
most powerful men.
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00:16:07,693 --> 00:16:10,573
But the age of the
monopoly is still on trial
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00:16:12,578 --> 00:16:15,208
and the unchallenged power
the Titans have used
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00:16:15,292 --> 00:16:19,508
to amass their empires is
not going to last forever.
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00:16:28,150 --> 00:16:31,280
Decades of unprecedented
growth have transformed
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00:16:31,365 --> 00:16:33,535
America into an
industrial super power.
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00:16:36,626 --> 00:16:38,712
The change has been driven
by some of the largest
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00:16:38,797 --> 00:16:40,842
companies the world
has ever seen:
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00:16:42,512 --> 00:16:43,513
U.S. Steel,
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00:16:46,604 --> 00:16:49,733
Standard Oil
and General Electric.
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00:16:52,699 --> 00:16:54,618
But it also comes
with a cost.
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00:16:56,123 --> 00:16:58,751
Workers are outraged over
dangerous conditions
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00:16:58,837 --> 00:17:00,755
at factories across
the country.
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00:17:00,840 --> 00:17:03,093
- Nobody will break us!
Nobody!
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00:17:04,806 --> 00:17:07,018
- NARRATOR: And the gap
between the rich and the poor
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00:17:07,102 --> 00:17:09,023
is bigger than
it's ever been.
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00:17:09,942 --> 00:17:12,946
Many are convinced
that America's largest companies
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00:17:13,032 --> 00:17:14,658
are holding
the country back.
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00:17:15,369 --> 00:17:18,082
The age of monopoly
is under threat.
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00:17:19,502 --> 00:17:21,213
- I hate monopolists.
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00:17:21,297 --> 00:17:23,593
I fought monopolists
all my life.
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00:17:23,677 --> 00:17:26,514
I always wanted an
even playing field,
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00:17:26,599 --> 00:17:29,647
but I had to fight for an even
playing field for myself.
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00:17:36,954 --> 00:17:41,086
- NARRATOR: Over a 40 year
career John Rockefeller
248
00:17:41,170 --> 00:17:44,259
used innovation and
ingenuity to create
249
00:17:44,343 --> 00:17:47,557
a corporate empire unlike
any the world has ever seen.
250
00:17:51,022 --> 00:17:52,985
But he was also
notoriously ruthless
251
00:17:54,864 --> 00:17:57,242
and many believe he
went too far.
252
00:17:58,956 --> 00:18:00,874
For John D. Rockefeller,
253
00:18:00,959 --> 00:18:04,007
judgment day
is here in what's become
254
00:18:04,091 --> 00:18:08,890
the trial of the century:
The People versus Standard Oil.
255
00:18:12,941 --> 00:18:15,611
- The picture painted
of Standard Oil
256
00:18:15,696 --> 00:18:16,780
is a depressing one.
257
00:18:17,784 --> 00:18:21,832
No trust in the history
ofAmerica has been
258
00:18:21,917 --> 00:18:25,256
so destructive in its
pursuit of profit.
259
00:18:27,470 --> 00:18:31,727
Time and time again we
have heard how Standard Oil
260
00:18:31,811 --> 00:18:34,274
has used secret
kickbacks from the
261
00:18:34,359 --> 00:18:38,532
railroads, been routinely
engaged in predatory
262
00:18:38,617 --> 00:18:44,044
pricing, used intimidation
and exclusive sales
263
00:18:44,128 --> 00:18:47,884
territories to put
refineries out of business.
264
00:18:50,808 --> 00:18:54,731
For over thirty years,
Standard Oil has been
265
00:18:54,816 --> 00:19:00,159
on a mission to crush its
competition and establish
266
00:19:00,244 --> 00:19:04,918
itself as a monopoly to
hoist up the price of kerosene.
267
00:19:08,759 --> 00:19:13,269
Mr. Rockefeller, before
the court renders its decision,
268
00:19:15,148 --> 00:19:17,066
do you have
anything you wish to say?
269
00:19:26,420 --> 00:19:30,887
- When I came into the oil
industry, there was chaos.
270
00:19:32,307 --> 00:19:33,558
I brought order.
271
00:19:34,644 --> 00:19:37,983
I took a second rate,
inefficient market
272
00:19:38,067 --> 00:19:39,528
and built an industry.
273
00:19:41,491 --> 00:19:43,745
It was done the way it was
because that's the way
274
00:19:43,829 --> 00:19:44,955
it had to be done.
