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4 days ago · Terms in this set (6) John D. Rockefeller. Was an american business magnate and philanthropist. He was a Co-founder of the Standard Oil Company. Standard Oil. Gained a monopoly in the oil industry by buying rival refineries and developing companies for distributing and marketing its products around the globe. Standard Oil Trust.
In 1911 they were found guilty of violating the Sherman Antitrust Act. What was Rockefeller's role in the standard oil company. He was the largest shareholder and president. Study with Quizlet and memorize flashcards containing terms like John D. Rockefeller, What was Rockefeller's company called?, How successful was standard oil company and more.
Study with Quizlet and memorize flashcards containing terms like Why did forming corporations allow big business to increase in power and profitability?, Interpret the effects of monopolies and cartels on the consumer., Summarize what made John D. Rockefeller such a successful businessman and more.
- John D. Rockefeller: Early Years and Family
- John D. Rockefeller: Standard Oil
- John D. Rockefeller: Philanthropy and Final Years
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 magnate earned money by raising turkeys, selling candy and doing jobs for neighbors. In 1853, the Rockefeller family moved to the Cleveland, Ohio, area, where John attended high school before briefly ...
In 1865, Rockefeller borrowed money to buy out some of his partners and take control of the refinery, which had become the largest in Cleveland. Over the next few years, he acquired new partners and expanded his business interests in the growing oil industry. At the time, kerosene, derived from petroleum and used in lamps, was becoming an economic ...
Rockefeller retired from day-to-day business operations of Standard Oil in the mid-1890s. Inspired in part by fellow Gilded Age tycoon Andrew Carnegie (1835-1919), who made a vast fortune in the steel industry then became a philanthropist and gave away the bulk of his money, Rockefeller donated more than half a billion dollars to various educationa...
- 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 2, 2014 · Name: John Davison Rockefeller. Birth Year: 1839. Birth date: July 8, 1839. Birth State: New York. Birth City: Richford. Birth Country: United States. Gender: Male. Best Known For: John D ...
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John D. Rockefeller (born July 8, 1839, Richford, New York, U.S.—died May 23, 1937, Ormond Beach, Florida) was an American industrialist and philanthropist, founder of the Standard Oil Company, which dominated the oil industry and was the first great U.S. business trust. He is the major historical figure behind the famed Rockefeller family ...
