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John D Rockefeller Accomplishments

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John D. Rockefeller was an important part to the oil industry. He had many accomplishments in his lifetime. Some of his many accomplishments in his lifetime were forming his first business in 1859, getting into the oil industry, and forming The Standard Oil Company. He was a captain of industry. He was a philanthropist donating money to various causes. The amount of money he ended with compared to the amount he started with is rather impressive. Even though some people think of John D. Rockefeller as a monopolist, his accomplishments in the oil refinery business paved the way for the oil industry today. John D. Rockefeller was very determined from the start of his first business. In March 1859, he started a business with his neighbor, Maurice Clark. Rockefeller was 20-years-old at this time. The name of the business was called Clark & Rockefeller, commission merchants, that sold grain, hay, meats, and other items to people. When they first started each of them put $2,000 into the business to get the company up and running. After the first year in business the company had gross income of $450,000. The company’s profit was $4,400. By the end of the second year the profit was $17,000.
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Rockefeller was very determined to be successful. The Standard Oil Company was formed in 1870. The company was made up of many people, with John D. Rockefeller owning most of the company. Rockefeller was smart enough to know that in order to stay as competitive as possible, he build the best plants using the best materials. He owned his own barrel making company and the timber used to make the barrels to reduce cost. He owned his own drayage service, which was used in the purification process. He owned his own warehouses to store the product. He owned his own boats to transport the product. John D. Rockefeller hated waste. He devoted a lot of time increasing the efficiency of oil refinery. This allowed for more products to be developed and

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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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Although the majority of capitalists considered captains of industry have given back to the greater good in some way or another through philanthropic acts such as the increase in productivity, expansion of markets, and/or provision of more jobs, in turn he/she can also be recognized as robber barons due to his/her utilization of unjustifiable and greed-driven tactics to gain an edge over, and eventually eradicate, his/her competition. The characterization of the majority of industrialists as robber barons is not justifiable due to the fact that a number of these leaders were also very philanthropic and can be described as both a captain of industry and/or a robber baron. John D. Rockefeller, an American business magnate and philanthropist, was the co-founder of the Standard Oil Company, which dominated the oil industry in the late nineteenth century. Rockefeller utilized unjustifiable tactics such as rebates, drawbacks, and horizontal integration to grow his business and overwhelm his competitors and could thus easily lower commercial prices because of the unfair advantage that he had gained.

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