275
00:19:46,710 --> 00:19:50,633
No one complained when I
brought light into every home.
276
00:19:51,678 --> 00:19:55,017
No one complained when
I provided thousands ofjobs,
277
00:19:55,101 --> 00:19:57,021
or millions of
dollars from exports.
278
00:19:58,233 --> 00:20:00,987
Oil is what this
country runs on.
279
00:20:03,993 --> 00:20:09,254
You call it monopoly,
I call it enterprise.
280
00:20:09,713 --> 00:20:13,262
- (people murmuring)
281
00:20:13,346 --> 00:20:17,728
- Now, you tell me,
why am I here?
282
00:20:20,276 --> 00:20:23,282
- (gavel bangs)
- (people murmuring)
283
00:20:28,333 --> 00:20:30,922
- NARRATOR: As the court
adjourns to deliberate
284
00:20:32,426 --> 00:20:35,096
Rockefeller can only
await his company's fate.
285
00:20:45,619 --> 00:20:49,876
Hundreds of miles away a
new kind of businessman,
286
00:20:49,960 --> 00:20:52,171
Henry Ford, also waits.
287
00:20:54,385 --> 00:20:57,265
A panel of federal judges
will decide whether Ford
288
00:20:57,350 --> 00:20:59,478
can continue to freely
manufacture
289
00:20:59,562 --> 00:21:01,607
and sell his model A car.
290
00:21:04,489 --> 00:21:06,533
The association of
licensed automobile
291
00:21:06,618 --> 00:21:09,498
manufacturers is suing
Ford for a royalty on
292
00:21:09,582 --> 00:21:11,084
every car he sells.
293
00:21:16,554 --> 00:21:19,434
Ford knows those royalties
would drive up the cost
294
00:21:19,519 --> 00:21:22,106
of his car putting
it out of the reach
295
00:21:22,190 --> 00:21:23,693
for the average consumer.
296
00:21:25,113 --> 00:21:27,742
For most early car makers,
the lawsuit would be
297
00:21:27,827 --> 00:21:32,084
a devastating setback, but
for Ford it's something
298
00:21:32,168 --> 00:21:34,422
different--an
opportunity.
299
00:21:35,299 --> 00:21:37,344
- People react to failure
in one of two ways.
300
00:21:37,429 --> 00:21:40,642
Either they get
scared and give up.
301
00:21:41,395 --> 00:21:44,900
Or they take that failure
that--as a learning
302
00:21:44,985 --> 00:21:47,364
experience and they kind
of use that experience
303
00:21:47,449 --> 00:21:49,661
to redouble their efforts.
304
00:21:52,959 --> 00:21:55,380
- Ford is convinced
the era of unchecked
305
00:21:55,465 --> 00:21:56,717
monopolies is over.
306
00:21:58,053 --> 00:22:01,016
So as his lawsuit winds
its way through court
307
00:22:01,769 --> 00:22:05,232
he openly defies the order
from ALAM and continues
308
00:22:05,317 --> 00:22:07,153
building and
selling his cars.
309
00:22:09,575 --> 00:22:11,871
He believes there's a
better way to conduct
310
00:22:11,955 --> 00:22:14,626
business in America and
he's determined
311
00:22:14,710 --> 00:22:16,296
to make it a reality.
312
00:22:18,009 --> 00:22:20,596
- Henry Ford was able to
position himself
313
00:22:20,680 --> 00:22:24,270
as an anti-monopolist, really
in a certain way,
314
00:22:24,355 --> 00:22:27,276
as a kind of antithesis of
the Rockefellers
315
00:22:27,362 --> 00:22:28,780
and the Carnegies.
316
00:22:28,864 --> 00:22:32,370
He is a kind of heroic
individual entrepreneur,
317
00:22:32,454 --> 00:22:34,500
who believed
in competition,
318
00:22:34,584 --> 00:22:36,711
who believed in
developing a product
319
00:22:36,796 --> 00:22:38,674
and bringing it
to the people.
320
00:22:38,758 --> 00:22:41,263
- NARRATOR: Ford begins
paying his workers
321
00:22:41,347 --> 00:22:43,684
a livable wage, $5 per day,
322
00:22:45,772 --> 00:22:48,485
more than double the rate
of most U.S. factories.
323
00:22:51,200 --> 00:22:54,205
But Ford isn't just
paying his workers better,
324
00:22:54,290 --> 00:22:56,333
he's also getting
more out of them.
