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Jul 30, 2024 · 🛢️Dive into the incredible journey of John D. Rockefeller in this detailed documentary! Discover how his modest beginnings and family struggles shaped him i...
- 59 sec
- 491
- Entrepreneurial Edge
- The Standard Oil Company
- Philanthropy
- The University of Chicago
- Corporate Philanthropy
- The Rockefeller Institute For Medical Research
- The General Education Board
- Rockefeller Sanitary Commission
- The Rockefeller Foundation
- Other Rockefeller Philanthropic Support
- Family Life
JDR’s stake in the oil industry increased as the industry itself expanded, spurred by the rapidly spreading use of kerosene for lighting. In 1870 he organized The Standard Oil Company with his brother William, Andrews, Henry M. Flagler, Steven V. Harkness, and others. It had a capital of $1 million. By 1872 Standard Oil had purchased nearly all the...
JDR was 57 years old in 1896 when he decided that others should take over the daily leadership of Standard Oil. He now focused his efforts on philanthropy, giving away the bulk of his fortune in ways designed to do the most good as determined by careful study, experience, and the help of expert advisers. From the time he began earning money as a ch...
As his wealth grew in 1880s, JDR came to favor a cooperative and conditional system of giving in which he would support a project if others interested in it also provided substantial financial support. Thus he participated in the founding of the University of Chicago with the American Baptist Education Society by offering $600,000 of the first $1 m...
JDR recognized the difficulties of wisely applying great funds to human welfare, and he helped to define the method of scientific, efficient, corporate philanthropy. To help manage his philanthropy, he hired the Rev. Frederick T. Gates, whose work with the American Baptist Education Society and the University of Chicago inspired JDR’s confidence. W...
In 1901 JDR founded the Rockefeller Institute for Medical Research (now The Rockefeller University) for the purpose of discovering the causes, manner of prevention, and the cure of disease. A few of the noted achievements of its scientists are the serum treatment of spinal meningitis and of pneumonia; knowledge of the cause and manner of infection ...
In 1902 JDR established the General Education Board (GEB) for the “promotion of education within the United States without the distinction of race, sex or creed.” Between 1902 and 1965, the GEB distributed $325 million to improve education at all levels, with emphasis upon higher education, including medical schools. In the south, where there was s...
In 1909 JDR combined his special interest in the U.S. south with his interest in public health to create the Rockefeller Sanitary Commission for the Eradication of Hookworm Disease. Its purposse was to fund a cooperative movement to cure and prevent hookworm disease, which was especially devastating in the southern states. The commission launched a...
In 1913 JDR established the Rockefeller Foundation to “promote the well-being of mankind throughout the world.” In keeping with this broad commitment, the foundation has given important global assistance to public health, medical education, improved food production, scientific advancement, social research, and the arts. The foundation’s Internation...
In addition to creating several corporate philanthropies, JDR continued to make personal donations to the following: theological schools; the Palisades Interstate Park Commission; victims of the 1906 San Francisco earthquake; the Anti-Saloon League; Baptist missionary organizations; various YMCAs and YWCAs; parks in Cleveland; and colleges and univ...
John D. Rockefeller married Laura C. Spelman, a teacher, on September 8, 1864, in Cleveland. They had five children: Bessie, Alice, Alta, Edith, and John Jr., who inherited much of the family fortune and continued his father’s philanthropic work. In the 1870s, JDR began to make business trips to New York, and soon he started bringing his family for...
Rockefeller's fourth main philanthropy, the Laura Spelman Rockefeller Memorial Foundation, was created in 1918. [132] Through this, he supported work in the social studies; this was later absorbed into the Rockefeller Foundation. In total Rockefeller donated about $530 million. [133] Rockefeller in old age
John Davison Rockefeller Jr. (January 29, 1874 – May 11, 1960) was an American financier and philanthropist. Rockefeller was the fifth child and only son of Standard Oil co-founder John D. Rockefeller. He was involved in the development of the vast office complex in Midtown Manhattan known as Rockefeller Center, making him one of the largest ...
Apr 9, 2010 · John D. Rockefeller: Early Years and Family . John Davison Rockefeller, the son of a traveling salesman, was born on July 8, 1839, in Richford, New York.Industrious even as a boy, the future oil ...
ROCKEFELLER, JOHN D. ROCKEFELLER, JOHN D. (8 July 1839-23 May 1937), industrialist and philanthropist, rose from his position as an assistant bookkeeper for a Cleveland commission merchant to become one of the wealthiest men in the U.S. through his efforts in developing the STANDARD OIL CO. Born on a farm near Richford, NY.
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Ask the Chatbot a Question Ask the Chatbot a Question John D. Rockefeller, Jr. (born January 29, 1874, Cleveland, Ohio, U.S.—died May 11, 1960, Tucson, Arizona) was an American philanthropist, the only son of John D. Rockefeller, Sr., and heir to the Rockefeller fortune, who built Rockefeller Center in New York City and was instrumental in the decision to locate the United Nations in that city.
