The life charity work and monopoly of john davison rockefeller

He had an elder sister named Lucy and four younger siblings; William Jr.

The life charity work and monopoly of john davison rockefeller

Rockefeller was born on July 8,in Richford, N. His father owned farm property and traded in many goods, including lumber and patent medicines.

The life charity work and monopoly of john davison rockefeller

His mother, a straitlaced puritanical woman, brought up her large family very strictly. The family moved west by degrees, reaching Cleveland, Ohio, inwhen it was beginning to grow into a city. John graduated from high school there and after three months of commercial college found his first job at the age of sixteen clerking in a produce commission house.

Inwhen he was nineteen, he started his first company with a young Englishman: Clark did the fieldwork; Rockefeller controlled office management, bookkeeping, and relationships with bankers.

Early Businesses From the start Rockefeller revealed a genius for organization and method. The firm prospered during the Civil War. With the Pennsylvania oil strike and the building of a railroad to Cleveland, they branched out into oil refining with Samuel Andrews, who had technical knowledge of the field.

Within two years Rockefeller became senior partner; Clark was bought out, and the firm Rockefeller and Andrews became Cleveland's largest refinery. A second refinery, the Standard Works, was opened in by another firm established by Rockefeller in his brother William's name; and a sales office was opened in New York City in With financial help from S.

Harkness and from a new partner, H. Flagler, who also secured favorable railroad freight rebates, Rockefeller survived the bitter competition in the oil industry. Standard Oil controlled one-tenth of American refining, but competitive chaos remained.

Rockefeller, the Oil Refiner

The chief bottleneck was the transporting of the oil. Out of this situation came the controversial South Improvement Company scheme of —a defensive alliance of Cleveland refiners to meet the bitter opposition of the oil producers of Pennsylvania.

The sweeping freight rebate agreements in this scheme brought public opposition, and the plan was outlawed by the Pennsylvania Legislature.

Meanwhile, a looser organization, a refiners' pool, also failed Rockefeller still hoped to impose order on the oil industry. He bought out most of the Cleveland refineries, then acquired others in New YorkPittsburgh, and Philadelphia.

He turned to new transportation methods, including the railroad tank car and the pipeline. By he was refining 90 percent of American oil, and Standard used its own tank car fleet, ships, docking facilities, barrel-making plants, draying services, depots, and warehouses.

Strict economy and planning were enforced throughout. Rockefeller came through the Panic of still urging organization on the part of the refiners. As his control approached near-monopoly, he fought a war with the Pennsylvania Railroad inwhich created a refining company to try to break Rockefeller's control, but the bloody railroad strikes that year forced them to surrender to Standard Oil.

The life charity work and monopoly of john davison rockefeller

Rockefeller's dream of order was near completion. America's First Trust Byafter winning control of the pipeline industry, Standard's monopoly was at a peak. Rockefeller created America's first great "trust" in ; since laws forbade one company's ownership of another's stock, ever since Standard had placed its acquisitions outside Ohio in the hands of Flagler as "trustee.John D.

Rockefeller was the richest man in America in his time and one of the first major tycoons. He founded the Standard Oil Company, a monopoly that was eventually dissolved.

Born on January 29, , in Cleveland, Ohio, John D. Rockefeller Jr. was a prominent American philanthropist and heir to the family fortune created by father John D. Rockefeller Sr., founder of Born: Jan 29, Childhood John Davison Rockefeller was born on July 8, , in Richford, New York, the second of six children.

His father owned farm property and traded in many Died: May 23, Born John Davison Rockefeller on July 8, in Richford, New York, John. D. Rockefeller was an American industrialist, entrepreneur, and CEO. When he was 14, his family moved from New York to Cleveland, Ohio, and as a teenager, he began several small-business ventures.

John Davison Rockefeller (), American industrialist and philanthropist, founded the Standard Oil Company, the University of Chicago, and the Rockefeller Foundation.

John D. Rockefeller was born on July 8, , in Richford, N.Y. John D. Rockefeller (July 8, - May 23, ) still ranks as one of the richest men in modern times. Rockefeller is one of the great figures of Wall Street – reviled as a villain, applauded.

John Davison Rockefeller |