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John D Rockefeller American Philanthrapist

During the late 1800's and early 1900's the oil industry was a monopoly that was created by one man. Some people would describe this man as a ruthless, cruel, cutthroat business tycoon. This man was John Davison Rockefeller. John D. Rockefeller made the Standard Oil Company, becoming America's first billionaire, and then gave away more than half his fortune to charities. John Rockefeller was a dedicated businessman who built himself an empire from nothing and helped others with his generous donations. His business ended up helping smaller businesses because of the new laws and restrictions that needed to be created in order for the U.S. government to have a handle on the Standard Oil Company. John D. Rockefeller changed the oil industry, created and greatly contributed to many charities in America.

Rockefeller was born on July 8, 1839 in Richford, New York (J.D.R. J.D.R. Page n.p.). He married Laura C. Spelman (1839-1915) on September 8, 1864 (Rockefeller Family and Associates n.p.). His mother, Eliza Davison Rockefeller, was very religious and disciplined, she was the person who taught him to work hard, save and give to charities (J.D.R. J.D.R. Page n.p.). Rockefeller's mother had the biggest influenc


from p527K2463. Knight Ridder Newspapers)." Knight-Ridder/ Tribune News Service

Most of his competitors would say these things about him in order to draw attention to what he was doing and try to get the U.S. government to take a stand in the big companies. Rockefeller's virtual monopoly of oil refining caused state and then Congress to establish anti-monopoly laws to break up his control (J.D.R. Tycoons and Entrepreneurs 212). Rockefeller had a very big impact on his society mostly with the way big corporations are run with new laws and restrictions being enforced on them.

Draper, Roger. "Titan The Life of John D. Rockefeller, Sr. (book review)." Find Articles. 5

Rockefeller's competitors became very angered when from 1877-1878 non-Standard companies paid $1.44 per barrel of oil and Standard paid $0.80 per barrel, which drove out his competitors (J.D.R. J.D.R. Page n.p.). Rockefeller had such control over the oil industry that he got oil for a much lower price than other companies making it possible for him to be able to charge a lower price and run out his competition. Rockefeller was in the process of creating a monopoly and being the only company refining oil.

In his business and retired life he loved to pile up money, but also loved to give it away to charities (Bill Bell n.p.). Rockefeller first went into business, in grains, with Maurice Cark (1859) and soon expanded into oil refining when it was just getting going (J.D.R. Encyclopedia of World Biography vol. 13 226). Rockefeller was involved in the South Improvement Company Scheme in 1871, which was "...a defensive alliance of Cleveland refiners to meet the bitter opposition of the oil producers of Pennsylvania." (J.D.R. Encyclopedia of World Biography vol.13 227). The plan and the Refiner's pool were outlawed by the Pennsylvania Legislature (J.D.R. Encyclopedia of World Biography vol.13 227). Rockefeller's rival, Franklin Tarbell's daughter Ida Tarbell, wrote "History of the Standard Oil Company (1904)" which made Rockefeller look like a villain (Roger Draper n.p.). That book exposed many secrets and tactics that Rockefeller used in his business deals. After her book was released, Rockefeller's public image went down because many of the people thought that Rockefeller was a ruthless and intimidating businessman. Rockefeller had wanted since he was a boy to earn $100,000 and he ended up being the first billionaire in America (Bill Bell n.p.).



Some common words found in the essay are:
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Approximate Word count = 2253
Approximate Pages = 9 (250 words per page double spaced)


  

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