John D Rockefeller Essay

Topics: Standard Oil, John D. Rockefeller, South Improvement Company Pages: 4 (1457 words) Published: December 17, 2014
John D. Rockefeller

Who is John D. Rockefeller? John D. Rockefeller is one of the country’s first industrialists. His success made him the world’s wealthiest men in history and the richest man who ever lived. In addition, Rockefeller was distinguished as a great philanthropy. Rockefeller’s mindset was all in American industry and philanthropy since the nineteenth century. His ambition rose him to the top. Rockefeller is known for one of America's leading businessmen, and crediting to help shape the nation into what it is today. His first real start in business was at age twenty in 1859. Rockefeller and his partner, Clark, opened their own brokerage that traded produce and they even petroleum products, too. Cleveland was the perfect place to sell petroleum because with its closeness to the Pennsylvania oil fields and with the best transportation network, it quickly became the center of petroleum refining. In 1863, Rockefeller and partners finally opened their own refinery in 1863 by investing in a Ohio refinery. He bought his first refineries in Cleveland and ran it with efficiency that he was soon able to buy up competitors. Rockefeller easily grew his way up to the top. He dominated the petroleum industry by the time he was forty-years-old. In 1870, Henry Flagler, a friend who helped him with his business convinced Rockefeller to change the partnership of Rockefeller, Andrews, and Flagler into a corporation named Standard Oil. Standard Oil Company was formed by Rockefeller, his younger brother William, Henry Flagler, and a group of other men. Except, John D. Rockefeller was the “top dog” which means he was the president and he also became the shareholder of the company. Over the next years,...
Continue Reading

Please join StudyMode to read the full document

You May Also Find These Documents Helpful

  • John Davison Rockefeller Essay
  • John D. Rockefeller First Million Essay
  • Dbq Essay
  • John D. Rockefeller Essay
  • Essay about Titan: the Life of John D. Rockefeller
  • Wealth Views of Carnegie, Bellamy, and Rockefeller/Comparisons & Contrasts Research Paper
  • John D. Rockefeller Essay
  • John D. Rockefeller Essay

Become a StudyMode Member

Sign Up - It's Free