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  1. Aug 12, 2019 · Rockefeller’s biographer Ron Chernow stresses: “In his business career, John D. Rockefeller was accused of many sins, but he took pride in paying his debts promptly and abiding strictly by ...

    • Rainer Zitelmann
  2. Jun 12, 2012 · Prioritize Money. Rockefeller’s methods of strict accounting were, in fact, a means by which to prioritize his spending while always finding a way to save and amass capital. It was his ability to save money, pennies at a time, even on his very humble salary in his early days as an accounting clerk, which provided him with the capital he ...

    • 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.
  3. Rockefeller was hardly the only man in the refining industry with a background in accounting or a concern with efficiency. But he was distinguished in this regard by his degree of focus on applying good accounting practices to his new business. Rockefeller, from a young age, exhibited an obsessive, laser-like concentration on whatever he chose ...

    • His Father Was A Con Artist and A Bigamist.
    • Every Year, Rockefeller Celebrated The Anniversary of Landing His First Job.
    • He Hired Substitute Soldiers to Avoid Civil War Combat.
    • Cleveland Was The First Epicenter of His Oil Empire.
    • Rockefeller Donated More Than $500 Million to Various Philanthropic Causes.
    • Spelman College Bears The Maiden Name of Rockefeller’s Wife.
    • Rockefeller Suffered from Alopecia and Lost All Hair from His Body and head.

    The tycoon’s father, William Avery Rockefeller, was a traveling snake-oil salesman who posed as a deaf-mute peddler and hawked miracle drugs and herbal remedies. The smooth-talking huckster dubbed “Devil Bill” alternately fathered children—including the future industrialist—with his wife and mistress, the couple’s live-in housekeeper. The itinerant...

    On September 26, 1855, a Cleveland merchant company, Hewitt and Tuttle, hired the teenaged John D. Rockefelleras an assistant bookkeeper. From that year forward, the corporate tycoon celebrated “job day” every September 26 to commemorate his entrance into the business world, and he considered the date more important than his birthday. “All my futur...

    Although he was a fervent abolitionist, Rockefeller did not take up arms when the Civil War broke out in 1861. While his youngest brother was wounded at Chancellorsvilleand Cedar Mountain, Rockefeller received an exemption for being the primary means of supporting his family and hired substitute soldiers in his stead, a common practice during the w...

    Shortly after the discovery of petroleum in Titusville, Pennsylvania, the 24-year-old Rockefeller entered the fledgling oil business in 1863 by investing in a Cleveland refinery. In 1870, he formed the Standard Oil Company of Ohio along with his younger brother William, Henry Flagler and additional investors. Through secret alliances with railroads...

    Raised by a pious mother, Rockefeller tithed 10 percent of his earnings to his church from his very first paycheck. After retiring from Standard Oil in 1897, he stepped up his philanthropy and donated more than half a billion dollars to educational, religious and scientific causes. In 1913, America’s first billionaire endowed the Rockefeller Founda...

    In addition to giving millions to help found the University of Chicago and Rockefeller University, the industrialist in 1882 began to donate money to the Atlanta Baptist Female Seminary. Two years later, the African American women’s school changed its name to Spelman Seminary in honor of his wife, Laura, and her parents, Harvey Buel and Lucy Henry ...

    Beginning in his 40s, Rockefeller lost all the hair from his head, his mustache and his body. The hair never grew back, and in the early 1900s the tycoon began to wear rotating wigs of various lengths to give the impression of his hair growing and being shorn.

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  4. 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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  6. Oct 19, 2016 · There was little in Rockefeller’s upbringing that would portend his meteoric rise. He was born in a clapboard house in New York in 1839. His mother was a solid, religious woman, but his father, William Avery Rockefeller, was essentially a snake oil salesman, who was gone from home for weeks and sometimes months at a time, selling his “botanical” cures and living as a secret bigamist with ...

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