325
00:22:58,046 --> 00:23:00,718
He innovates a new system
for producing cars.
326
00:23:01,804 --> 00:23:04,433
Rather than hand crafting
each car one at a time,
327
00:23:05,645 --> 00:23:07,940
his are assembled by
a line of workers,
328
00:23:08,025 --> 00:23:09,359
piece by piece.
329
00:23:10,488 --> 00:23:12,407
It's called the
assembly line
330
00:23:13,870 --> 00:23:16,290
and it completely changes
manufacturing forever.
331
00:23:19,130 --> 00:23:22,260
- Ford didn't invent
mass production.
332
00:23:23,221 --> 00:23:25,600
But he perfected
mass production.
333
00:23:25,684 --> 00:23:28,272
He understood that a
complicated product
334
00:23:28,357 --> 00:23:33,198
like an automobile could be
simplified and could be
335
00:23:33,282 --> 00:23:37,081
made less expensive if the
same thing was produced
336
00:23:37,165 --> 00:23:38,709
again and again and again.
337
00:23:42,551 --> 00:23:44,136
- NARRATOR: Using
the assembly line,
338
00:23:44,221 --> 00:23:46,892
Ford workers can build
cars up to 8 times faster
339
00:23:46,977 --> 00:23:49,606
than any other automobile
factory in the world.
340
00:23:52,112 --> 00:23:54,532
What once took 12
hours to assemble,
341
00:23:54,616 --> 00:23:56,495
now takes an
hour and a half.
342
00:23:57,872 --> 00:24:00,335
The innovation allows Ford
to standardize
343
00:24:00,420 --> 00:24:01,754
the 8-hour workday,
344
00:24:03,342 --> 00:24:04,593
5 days per week.
345
00:24:08,437 --> 00:24:10,480
But for Ford to
continue to innovate,
346
00:24:10,565 --> 00:24:12,317
he'll need to
win his lawsuit.
347
00:24:14,238 --> 00:24:16,534
His fate, like
John Rockefeller's,
348
00:24:16,618 --> 00:24:18,788
now rests in the hands
of a federal court.
349
00:24:21,127 --> 00:24:24,007
Henry Ford and
John D. Rockefeller
350
00:24:24,091 --> 00:24:25,927
are two
American icons,
351
00:24:26,597 --> 00:24:27,806
from different
generations,
352
00:24:30,897 --> 00:24:33,610
on opposing sides of
battle for the country's future.
353
00:24:36,617 --> 00:24:39,997
As the verdicts come in,
American business
354
00:24:40,082 --> 00:24:41,667
will never be the same.
355
00:24:49,100 --> 00:24:52,688
America is becoming the
most powerful nation on earth.
356
00:24:53,233 --> 00:24:56,154
Transformed from a
post-civil war wasteland
357
00:24:56,239 --> 00:24:57,573
into a budding superpower
358
00:25:00,497 --> 00:25:02,208
by a group of visionaries
359
00:25:02,292 --> 00:25:06,383
who battled the impossible
to build unimaginable
360
00:25:06,467 --> 00:25:10,850
empires that have brought the
country into the 20th century.
361
00:25:13,105 --> 00:25:15,024
- With all the
great entrepreneurs,
362
00:25:15,109 --> 00:25:17,070
it was a mix of
believing in an idea,
363
00:25:17,155 --> 00:25:19,324
but they also recognized
that they had to do
364
00:25:19,409 --> 00:25:21,663
some things to take that
idea and make it real.
365
00:25:30,264 --> 00:25:32,642
- NARRATOR: After decades
of doing whatever it took
366
00:25:32,728 --> 00:25:34,521
to crush the
competition,
367
00:25:35,901 --> 00:25:39,448
John D. Rockefeller is fighting
to save the company he built
368
00:25:39,532 --> 00:25:41,786
from nothing into one
of the largest
369
00:25:41,871 --> 00:25:44,458
and most dominating
corporations on the planet.
370
00:25:46,129 --> 00:25:49,176
- Big business is a
dangerous thing
371
00:25:49,260 --> 00:25:52,223
in the eyes of many because
of the power it wields.
372
00:25:54,687 --> 00:25:57,234
- JUDGE: The U.S. government
Versus Standard Oil.
373
00:25:58,237 --> 00:26:00,823
- NARRATOR: The biggest
anti-trust trial
374
00:26:00,908 --> 00:26:03,119
of all time is about to
reach a verdict.
