00:00 - 09:09
9m 9s
John Rockefeller meets with Vanderbilt to make a deal in order to save his oil refining company, which was on the verge of bankruptcy. On his way to meet Vanderbilt, Rockefeller missed a train that crashed a fatal accident. With his life saved by fate, Rockefeller believed he was spared by God, and was destined to become successful. Rockefeller eventually met Vanderbilt and they negotiated a deal where Rockefeller would fill Vanderbilt's trains with oil, while Vanderbilt would buy oil from Rockefeller. Rockefeller knew he could not produce enough oil for his end of the deal, but he accepts it anyway, knowing the great opportunity presented before him.
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The speakers describe an event that led to the Gilded Age, how Cornelius Vanderbilt created a successful railroad empire. He eliminated the competition by preventing goods from reaching other parts of the country and flooding the markets. Railroads eventally became essential in America's growth. The narrator then describes the creation of Grand Central Station.
The narrator describes how Rockefeller became successful from his past deal with Vanderbilt and how he made a deal with Tom Scott, which resulted in being a far better deal than the one with Vanderbilt. Rockefeller gained control of standard oil, and his profit enabled him to buy out his competitors, gaining a monopoly on standard oil.
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