John D Rockefeller Biography

John D. Rockefeller was the founder of the Standard Oil Company, and he became once of the richest men and a philanthropist. He was luckily born into some great circumstances of oil business in 1863 by investing in a refinery. In the 1870’s Rockefeller than came up with the functions of the Standard Oil, this helped him climb to the top taking over about 90% of the U.S. refineries and pipelines. There were many thoughts going around about Rockefeller, he was being accused of doing some not so morally right activates. They thought that he was greedy with the pricing and colluding with railroads to get rid of his competitors in the market. In 1911, the U.S. Supreme Court found a Standard Oil violation with the anti-trust laws and wanted it to
The steamboats operated between the cities of New Jersey and New York. The ferry job helped give Vanderbilt a better understanding of the growing steamship industry. In the late 1820’s he created his own line of business with the steamship industry by building them and operating his own ferry line, which were located all around the New York area. With a passion for the industry he became one of the top leaders, with this label though he had some wars with his other competitors. His competitors would sometimes pay him a large amount of cash to not compete with the, so it did not hurt his business. Since he was so wealthy and bringing in so much money, he bought his family a large brick home in Manhattan, in a Greenwich Village neighborhood. He has some issues moving in there the people around took a long time to get to know him due to thinking he was rough and
This service was to transport prospectors from New York to San Francisco using the Nicaragua Route. This route he created because it was faster the established route across Panama and it was a lot faster than any other alternatives. With his new line of his instant wealth he was earning more than $1 million a year. Some of the similarities in these stories is that Rockefeller and Vanderbilt are they both were the head of their industries and people were making accusations about their ethics and what their morals and values were. Another one was that they were very wealthy men and had their family somehow apart of their accomplishments if they were involved in the industry or if they were providing for them. Both men were lucky enough to be born into good circumstances family wise. These men were both very successful businessmen and they made a name for themselves, that’s why we are learning about what they did as young entrepreneur