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But now, J.P. Morgan is about to take business to a whole new level.
这时 J·P·摩根准备将生意推向一个新的高度
He begins looking for other ways to make money.
他开始寻找其它赚钱的方法
Building on his father's business model.
基于父亲的经营模式
He creates a tactic that's so innovative,it becomes known as "Morganization."
他创造出了一种革新型策略 后来被称作"摩根化"
"Morganization," in effect, means taking companies that were fighting each other,and managing the company in such a way that bringing them together,competition is reduced, profits are increased.
摩根化指的是将相互争斗的公司找来 让它们团结起来然后管理公司 让竞争减弱 利润提升
In other words, trying to impose order on these fiercely competitive industries.
也就是为竞争激烈的行业带来秩序
Morgan starts restructuring companies in industries across the country.
摩根开始在全国范围内重建各行业的公司
Firing workers and eliminating inefficiencies.
解雇工人 消除低下效率
While prioritizing profits over everything else.
将利润放在一切之前优先考虑
And soon, Morgan's rivals adopt the same approach.
很快 摩根的对手们也都采取了相同的做法
The private sector greed, ambition, dreamers, the stuff of entrepreneurs;
私人企业中贪婪 野心 梦想 企业家的一切
look at it too closely,you may not admire it as much as you do after the fact.
近看的话 你可能不会再像最开始那样崇敬
Carnegie and Rockefeller begin Morganizing their own companies.
卡内基和洛克菲勒开始摩根化自己的公司
Maximizing profits by slashing their workforce.
通过削减员工数量来最大化利润
Those who still have a job......are forced to work longer hours.
那些没有丢掉工作的人则被要求工作更长时间
For even less pay.
薪酬甚至还会降低
