Thought out history the world has seen many tycoons. Some of his tycoons are J. P. Morgan, Bill Gates, John D. Rockefeller and Andrew Carneige. What allowed tycoons to succeed in their business was that they tried to control business by getting rid of their competition.
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| Tycoons are persistent they never give up. Source |
Tycoons had a mind for business. Tycoons attracted talented workers by offering great pay and benefits, searched for new ideas, and how to make products cheaper. Also they would try to control business by using vertical integration. For example Carneige bought all the coal fields. Because of this tycoons were able to establish their prices which most of the times those prices go up.
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| This is the game monopoly which is based on tycoons. Source |
For these tycoons being rich was a sign from good, for them it was like if god like them better, they believed in social Darwin. Darwism is survival of he fittest. Rich people are good, poor people are bad.
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