An introduction to john davison rockefeller the founder of the standard oil company

JDR was born the second of six children in

An introduction to john davison rockefeller the founder of the standard oil company

He had an elder sister named Lucy and four younger siblings; William Jr. His father was of English and German descent, while his mother was of Scots-Irish descent.

Pre-Standard Oil career

Bill was first a lumberman and then a traveling salesman who identified himself as a "botanic physician" who sold elixirs. The locals referred to the mysterious but fun-loving man as "Big Bill" and "Devil Bill. Throughout his life, Bill was notorious for shady schemes. Between John and William Jr.

She also put up with his philandering and his double life, which included bigamy. Bill once bragged, "I cheat my boys every chance I get. His contemporaries described him as reserved, earnest, religious, methodical, and discreet. He was an excellent debater and expressed himself precisely.

He also had a deep love of music and dreamed of it as a possible career. Rockefeller went steadily ahead in business from there, making money each year of his career. He gave money to the Union cause, as did many rich Northerners who avoided combat.

Rockefeller was an abolitionist who voted for President Abraham Lincoln and supported the then-new Republican Party. Most failed, but those who struck oil did not even need to be efficient. They would blow holes in the ground and gather up the oil as they could, often leading to creeks and rivers flowing with wasted oil in the place of water.

The commercial oil business was then in its infancy. Whale oil had become too expensive for the masses, and a cheaper, general-purpose lighting fuel was needed. Tar was used for paving, naphtha shipped to gas plants.

Rockefeller said, "It was the day that determined my career. He borrowed heavily, reinvested profits, adapted rapidly to changing markets, and fielded observers to track the quickly expanding industry.

InHenry M. Standard Oil Founding and early growth John D. By there was triple the kerosene refining capacity than needed to supply the market, and the capacity remained in excess for many years.

Continuing to apply his work ethic and efficiency, Rockefeller quickly expanded the company to be the most profitable refiner in Ohio.

Likewise, it became one of the largest shippers of oil and kerosene in the country. The railroads competed fiercely for traffic and, in an attempt to create a cartel to control freight rates, formed the South Improvement Company offering special deals to bulk customers like Standard Oil, outside the main oil centers.

Rogersled the opposition to this plan, and railroads soon backed off. Beforeoil light was only for the wealthy, provided by expensive whale oil.

An introduction to john davison rockefeller the founder of the standard oil company

During the next decade, kerosene became commonly available to the working and middle classes. In less than four months inin what was later known as "The Cleveland Conquest" or "The Cleveland Massacre," Standard Oil absorbed 22 of its 26 Cleveland competitors.

For many of his competitors, Rockefeller had merely to show them his books so they could see what they were up against and then make them a decent offer.

If they refused his offer, he told them he would run them into bankruptcy and then cheaply buy up their assets at auction.Rockefeller was an American industrialist who revolutionized the petroleum industry and defined the structure of modern philanthropy In , he founded the Standard Oil Company and aggressively ran it until he officially retired in /5(2).

Founder and former chairman of the Standard Oil Company; Founder of the University of Chicago and Rockefeller University; John Davison Rockefeller Sr. (July 8, Analysis of the company's operations by John D. Rockefeller, Jr. showed a need for substantially more funds which were provided in exchange for acquisition of CF&I's.

Rockefeller’s company, Standard Oil, helped America explode as an industrial superpower on the world stage and, in the process, allowed Rockefeller to amass . John D.

An introduction to john davison rockefeller the founder of the standard oil company

Rockefeller was the head of the Standard Oil Company and one of the world's richest men. He used his fortune to fund ongoing philanthropic causes.

John D. Rockefeller - Biographical - The Rockefeller Foundation: A Digital History

American industrialist John D. - Rockefeller John Davison Rockefeller, a U.S industrialist was the founder of the infamous Standard Oil Company, through which he dominated the U.S oil industry in the late 19th century and early 20th century and created the first major business trust in the United States of America.

Horoscope and natal chart of John D. Rockefeller, born on /07/ you will find in this page an excerpt of the astrological portrait and the interpration of .

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