375
00:26:05,961 --> 00:26:08,839
444 witnesses have
taken the stand,
376
00:26:09,842 --> 00:26:12,806
12,000 pages of testimony
have been recorded,
377
00:26:12,890 --> 00:26:15,644
but in the end it
all comes down
378
00:26:15,728 --> 00:26:17,564
to the testimony of one man.
379
00:26:19,194 --> 00:26:21,573
ROCKEFELLER: You
call it monopoly,
380
00:26:21,658 --> 00:26:23,285
I call it enterprise.
381
00:26:24,955 --> 00:26:26,959
- NARRATOR: John
Rockefeller has done
382
00:26:27,043 --> 00:26:29,672
all he can to keep his
monopoly intact,
383
00:26:32,554 --> 00:26:35,559
but the fate of Standard
Oil is out of his control.
384
00:26:39,318 --> 00:26:42,405
JUDGE: In the case of the
United States against
385
00:26:42,490 --> 00:26:45,287
the Standard Oil Company,
this hearing
386
00:26:45,371 --> 00:26:47,166
has reached a decision.
387
00:26:50,423 --> 00:26:54,346
This court determines
against the Standard Oil Trust
388
00:26:54,430 --> 00:26:58,438
on account of its
unreasonable business practices,
389
00:26:58,522 --> 00:27:02,737
which are in violation of
the Sherman Anti-Trust Act.
390
00:27:03,616 --> 00:27:04,992
The Standard Oil Trust
391
00:27:07,539 --> 00:27:09,668
must be broken
up within six months.
392
00:27:10,462 --> 00:27:13,675
- (gavel bangs)
- (people murmuring)
393
00:27:20,690 --> 00:27:22,902
- (people talking)
394
00:27:28,873 --> 00:27:31,628
- REPORTER: Is this the
end of Standard Oil?
395
00:27:35,679 --> 00:27:37,765
- NARRATOR: John
Rockefeller's Standard Oil
396
00:27:37,850 --> 00:27:39,727
is completely dismantled,
397
00:27:42,234 --> 00:27:45,071
broken up
into 34 smaller companies.
398
00:27:46,284 --> 00:27:49,037
The age of the
monopoly is over.
399
00:27:56,052 --> 00:27:58,515
The takedown of Standard
Oil bodes well
400
00:27:58,600 --> 00:28:01,770
for the rising guard of a new
generation of businessman--
401
00:28:03,902 --> 00:28:05,862
most of all Henry Ford.
402
00:28:09,579 --> 00:28:11,916
Ford awaits the
future of his company.
403
00:28:12,961 --> 00:28:15,798
After the powerful
auto Cartel, ALAM,
404
00:28:15,883 --> 00:28:18,012
charged him with breaching
their patent
405
00:28:18,096 --> 00:28:21,894
on the automobile and tried
to shut him down.
406
00:28:24,692 --> 00:28:27,322
It's a potentially
life-changing moment
407
00:28:27,990 --> 00:28:31,037
not just for Ford,
but for the future
408
00:28:31,121 --> 00:28:32,959
of every industry
in the country.
409
00:28:36,757 --> 00:28:40,138
In a surprise decision,
the court rules
410
00:28:40,223 --> 00:28:42,059
in favor of Henry Ford.
411
00:28:45,567 --> 00:28:48,948
ALAM has no legal claim
to the design of the car.
412
00:28:51,704 --> 00:28:56,212
Henry Ford is free to innovate
without repercussion.
413
00:28:56,715 --> 00:28:58,133
- Well, guys, that was it.
414
00:28:58,217 --> 00:28:59,719
Let's go sell some cars.
415
00:29:02,350 --> 00:29:05,230
- NARRATOR: Ford's
dream is made a reality.
416
00:29:05,315 --> 00:29:07,610
The car belongs
to everyone.
417
00:29:09,281 --> 00:29:12,453
- Ford's success put him
forward in American life
418
00:29:12,537 --> 00:29:15,917
as a new kind of
businessman but,
419
00:29:16,002 --> 00:29:20,009
in crucial ways, unlike
Rockefeller or Carnegie
420
00:29:20,093 --> 00:29:23,057
he wasn't trying to
gain a monopoly.
421
00:29:23,141 --> 00:29:25,854
He was trying to bring
a product to the people.
422
00:29:25,938 --> 00:29:28,567
The American population
ate this up and they made
423
00:29:28,652 --> 00:29:30,906
Henry Ford a kind
of folk hero.
