John D. Rockefeller
John D. Rockefeller
John D Rockefeller, an American Industrialist and Philanthropist, was known for many things. At the young age of 19 he started his own company and later he founded the Standard Oil Company and the Rockefeller foundation. John Davison Rockefeller was the world’s first millionaire.
In 1859, at the age of 19, he started his first company with a young Englishman. The company name was Clark and Rockefeller. The first year alone, the company grossed four hundred fifty thousand dollars. Rockefeller controlled the office management, bookkeeping, and relationships with the banks for the company, while Clark did the field work. During the Civil War, the business expanded rapidly. Grain prices went up as well as their commissions. Most of their selling was done on commission. Rockefeller was very precise and calculated, and took no risks from price fluctuations. He was not a gambler, but a planner. He refused to make advances or loans to anyone. By the early 1860’s, Rockefeller realized the future of the commission merchant business in Cleveland was going to be …show more content…
They helped to establish high schools throughout the South by providing free advice. Rockefeller donated $50,000,000 to the Board to raise academic salaries. The total of lifetime philanthropies has been estimated at about $550 million. They later grew so large; his fortune reaches an estimated $900 million by 1913. It was so much that he had to develop a staff of specialists to help him out. In 1913, he chartered the Rockefeller Foundation to promote the well-being of mankind all over the world.
In conclusion, I think that we can all learn from John D. Rockefeller. He clearly was an unselfish person and didn’t mind helping anybody. He was willing to help people in need and to donate his hard earned money to make other Universities grow to help provide learning for
John D Rockefeller, an American Industrialist and Philanthropist, was known for many things. At the young age of 19 he started his own company and later he founded the Standard Oil Company and the Rockefeller foundation. John Davison Rockefeller was the world’s first millionaire.
In 1859, at the age of 19, he started his first company with a young Englishman. The company name was Clark and Rockefeller. The first year alone, the company grossed four hundred fifty thousand dollars. Rockefeller controlled the office management, bookkeeping, and relationships with the banks for the company, while Clark did the field work. During the Civil War, the business expanded rapidly. Grain prices went up as well as their commissions. Most of their selling was done on commission. Rockefeller was very precise and calculated, and took no risks from price fluctuations. He was not a gambler, but a planner. He refused to make advances or loans to anyone. By the early 1860’s, Rockefeller realized the future of the commission merchant business in Cleveland was going to be …show more content…
They helped to establish high schools throughout the South by providing free advice. Rockefeller donated $50,000,000 to the Board to raise academic salaries. The total of lifetime philanthropies has been estimated at about $550 million. They later grew so large; his fortune reaches an estimated $900 million by 1913. It was so much that he had to develop a staff of specialists to help him out. In 1913, he chartered the Rockefeller Foundation to promote the well-being of mankind all over the world.
In conclusion, I think that we can all learn from John D. Rockefeller. He clearly was an unselfish person and didn’t mind helping anybody. He was willing to help people in need and to donate his hard earned money to make other Universities grow to help provide learning for