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Robber Baron Vs. Captain of Industry.

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Robber Baron Vs. Captain of Industry.

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  • April 27, 2003
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Robber Baron

Vs.

Captain of Industry?

John D. Rockefeller was the guiding force behind the creation of the Standard Oil Company, which grew to dominate the oil industry. This company was one of the first big trusts in the United States, thus much controversy and opposition arose regarding business strategies and its organization. John D. Rockefeller was also one of the United States first major philanthropists, establishing numerous important foundations and donating close to $600 million to various charities.

An ongoing debate remains as to whether John D. Rockefeller was a "robber baron" or a "captain of industry". Rockefeller was highly criticized for his success and the means by which he attained it. Although, in actuality, he brought order to a chaotic economic system. Many of his accomplishments, strategies, developments and donations have positively altered American society and economy.

John D. Rockefeller's was a dedicated, driven young boy who learned the art of hard work and the gains of capital early in life. He continually proved to be hard working, very competitive, a skilled business strategist and forecaster and he had the ability to pick gifted associates and work with them harmoniously. Others viewed him as "industrious, even-tempered, generous and kind [man]" Throughout his life, Rockefeller remained faithful to the values of religion, hard work and family.

In 1970, The Standard Oil Company was founded by John D. Rockefeller, along with his brother William, Andrews, Henry Flagler and others. This was Rockefeller's opportunity to take control, devise and execute strategies to develop and expand the business.

Rockefeller was continuously analyzing the industry, as a whole, as well as his individual company. He despised waste and devoted considerable energy on increasing the efficiency of his refining business. "The seal for perfection of detail was from the beginning a factor in the growth of the Rockefeller's firm." He took...