424
00:29:33,412 --> 00:29:35,999
- NARRATOR: Ford seizes
the momentum
425
00:29:36,084 --> 00:29:38,672
and his factories go
into overdrive.
426
00:29:39,548 --> 00:29:42,095
His assembly lines starts
producing a revolutionary
427
00:29:42,179 --> 00:29:43,764
new car at a record rate.
428
00:29:44,767 --> 00:29:50,194
It's called the Model T
and it costs only $825.
429
00:29:51,865 --> 00:29:56,206
For the first time, a car
the common man can afford.
430
00:29:59,755 --> 00:30:03,136
- Henry Ford created what
became the most important
431
00:30:03,220 --> 00:30:05,391
industry in the
American economy.
432
00:30:06,144 --> 00:30:09,232
He had no idea of the
enormous impact it would
433
00:30:09,316 --> 00:30:11,861
have on almost every
sector ofAmerican life.
434
00:30:13,658 --> 00:30:17,748
He literally changed
America, the way we live,
435
00:30:17,832 --> 00:30:22,258
the way we do things, and the
way we go about our business.
436
00:30:24,137 --> 00:30:27,267
Ford's reputation won't
always be so positive,
437
00:30:28,730 --> 00:30:31,609
but his revolution
inspires an entire generation
438
00:30:31,693 --> 00:30:33,906
of visionaries
who will transform
439
00:30:33,990 --> 00:30:35,825
the fabric ofAmerican life.
440
00:30:38,582 --> 00:30:42,004
Childhood friends William
Harley and Arthur Davidson
441
00:30:42,088 --> 00:30:45,512
attach an engine to a
bicycle and begin selling
442
00:30:45,596 --> 00:30:47,349
motorcycles to the masses.
443
00:30:50,563 --> 00:30:53,402
Milton Hershey applies
Henry Ford's assembly line
444
00:30:53,487 --> 00:30:56,325
model to the mass
production of chocolate.
445
00:30:59,582 --> 00:31:01,669
Chicago merchant,
William Wrigley
446
00:31:01,753 --> 00:31:03,923
takes his chewing
gum national
447
00:31:07,098 --> 00:31:08,473
and in Hollywood,
448
00:31:08,558 --> 00:31:10,727
Polish immigrant,
Max Factor,
449
00:31:10,812 --> 00:31:13,733
begins distributing
cosmetics for movie stars
450
00:31:13,818 --> 00:31:16,740
to drug stores across
the country inventing
451
00:31:16,825 --> 00:31:20,205
a completely new consumer
product--make-up.
452
00:31:21,834 --> 00:31:24,631
This new breed of
businessman is doing
453
00:31:24,716 --> 00:31:26,217
things a different way.
454
00:31:28,681 --> 00:31:30,852
They're creating
products for the masses,
455
00:31:32,062 --> 00:31:34,859
while paying their
employees a livable wage.
456
00:31:36,196 --> 00:31:38,198
With safe working
conditions
457
00:31:38,284 --> 00:31:40,746
and a standard
40-hour work week.
458
00:31:43,376 --> 00:31:46,925
The era of Rockefeller,
Carnegie and Morgan looks
459
00:31:47,009 --> 00:31:48,845
like it may have
come to an end.
460
00:31:51,936 --> 00:31:54,649
But America's three
most powerful men
461
00:31:54,733 --> 00:31:56,945
are just as relevant
as ever before.
462
00:32:08,217 --> 00:32:10,179
Standard Oil gasoline
stations
463
00:32:10,263 --> 00:32:14,312
appear across the country
fueling Henry Ford's cars,
464
00:32:20,534 --> 00:32:22,954
cars that are built
using Carnegie's steel
465
00:32:25,042 --> 00:32:27,964
in factories powered by
J.P. Morgan's electricity.
466
00:32:31,471 --> 00:32:33,559
The new breed of
businessman may be doing
467
00:32:33,643 --> 00:32:35,896
things different from
their predecessors
468
00:32:35,981 --> 00:32:38,693
but their innovations wouldn't
be possible without
469
00:32:38,777 --> 00:32:42,994
the groundwork laid by men
like Cornelius Vanderbilt,
470
00:32:44,457 --> 00:32:46,960
Andrew Carnegie,
J.P. Morgan
471
00:32:48,630 --> 00:32:50,550
and John D. Rockefeller.
