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[5] [6] [3] Rockefeller was born into a large family in Upstate New York who moved several times before eventually settling in Cleveland, Ohio. He became an assistant bookkeeper at age 16 and went into several business partnerships beginning at age 20, concentrating his business on oil refining. Rockefeller founded the Standard Oil Company in 1870
Rockefeller, Carnegie and Morgan team up to help elect William McKinley to the U.S. presidency by paying for his 1896 campaign, to avoid a possible attack on monopolies. However, fate intervenes when McKinley is suddenly assassinated , and Vice President Theodore Roosevelt assumes the presidency and promptly begins dissolving monopolies and ...
John Davison Rockefeller III (March 21, 1906 – July 10, 1978) was an American philanthropist. Rockefeller was the eldest son and second child of John D. Rockefeller Jr. and Abby Aldrich Rockefeller as well as a grandson of Standard Oil co-founder John D. Rockefeller. He was engaged in a wide range of philanthropic projects, many of which his ...
John D. Rockefeller is considered to be the wealthiest American of all time, earning his immense fortune after gaining control of 90 percent of American oil production in the late 1800s. The oil ...
The Board was created in 1902 after John D. Rockefeller donated an initial $1 million (equivalent to $35,215,400 in 2023) to its cause. The Rockefeller family would eventually give over $180 million to fund the General Education Board.
Around the turn of the twentieth century, Big Oil was John D. Rockefeller's Standard Oil Trust. By 1904, the monopoly controlled 91% of the U.S. oil market and 85% of final sales.
Henry Flagler, c. 1882 Flagler's Gingerbread house in Bellevue, Ohio Share of the Standard Oil Company signed by John D. Rockefeller and Henry Flagler [6]. After the failure of his salt business in Saginaw, Flagler returned to Bellevue in 1866 and reentered the grain business as a commission merchant with the Harkness Grain Company.
For example, Standard bought the company that invented and produced Vaseline, the Chesebrough Manufacturing Co., which was a Standard company only from 1908 until 1911. One of the original " Muckrakers " Ida M. Tarbell , was an American author and journalist whose father was an oil producer whose business had failed because of Rockefeller's ...