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John D. Rockefeller's painting by John Singer Sargent in 1917 Rockefeller had a long and controversial career in the oil industry followed by a long career in philanthropy. His image is an amalgam of all of these experiences and the many ways he was viewed by his contemporaries.
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 ...
In 1870, Standard Oil began as a partnership based in Cleveland, between John D. Rockefeller, William Rockefeller, Henry M. Flagler, and Samuel Andrews. [28] Many mansions were built along the city's more prominent streets, such as the Southworth House along Prospect Avenue, and those on Millionaire's Row, on Euclid Avenue. [29] [30] [31]
60,000 (1909) [5] Standard Oil is the common name for a corporate trust in the petroleum industry that existed from 1882 to 1911. 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 ...
Revenue Act of 1935. The Revenue Act of 1935, 49 Stat. 1014 (Aug. 30, 1935), raised federal income tax on higher income levels, by introducing the "Wealth Tax". [1] It was a progressive tax that took up to 75 percent of the highest incomes (over $1 million per year). [2] The Congress separately also passed new taxes that were regressive ...
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In the 1860s, the Standard Oil Company was founded by John D. Rockefeller in the city of Cleveland. In the early 20th century, about a quarter of the region's jobs were in steel mills. The Great Depression hurt the area's economy and caused up to 35% unemployment rate. The City of Cleveland went into default in 1978 and was $30 million in debt.