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Oct 13, 2013 · John Davison Rockefeller was a Christian, an industrialist and a great philanthropist who founded, among other institutions, the University of Chicago and The Rockefeller Institute for Medical Research (now known as Rockefeller University) in New York City.
John D. Rockefeller, American industrialist and philanthropist, founder of the Standard Oil Company, which dominated the oil industry and was the first great U.S. business trust. Learn more about Standard Oil’s reorganization in the face of antitrust actions and about Rockefeller’s philanthropy.
John Davison Rockefeller Sr. (July 8, 1839 – May 23, 1937) was an American business magnate and philanthropist. He was one of the wealthiest Americans of all time [1] [2] [3] [4] and one of the richest people in modern history.
In these first years of large-scale philanthropy, Rockefeller favored a few causes close to his heart. He was the single-most generous donor to the northern Baptist conventions, and he underwrote the work of missionaries and relief workers at home and abroad.
- Co-founded Standard Oil Company. John D. Rockefeller, along with his business partners, including his brother William Rockefeller and several others, co-founded the Standard Oil Company in 1870.
- Implemented vertical integration in the oil industry. One of Rockefeller’s most significant contributions to the oil industry was the implementation of vertical integration.
- Established the Rockefeller Foundation for philanthropy. In 1913, John D. Rockefeller established the Rockefeller Foundation, marking a turning point in his life and legacy.
- Faced the breakup of Standard Oil due to antitrust laws. John D. Rockefeller’s dominance in the oil industry and Standard Oil’s monopolistic practices drew the attention of regulators and led to a significant legal challenge.
Apr 9, 2010 · John D. Rockefeller (1839-1937), founder of the Standard Oil Company, became one of the world’s wealthiest men and a major philanthropist. Born into modest circumstances in upstate New York,...
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His philanthropy grew out of his early family training, religious convictions, and financial habits. During the 1850s, he made regular contributions to the Baptist church, and by the time he was 21, he was supporting other denominations along with religious institutions and African-American education.
