Rockefeller, Robber Baron or Captain of Industry?

A detailed Summary of Rockefeller, Robber Baron or Captain of Industry?

John D. Rockefeller was the first billionaire in the United States. He owned

Standard Oil Company, and was the main person to organize the oil industry. When he

was young, the company he was working for at the time sent him to oil country. He

checked everything out and reported back to the company that, as far as he could tell,

there was no future in the oil industry. Little did he know that in a short time he would

be investing in the oil industry. Before he knew it he owned twenty five refineries and

was making a lot of money. He donated five hundred thirty million dollars of the money

he made to medical research. John Rockefeller was a good business man who gave back

to the community and was definitely a captain of industry.

Some people don't agree that Rockefeller was such a good person, infact there are

people who would probably call him a robber baron. This opinion isn't totally

Rockefeller did many things that would categorize him as a captain of industry.

Philanthorpy is a definite quality in a captain of industry and there is no doubt that John

the Standard Oil Company, so they weren't completely up the creek without a paddle.

of money to various charities and foundations. Although he did have his flaws, all the

give back to the community. Rockefeller definitely did that. He has been called one of

Spelman Rockefeller Memorial, and the Rockefeller Institute for Medical Research. He

founded, like any businessman, John wasn't perfect. He bought out other oil

Approximate Word count = 675
Approximate Pages = 3 (250 words per page double spaced)

Category: History

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