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John D Rockefeller Prezi: Captain of Industry or Robber Baron?
Transcript of John D Rockefeller Prezi: Captain of Industry or Robber Baron?
John Davison Rockefeller, is known for being one of the richest men on the planet. His fortune was worth over $300,000,000,000 when he died in 1937. Most people who were "close" to having a 10th of his money were mostly robber barons. Rockefeller was considered a "Captain of Industry" because he founded the Standard Oil Company and became a philanthropist, who donated over $500,000,000 to charities, universities, and churches.
Rockefeller worked at his "first" job (according to the History Channel) as an office clerk when he was 16 years old. He became a businessman. In 1859, Rockefeller and his partners established the Standard Oil Company. He borrowed money from his partners to buy out some of his competitors.
Innovation & Industry:
Rockefeller owned the entire oil industry at that time. Standard Oil Company sold oil for cheap prices to lose his competitors. His growing company created jobs for people to work in his factories. Rockefeller also bought out all other oil industries at the time, which allowed his company to reach a horizontal integration or monopoly.
According to ushistory.org, Rockefeller was given angry "reviews" because he paid his workers low wages, which made them want to stop working for him. The Rockefeller family always had problems with their laborers.
Rockefeller had donated more than $500,000,000 to various educational and religious charities for philanthropic causes. Rockefeller also founded the University of Rockefeller Institute, and funded the University of Chicago, which is one of the top 10 schools in the United States.
Today, John D. Rockefeller is worth $340,000,000,000. He is the third richest man to ever live.
John D. Rockefeller was the first U.S. born billionaire.
"John D. Rockefeller." History.com. A&E Television Networks. Web. 22 Nov. 2014. <http://www.history.com/topics/john-d-rockefeller>.
"The New Tycoons: John D. Rockefeller." Ushistory.org. Independence Hall Association. Web. 21 Nov. 2014. <http://www.ushistory.org/us/36b.asp>.
Bio.com. A&E Networks Television. Web. 24 Nov. 2014. <http://www.biography.com/people/john-d-rockefeller-20710159#standard-oil>.
"American Experience: TV's Most-watched History Series." PBS. PBS. Web. 22 Nov. 2014. <http://www.pbs.org/wgbh/americanexperience/features/biography/rockefellers-john/>.
Rockefeller did not drink or smoke during his lifetime.
"The 9 Most Amazing Facts about John D. Rockefeller." Petro Global News. Web. 24 Nov. 2014. <http://petroglobalnews.com/2013/10/the-9-most-amazing-facts-about-john-d-rockefeller/>.
"10 Richest People Who Have Ever Lived." TheRichest The Worlds Most Entertaining Site 10 Richest People Who Have Ever Lived Comments. Web. 24 Nov. 2014. <http://www.therichest.com/rich-list/world/10-richest-people-who-have-ever-lived/>.
Bio.com. A&E Networks Television. Web. 24 Nov. 2014. <http://www.biography.com/people/john-d-rockefeller-20710159#synopsis>.