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Standard Oil's prehistory began in 1863, as an Ohio partnership formed by industrialist John D. Rockefeller, his brother William Rockefeller, Henry Flagler, chemist Samuel Andrews, silent partner Stephen V. Harkness, and Oliver Burr Jennings, who had married the sister of William Rockefeller's wife.
May 29, 2018 · By 1878 Rockefeller and partner Henry Flagler (1830 – 1913) had consolidated most of the oil refining in the nation, and Rockefeller became one of the five wealthiest men in the country.
By 1870, the firm of Rockefeller, Andrews, and Flagler was, thanks to Rockefeller’s vision, a super-efficient refining machine, generating more than fifteen hundred barrels a day 38 — more than most refineries could produce in a week — at lower cost than anyone else. And in that year, the firm became the Standard Oil Company of Ohio — a ...
By 1870, the firm of Rockefeller, Andrews, and Flagler was, thanks to Rockefeller’s vision, a super-efficient refining machine, generating more than fifteen hundred barrels a day—more than ...
Oct 10, 2024 · Standard Oil, U.S. company and corporate trust that from 1870 to 1911 was the industrial empire of John D. Rockefeller and associates, controlling almost all oil production, processing, marketing, and transportation in the United States. It originated in Cleveland, Ohio.
Apr 23, 2023 · In 1867, Rockefeller needed capital for his new oil business and approached Flagler, who was then made a partner in the newly formed Rockefeller, Andrews & Flagler partnership. Stephen V. Harkness, Flagler's stepbrother, invested $100,000 (equivalent to $1.94 million in 2021) on the condition that Flagler be made a partner.
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Henry M. Flagler (1830-1913), the ambitious Gilded Age tycoon who designed and built much of Florida's fashionable east coast, rode to success on the rails. As John D. Rockefeller's closest adviser in the 1870s, Flagler helped assemble the Standard Oil empire.