472
00:32:53,182 --> 00:32:55,978
The result is broad
prosperity shared
473
00:32:56,063 --> 00:32:59,485
throughout the country and
perhaps America's greatest
474
00:32:59,569 --> 00:33:04,161
innovation yet, a thriving
and prosperous middle class.
475
00:33:07,752 --> 00:33:10,757
- The Industrial
Revolution created
476
00:33:10,842 --> 00:33:12,845
the development of
the middle class.
477
00:33:14,766 --> 00:33:18,105
It created wealth
that we never
478
00:33:18,189 --> 00:33:20,275
would've imagined
possible before.
479
00:33:24,953 --> 00:33:26,539
- NARRATOR:
John Rockefeller
480
00:33:26,623 --> 00:33:28,376
may have lost his court case,
481
00:33:31,841 --> 00:33:35,055
but the smaller companies
created from Standard Oil
482
00:33:35,140 --> 00:33:36,433
will go on to become
483
00:33:36,518 --> 00:33:39,814
corporate giants with
names like Exxon,
484
00:33:39,898 --> 00:33:41,526
Mobil and Chevron
485
00:33:43,364 --> 00:33:44,658
and John Rockefeller
486
00:33:44,742 --> 00:33:46,870
is a shareholder in
each new company.
487
00:33:48,457 --> 00:33:50,043
- It's ironic, isn't it?
488
00:33:50,128 --> 00:33:53,258
I mean, it's a great
moment in American history
489
00:33:53,342 --> 00:33:55,429
and it established
the principle
490
00:33:55,513 --> 00:33:58,518
that monopolistic practices
should not be for the future
491
00:33:58,603 --> 00:34:00,522
and that
sounds really good.
492
00:34:00,607 --> 00:34:02,568
Except now they
were all separate
493
00:34:02,652 --> 00:34:06,159
and my great grandfather had
large amounts of stock
494
00:34:06,243 --> 00:34:07,118
in every one of them.
495
00:34:07,203 --> 00:34:09,456
He made more money than
he ever made in his life.
496
00:34:11,002 --> 00:34:13,215
The effect on
John D. Rockefeller
497
00:34:13,299 --> 00:34:15,719
was absolutely
blissful from his point of view.
498
00:34:17,765 --> 00:34:19,100
- NARRATOR:
Even in defeat,
499
00:34:19,185 --> 00:34:21,898
John Rockefeller becomes
the richest man in the history
500
00:34:21,982 --> 00:34:24,402
of the world with
a net worth of almost
501
00:34:24,487 --> 00:34:27,825
$660 billion dollars
in today's money.
502
00:34:32,086 --> 00:34:34,840
With the stranglehold
of the monopolies over,
503
00:34:34,925 --> 00:34:38,555
Americans now realize that
anything is possible
504
00:34:38,641 --> 00:34:40,268
as long as they
work together.
505
00:34:41,646 --> 00:34:44,359
The nation is more
powerful than ever
506
00:34:44,443 --> 00:34:46,655
and that power will
soon be needed.
507
00:35:01,144 --> 00:35:03,814
On a brisk spring morning,
two years after
508
00:35:03,898 --> 00:35:08,573
the breakup of standard oil,
John Rockefeller joins
509
00:35:08,658 --> 00:35:12,289
his old rival Andrew Carnegie
to mourn the loss
510
00:35:12,373 --> 00:35:13,876
of one of their own.
511
00:35:18,928 --> 00:35:21,807
Less than a month from
his 76TH birthday,
512
00:35:21,892 --> 00:35:23,853
J.P. Morgan dies in his sleep.
513
00:35:27,612 --> 00:35:31,118
Morgan leaves such a mark
on American finance
514
00:35:31,203 --> 00:35:33,874
that the New York Stock
Exchange shuts down,
515
00:35:35,461 --> 00:35:38,926
an honor normally reserved
for the passing of a president.
516
00:35:41,222 --> 00:35:44,812
- J.P. Morgan certainly was the
foremost name in banking
517
00:35:44,896 --> 00:35:47,150
in terms of creating
modern finance...
518
00:35:47,860 --> 00:35:52,785
and you can't have a modern
economy without a modern,
519
00:35:52,869 --> 00:35:55,125
effective
functioning banking system.
520
00:35:56,628 --> 00:36:01,553
He was as influential as
any of the Titans of that day.
