The Monopoly of John D. Rockefeller

The Monopoly of John D. Rockefeller

Introduction

The Start Up

John D. Rockefeller was one of America's first entrepreneurs/philanthropists along with many others. This started the rise of "the big business" or giant corporate companies who rule the markets. He started investing in the oil industry by buying out stock in a Cleveland, Ohio refinery.

In 1865 Rockefeller started growing his oil business called Standard Oil. However, to do this he had to borrow money from some of his partners to gain control of the business before anything else. Rockefeller slowly started buying out all of his competitors companies until he was the leader in oil production.

The Legacy

Moving Up

http://www.history.com/topics/john-d-rockefeller

http://www.philanthropyroundtable.org/topic/excellence_in_philanthropy/the_rockefeller_legacy

As stated previously, John D Rockefeller died at 97 years old, however his goal was to reach 100. He will always be remembered when people are learning about finance or economics in school or anywhere else. Rockefeller basically started the rise of giant corporate companies and showed how anyone can really start out low in life and end up high.

http://www.pbs.org/wgbh/americanexperience/features/biography/rockefellers-john/

As an adult he moved on from his job that he had when he was only a mere 16 years old to join the standard oil company. He bought the company with some help from his friends right when the company was the biggest oil refinery in all of Cleveland. Soon this one, small oil refinery would make Rockefeller millions and millions of dollars and one of the richest men in America.

http://www.encyclopedia.com/topic/Standard_Oil_Company.aspx

Childhood

Thanks For Watching

Even as a kid Rockefeller started out as a philanthropist by taking on many jobs and opportunities. Some of the opportunities included raising turkeys, selling candy and doing various jobs for neighbors. This shows how his philanthropy developed at a young age.

The Company

Standard Oil was John D. Rockefeller's greatest business it made him the America's first billionaire. It started off as just a small business, but it grew to be so big due to Rockefeller using vertical and horizontal interrogation. Once all of his competitors in the U.S.A were owned by him he started buying his worldwide competitors out.

http://www.thefamouspeople.com/profiles/john-d-rockefeller-172.php

Early Work

Later Years

http://www.biography.com/people/john-d-rockefeller-20710159

http://www2.lhric.org/pocantico/rockefeller/events.htm

In 1855, when Rockefeller was about 16 years old, he got a job as an office clerk for a Cleveland commission firm that bought and sold grain, coal and other goods. Later, sometime in 1895 Rockefeller started his own commission firm with a partner and during that same year America's first oil well was drilled in Pennsylvania. Rockefeller will soon start moving up in the world of work force and have people working for him instead of him working for a person.

Rockefeller's plan was to live until he was around 100 years old, however this goal was cut short when he sadly died at the age of 97. He died at his Winter home in Ormond Beach, Florida. Rockefeller was then buried at Lake View Cemetery in Cleveland Ohio. His accomplishments were amazing and what he did while he was alive was an utter astonishment.

http://www.britannica.com/topic/Standard-Oil-Company-and-Trust?scrlybrkr