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To help with the transition and change the minds of other doctors and scientists, John D. Rockefeller gave many millions to colleges, hospitals and founded a philanthropic group called "General Education Board" (GEB). [20] In the nineteenth century, it was relatively easy to not only receive a medical education, but also to start a medical school.
The senior John D. Rockefeller (1839–1937) retired from business in the 1890s; he and his son John D. Rockefeller Jr. (1874–1960) made large-scale national philanthropy systematic especially regarding the study and application of modern medicine, higher, education and scientific research.
John D. Rockefeller was born in Richford, New York, then part of the Burned-over district, a New York state region that became the site of an evangelical revival known as the Second Great Awakening. It drew masses to various Protestant churches—especially Baptist ones—and urged believers to follow such ideals as hard work, prayer, and good ...
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.
Philanthropy is a form of altruism that consists of "private initiatives for the public good, focusing on quality of life". [1] Philanthropy contrasts with business initiatives, which are private initiatives for private good, focusing on material gain; and with government endeavors that are public initiatives for public good, such as those that focus on the provision of public services. [1]
John D. Rockefeller's leadership style helped him build an empire that propelled him to fame and fortune, writes award-winning historian Ron Chernow. 10 key management principles from John D ...
Elon Musk has since surpassed John D. Rockefeller as the richest person in the history of the United States, and of modern history, according to size of wealth compared to GDP. On December 2024 his wealth reached $474 billion dollars (1.61% of USA's GDP at that year) compared to Rockefeller's 1.5% at the height of his wealth. [5]