521
00:36:09,487 --> 00:36:11,531
- NARRATOR: While the old
rivals once saw each other
522
00:36:11,615 --> 00:36:13,535
as cutthroat competitors
523
00:36:16,542 --> 00:36:20,132
now, in their twilight years,
the fathers of American business
524
00:36:20,216 --> 00:36:22,260
have found a mutual respect.
525
00:36:30,068 --> 00:36:31,863
For Rockefeller
and Carnegie,
526
00:36:31,947 --> 00:36:34,076
Morgan's passing is a
reminder--
527
00:36:36,248 --> 00:36:37,583
time is running short
528
00:36:39,295 --> 00:36:41,633
and the realization
triggers a new contest.
529
00:36:43,888 --> 00:36:47,017
No longer is their competition
about who makes more money,
530
00:36:49,858 --> 00:36:53,364
now the question is who
can give more away.
531
00:36:56,371 --> 00:36:58,750
- Andrew Carnegie was
the first of the big
532
00:36:58,834 --> 00:37:01,128
capitalists of this
era to be bitten by
533
00:37:01,213 --> 00:37:03,259
the philanthropy bug.
534
00:37:04,262 --> 00:37:08,394
He decided that he was
going to use his wealth
535
00:37:08,478 --> 00:37:11,607
to good purpose and he said
that a man who dies rich
536
00:37:11,694 --> 00:37:13,112
dies disgraced.
537
00:37:14,155 --> 00:37:16,535
- Andrew Carnegie was not
a very popular man
538
00:37:16,619 --> 00:37:20,835
among his millionaire friends
because he demanded
539
00:37:20,919 --> 00:37:25,010
that the millionaire has to
give away all of his money.
540
00:37:26,555 --> 00:37:29,059
- There's nothing wrong
with making a lot of money.
541
00:37:29,145 --> 00:37:32,567
Making money is fun.
I enjoy that very much.
542
00:37:32,651 --> 00:37:35,990
But I enjoy giving away
money, even more so.
543
00:37:37,369 --> 00:37:40,749
- Carnegie gives away more
than $350 million dollars
544
00:37:40,833 --> 00:37:42,837
- $67 billion, today.
545
00:37:44,716 --> 00:37:48,221
Most goes to education and his
favorite cause--libraries.
546
00:37:49,559 --> 00:37:52,773
As more than 2,500
"Carnegie libraries"
547
00:37:52,857 --> 00:37:55,862
are built in 49 states
and around the world.
548
00:37:58,535 --> 00:38:01,666
But even in this contest
Carnegie will be bested
549
00:38:01,750 --> 00:38:02,834
by his old rival.
550
00:38:05,633 --> 00:38:08,888
John Rockefeller will
outlive Carnegie by 13 years.
551
00:38:10,392 --> 00:38:13,563
That time--and his
greater worth--allows him
552
00:38:13,649 --> 00:38:16,528
to give away more money
than Carnegie Is ever able to.
553
00:38:19,952 --> 00:38:23,376
Throughout his life Rockefeller
has donated millions--
554
00:38:23,460 --> 00:38:25,547
to his church
and numerous universities.
555
00:38:31,142 --> 00:38:34,522
At the age of 73, he
creates the Rockefeller
556
00:38:34,606 --> 00:38:38,823
foundation with a personal
endowment of $100 million
557
00:38:38,907 --> 00:38:42,621
dollars--the equivalent
of 38 billion today.
558
00:38:44,711 --> 00:38:47,088
That money will go on
to advance public health
559
00:38:47,173 --> 00:38:49,259
around the world
for decades.
560
00:38:50,889 --> 00:38:54,729
- My great-grandfather, he went
full bore into philanthropy.
561
00:38:55,607 --> 00:38:59,488
Whether that was a duty under a
sort of a Baptist stricture,
562
00:38:59,572 --> 00:39:02,035
or whether it
just came pouring out of him,
563
00:39:02,119 --> 00:39:03,705
I'm just not sure.
564
00:39:04,249 --> 00:39:05,959
But it doesn't make any
difference, he did it.
565
00:39:07,379 --> 00:39:09,257
- NARRATOR: John
Rockefeller will live to be
566
00:39:09,342 --> 00:39:14,518
97 years old and gives
away more $530 million dollars
567
00:39:14,602 --> 00:39:15,938
in his lifetime.
568
00:39:16,857 --> 00:39:21,072
Gifts that, today, would
total over 100 billion.
