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rianna gearing

on 29 April 2014

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Transcript of Rockefeller

John D.Rockefeller
How did Rockefeller make his money?

Rockefeller was co-founder of Standard Oil Company
How did Rockefeller treat his workers?
How large was Rockefeller at his largest point?
Captain of Industry or Robber Barons?
Baron-American capitalist who acquired a fortune in the late 19th century by using exploitative practices
What was Rockefeller' s philosophy on wealth?
Gain, Save, Give
By: Rianna Gearing, 6B
July 8, 1839 Richford, New York-May 23, 1937 The Casements, Ormond Beach, Florida
By: Rianna Gearing
Standard Oil Company is an oil refinery business
He made lots of many taking over small oil companies
Considered world's richest man in history, first American man to be worth over a billion dollars
United States' GDP had never reached as high as Rockefeller' s had done, even Bill Gates and Sam Walton had not come even close to Rockefeller' s GDP
Rockefeller was a Robber Barons in my opinion because he used exploitative practices to get money and some of them are: monopoly, raising secret investment pools, undercutting competition, making secret deals, forcing discount oil shipments, and threatening there competition just to name a few
Overall Rockefeller treated his workers fairly well, but of course as in most people his workers deserved a bit more money considering the huge amounts Rockefeller received but overall his employees received more than Carnegie's and the wages Rockefeller' s workers got was enough to live off of at that time
Rockefeller' s personal wealth jumped to nine hundred million dollars and accumulated to about one point five billion dollars and by the time of his death he had one point billion dollars and in GDP it was ninety-two billion dollars
"The growth of a large business is merely a survival of the fittest"
"The underlying, essential element of success in business is to follow the established laws of high-class dealing."
Full transcript