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The origins of the trust lay in the operations of the Standard Oil Company (Ohio), which had been founded in 1870 by John D. Rockefeller. The trust was born on January 2, 1882, when a group of 41 investors signed the Standard Oil Trust Agreement, which pooled their securities of 40 companies into a single holding agency managed by nine trustees ...
The Standard Oil Company (Ohio) was an American petroleum company that existed from 1870 to 1987. The company, known commonly as Sohio , was founded by John D. Rockefeller . [ 4 ] [ 2 ] It was established as one of the separate entities created after the 1911 breakup.
On January 10, 1870, Rockefeller abolished the partnership of Rockefeller, Andrews & Flagler, [59] co-founding Standard Oil of Ohio. Continuing to apply his work ethic and efficiency, Rockefeller quickly expanded the company to be the most profitable refiner in Ohio.
The principals and namesakes were John D. Rockefeller, William Rockefeller, Samuel Andrews, and Henry M. Flagler. Flagler’s step-brother Stephen V. Harkness made substantial investments, but was a silent partner and did not take an active role in running the business but he was actually the second largest stockholder next to JD Rockefeller. [1]
O'Day was born on March 11, 1870, in Titusville, Pennsylvania. His father, Daniel O'Day, was a director of the Standard Oil Company and a prominent factor in the petroleum business for forty years. [1] He died during a trip to France due to an arterial hemorrhage possibly caused by overwork.
Standard Oil also has the distinction of being the first billion-dollar company in history. By 1913, Rockefeller's personal fortune had swelled to $900 million — a staggering 3% of the entire U ...
The Rockefeller family (/ ˈ r ɒ k ə f ɛ l ər / ROCK-ə-fell-ər) is an American industrial, political, and banking family that owns one of the world's largest fortunes. The fortune was made in the American petroleum industry during the late 19th and early 20th centuries by brothers John D. Rockefeller and William A. Rockefeller Jr., primarily through Standard Oil (the predecessor of ...
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 ...