569
00:39:21,616 --> 00:39:24,538
- I look at Carnegie, I
look at what Rockefeller did
570
00:39:24,622 --> 00:39:26,458
and I revere these
people--for the second half
571
00:39:26,543 --> 00:39:28,839
of their lives--
and they certainly are,
572
00:39:28,923 --> 00:39:33,389
they're inspirations to
people who have managed
573
00:39:33,473 --> 00:39:35,768
to be able to accumulate some
wealth and want to be able
574
00:39:35,853 --> 00:39:38,273
to say, you know what,
I now want to help others.
575
00:39:41,197 --> 00:39:42,907
- NARRATOR: As the nation
heads deeper into
576
00:39:42,992 --> 00:39:46,540
the 20TH century, millions
ofAmericans,
577
00:39:46,624 --> 00:39:49,754
for the first time ever,
are able to take part
578
00:39:49,839 --> 00:39:51,132
in the American dream,
579
00:39:51,926 --> 00:39:55,348
employed in well-paid
and safe jobs.
580
00:39:56,059 --> 00:39:59,231
Manufacturing products
they themselves can now afford.
581
00:40:00,151 --> 00:40:03,573
The country is united
with a robust economy
582
00:40:03,657 --> 00:40:06,287
that benefits not just the
rich, but everyone.
583
00:40:09,962 --> 00:40:11,797
It's the beginning of one
of the longest periods
584
00:40:11,882 --> 00:40:14,303
of prosperity America
will ever see.
585
00:40:16,725 --> 00:40:20,607
- It wasn't by accident
that the 20th century became,
586
00:40:20,691 --> 00:40:22,903
you know,
the American century.
587
00:40:22,988 --> 00:40:26,619
America made the greatest
strides in terms
588
00:40:26,703 --> 00:40:29,750
of harnessing these
new technologies.
589
00:40:29,834 --> 00:40:33,048
We simply could out
produce any other nation
590
00:40:33,132 --> 00:40:36,221
in this world by the time
the 20th century rolled around.
591
00:40:36,305 --> 00:40:39,185
And that clearly put us
in a position
592
00:40:39,269 --> 00:40:41,607
to drive the global agenda.
593
00:40:42,109 --> 00:40:44,529
It was on the back of the
Industrial Revolution.
594
00:40:46,493 --> 00:40:49,288
- NARRATOR: But as World
War I breaks out in Europe,
595
00:40:49,374 --> 00:40:51,001
the world
looks for help.
596
00:40:52,212 --> 00:40:53,881
It looks to America.
597
00:40:57,222 --> 00:41:01,187
Just 50 years removed from
the ashes of the Civil War,
598
00:41:01,272 --> 00:41:03,859
America has become
a global super power.
599
00:41:05,947 --> 00:41:09,871
By April of 1917, the
country enters the war
600
00:41:09,955 --> 00:41:13,169
sending troops,
supplies and weapons.
601
00:41:17,137 --> 00:41:20,016
Resources that will help
bring peace to the world.
602
00:41:27,406 --> 00:41:30,286
But those resources would
have never been possible
603
00:41:30,370 --> 00:41:32,917
without the contributions
of a small group
604
00:41:33,001 --> 00:41:34,336
of visionary men.
605
00:41:35,547 --> 00:41:37,675
Men who sparked
a revolution
606
00:41:37,760 --> 00:41:39,846
that forever
changed America.
607
00:41:40,892 --> 00:41:43,688
- America was transformed
608
00:41:45,067 --> 00:41:47,069
by the vision,
609
00:41:48,323 --> 00:41:52,372
the incredible hard
work and determination,
610
00:41:52,456 --> 00:41:55,753
and the willingness
to take big risks
611
00:41:55,838 --> 00:41:57,966
that these men display.
612
00:41:58,844 --> 00:42:01,515
There is also no question
that these men
613
00:42:01,599 --> 00:42:05,231
could not have done what they
did anywhere else but America,
614
00:42:05,315 --> 00:42:09,698
because this place allows
more people to dream
615
00:42:09,782 --> 00:42:12,077
than any other place
in the world.
616
00:42:12,162 --> 00:42:15,125
All that matters is how
big do you want to dream
617
00:42:15,209 --> 00:42:16,879
and how hard do
you want to work?
618
00:42:23,184 --> 00:42:26,648
- NARRATOR: From a broken
country into the most powerful
619
00:42:26,733 --> 00:42:29,821
nation on Earth,
they didn't discover
620
00:42:29,906 --> 00:42:33,411
this modern America,
they built it.
49485
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