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Explore the complex legacy of John D. Rockefeller, America's first billionaire and the founder of Standard Oil. This video delves into Rockefeller's rise to ...
- 41 sec
- 1307
- Notorious Figures In History
Explore the ruthless business tactics of John D. Rockefeller, the infamous oil magnate who transformed the American economy. Discover how his aggressive stra...
- 56 sec
- 101
- Up North Media
The 26-year-old Rockefeller won, for a price of $72,500 (the equivalent today of about $820,000). Clark thought he had gotten a bargain—but given what Rockefeller was to accomplish in the next ...
Delve into the captivating history of Standard Oil, the oil giant of the Gilded Age led by the formidable John D. Rockefeller. Explore the rise and fall of t...
- 27 sec
- 6.3K
- Quick Bite History
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 joint-stock company, of the type used by ...
Two things about the oil industry, however, bothered Rockefeller right from the start: the appalling waste and the fluctuating prices. The overproducing of oil and the developing of new markets caused the price of oil to fluctuate wildly. In 1862, a barrel (42 gallons) of oil dropped in value from $4.00 to 35 cents.
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Jul 22, 2002 · Rockefeller bought into a small oil company, Andrews, Clark & Co., in 1863. Seven years later, and firmly under his control, it was reorganized as the Standard Oil Co. Rockefeller quickly captured the bulk of the industry through aggressive acquisitions of smaller companies, a move that finally started to balance the unpredictable market.
