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How Did John Rockefeller Influence His Work?

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When most people hear the name Rockefeller the majority of them initially think of the wealth associated with the name. This is not a surprising initial reaction since Rockefeller is known to be one of the world’s richest men (Bibliography). More often than not what goes un-noted is what lead to John Rockefeller’s success and wealth and the contributions he has made that are not merely monetary. John Rockefeller’s leadership and business intuitions were recognized at an early age. By the age of 14 he embarked on a number of small-business ventures as a teenager, landing his first real office job at age 16, as an assistant bookkeeper with Hewitt & Tuttle, commission merchants and produce shippers (Biography). His hard work continued until he eventually began taking on his own business ventures. Throughout all of Rockefeller’s business pursuits he always seemed to not only excel at the business tasks at hand, but profit greatly. While working as a commission merchant in hay, meats, grains and other goods his company's first year in business had grossed $450,000. His un-canny eye for different business avenues lead him to what would eventually become one of the most profitable business opportunities during his lifetime, the untouched oil refinery business. …show more content…

With success came acquisitions, as Standard began buying out its competitors (History). Rockefeller endured failures alongside his accomplishments, but I believe the way he handled his business affairs also lead to their continued successes. I have read over and over again how John Rockefeller did not take a lot of business risks and always kept things as simple as possible to keep costs down and revenues

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He was a very successful businessman, he set the sight for most of the businesses in the 19th century. Most of the businesses were looking to be like him. If the businesses didn't look up to his as a role model, they looked up to John D. Rockefeller. Rockefeller used

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John D. Rockefeller was an American businessman and philanthropist. He was born on a farm in New York-but moved to Cleveland, Ohio during the late 1850s where he became a successful businessman. As the years went by” he began to notice the oil industry” and he became interested. He lived in Cleveland which became a regional hub

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Not long after his first company took off, in 1870, he created Standard Oil Co., which was a combination of a few of the other businesses he had started. Rockefeller used refineries to extract oil, rather than some of his competitors who preferred to use oil rigs. What truly helped Rockefeller rise above his competitors was actually undercutting their prices, and even offering money to railroad companies to only ship materials to him, which caused his competitors’ businesses to go bankrupt. He used a business tactic called the trust, where he took shares in other companies, offering the owners a place on the board of directors and dividends in the company. This tactic gave Rockefeller more control over his competitors’ businesses, which affected everyone else negatively.

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By the early 20th century, millions of Americans were engaged in oil-related industries; this increased employment. Rockefeller saw the vast potential of the industry, as he described: “We saw the vast possibilities of the oil industry, stood at the center of it, and brought our knowledge and imagination and business experience to bear in a dozen, in twenty, in thirty directions.” Much of Rockefeller’s whole life was characterized by various business-related controversies for his aggressive expanding desire but by the later parts of his life he became to be remembered as a philanthropist for his charitable efforts. The overall image of Rockefeller had varied significantly depending on who he was viewed, for example, his ex-competitors, politicians and critical biographizes.

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606 Words | 3 Pages

He made his mark on America. John D. Rockefeller practically lit up the country with his company, Standard Oil. In eighteen-seventy Rockefeller started his company with a group of men, although he was the president considering he was the largest shareholder. His company founded the chemical that was the was very flammable, called Kerosene, that was put into lanterns or streets to help light your home and make the street more visible. Standard Oil began to buy out other companies and began to sell and distribute their products all over the globe, which made them a monopoly.

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294 Words | 2 Pages

These men were captains of industry because they all donated money. One way Rockefeller bestowed a portion of his money away was by giving “millions of dollars to a variety of causes.” In the reading it quotes, “In 1919 Rockefeller donated $50,000,000 to the Board to raise academic Salaries.” This quote demonstrates that John D. Rockefeller was not an awful guy and cared for other people. In addition, it later says in the reading it that he also donated money for religion and medical purposes.

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1016 Words | 5 Pages

His life growing up, gave him the experience of what the lower class people had to endure, he started out with nothing, but he took advantage of the opportunities he was presented with. Rockefeller, although he is portrayed as a robber baron, gave away more than half of his profit from the oil company, as well as donated one tenth of his income to charity. (The Trust and Monopoly) Despite being labeled falsely as a robber baron, he proved that he was a resourceful businessman that saw an opportunity and went for it, he used his resources and connections in the railroad company to earn him the millionaire status. With great power comes great responsibility, and these captains took it upon themselves, and realized that their responsibility, and duty to the nation, was to inform and educate the people on how to be successful as well.

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833 Words | 4 Pages

They began to partner up with a lot of different companies and began to build their company more and more. After a while of the government noticing, what exactly he and others were doing, the government began to punish those who used monopoly to create bigger businesses. Rockefeller then went to distributing his company among others making is fair. The government didn’t see this as a good thing although as they created the antitrust laws and everything he had worked for fell to the end. Rockefeller retired and became the Rockefeller foundation.

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John D. Rockefeller is a name that rings volumes throughout the financial history of the United States. A businessman, industrialist and philanthropist who achieved incredible fame in his 97 years of life leaving behind a legacy that only a few can mirror. His accomplishments unmatched leave his name on various places such as the Rockefeller Center in Manhattan. Not only was he the oil tycoon of the United States but also his business practices and ambition led to the passing of antitrust laws by the United States Congress.

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They had strong work ethics, and they never stepped down without a fight. Perhaps the greatest example of a strong work ethic was Vanderbilt’s. He’s a very tough and ruthless man, and he proved so when he beat men to unconsciousness to show who’s boss. Rockefeller wasn’t very different in this way, still keeping his greedy nature and proving very competitive with his neighbors, even though he disliked competition as a whole. He had a mind for efficiency, always ahead of the game and having a strong will to win.

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John D. Rockefeller Sr: How did John D. Rockefeller impact the Industrial Revolution John Davison Rockefeller Sr. once stated “If you want to succeed you should strike out on new paths, rather than travel the worn paths of accepted success” (John D. Rockefeller Quotes). John D. Rockefeller was the founder of Standard Oil in which then became one of the wealthiest men in the world. Rockefellers ongoing funding as a philanthropist and trust in oil is how the man's name still lives on to this day (The Rockefeller Archive Center). For thousands of years oil has been a main resource for human consumption, and remains the same.

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“I don’t want a nation of thinkers. I want a nation of workers.” said John D. Rockefeller. Known as a cut throat businessman and the richest man of America, Rockefeller was head of several oil refiners. He was often referred to as one of the “men who built America”, creating the first true multinational corporation and having one of the most profound social and economic impact on America.

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1599 Words | 7 Pages

Rockefeller is another major business power holder of his time. Rockefeller is most known for his absolute power within the oil industry. Rockefeller’s company, Standard Oil Company, has made great strides in the oil industry. Rockefeller’s innovative ideas and pursuit of domination pushed his oil company into such a powerful position he created a horizontal monopoly. With a company, this large, Rockefeller has provided countless jobs and opportunities for his employees.

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459 Words | 2 Pages

Coming with a successful business is people trying to find faults in your greatness. Rockefeller was a Captain of Industry, he helped improve the inventions we already had by making oil more readily available. By doing this he made a fortune which made people believe that he was unable to be trusted, but all of these suspicions were incorrect, Rockefeller made his money honestly and helped our country thrive and become who we are today. Rockefeller had competition in the oil industry but,

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1406 Words | 6 Pages

Rockefeller was also one of the most successful wealthy Gilded Age entrepreneurs. Although Rockefeller did make a name for himself in the oil industry,supplying the U.S with oil, and creating the Standard Oil Company;his road to power was paved with the pain and suffering of others due to his malicious behavior. He should be remembered as a Robber Baron because of his attempts at monopoly, malicious behavior to those who stood in his way, and especially the treatment of his workers in order to get the wealth he desired. J.D. Rockefeller used tactics such as vertical integration, using rebates to transport his oil for cheaper prices, and using ruthless methods to eliminate the competition. Rockefellers ruthlessness lead him to be very successful up until his fatal encountered with Ida Tarbell.

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