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John D Rockefeller Research Paper

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John D. Rockefeller Sr.: The First Self-Made Billionaire. John D. Rockefeller Sr. lived an intriguing life that definitely was a major factor in his success. John was able to take what life had given him and become the best negotiator and wealthiest person of his time. The business practices he pioneered would lead to major developments and laws in business due to his success. John D. Rockefeller Sr. accomplished many goals and made the United States a better place; furthermore, he used his wealth and position to give others opportunities to better themselves. John D. Rockefeller was already showing his business savvy ways, even in his childhood. At a young age, John D. Rockefeller sold and raised turkeys for money. com Editors, 2023). He …show more content…

Rockefeller believed that the future of Cleveland would be in the shipping industry (PBS.com editors 2023). 4. Cleveland is next to Lake Erie, giving its docks major shipping potential (PBS.com editors 2023). Cleveland had many railroads that transported agricultural goods (PBS.com editors 2023). John saw that with the rise of agriculture in the Midwest Cleveland would no longer be special in that regard (PBS.com editors 2023). John Instead saw its major potential in shipping raw industrial materials with its established ports and railroads (PBS.com editors 2023). Horizontal and vertical integration are two business practices pioneered and heavily employed by Rockefeller. Standard Oil bought its competitors, buying the bigger ones first, this process became horizontal integration (History. com Editors, 2023). Standard Oil employed scientists to try and figure out new uses of the oil products that they produced. com Editors, 2023). Standard oil producers bought supplies that they would need, such as oil barrel producers (History. com Editors, 2023). John thought of horizontal integration as Pilgrim's saga, with him rescuing sinful refiners from their errant ways (Chernow, 1998). Standard Oil used tactics such as these to ensure that they got the best possible prices for the items they would need to sell their products cheaper. com Editors, …show more content…

The Rockefeller Sanitary Commission is a now basically unknown organization that accomplished its goals and a good amount more. The Rockefeller Sanitary Commission was founded in 1909 by John D. Rockefeller Sr. (History. com Editors, 2023). The Sanitary Commission's main goal was to eradicate Hookworms in the South, which was achieved sometime in the 1950s through 1980s (History). com Editors, 2023). According to the CDC, the way hookworm was prevented was primarily by the use of shoes and not walking in areas with feces (CDC Editors, 2013). The loss of protein and iron due to these worms can cause stunted growth along with physical and mental development (CDC Editors, 2013). The Rockefeller Sanitary Commission is an organization that accomplished a major feat with the eradication of

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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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When John D Rockefeller was just a teenager he worked for a bunch of different small businesses. At 16 he got his very first job as an assistant bookkeeper for a commission merchants and produce shippers. At the age of 20 he quit as a bookkeeper and went out on his own with a business partner where they worked as commission merchant in hay,meats, grains, and other goods. By the end of their first year they had a gross domestic product of $450,000. Rockefeller later realized that there was an opportunity in the oil business when it was booming up in the western Pennsylvania in the early 1860’s.

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He gained control to 90% of the oil in America and dominated the economy. While some disagreed with his ways, others were able to see his achievements with respect and admiration. Through his life, Rockefeller was able to set the stage and be an example to those to come through his accomplishments, aggression, and

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John D rockefeller was the most influential businessmen of the late 20th century because he founded a Standard Oil Company, and at one time controlled 90 percent of the oil refineries and pipelines in the United States, which led him to become a billionaire. He also bought out his partners, took over the refinery, expanded it and formed the Standard Oil Company. Another accomplishment is he established numerous philanthropic charities, which he gave away more than $500 million. He helped distribute donations to American schools and colleges, find cures for diseases such as meningitis, eradicate hookworm in the southern states, and promote medical research, scientific achievements and the arts. His philanthropic charities were the University

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John D. Rockefeller’s legacy lies on the impact and affects the American culture that still continues today. Rockefeller is considered a legend due to the fact that he is the founder, along with his brother, William and others, of the Standard Oil Company and ran the business until his own retirement. He was considered the world’s first billionaire in the world and gave half of his money towards various, good causes. Rockefeller was the businessman of his time; his business career started when he was only 16, when he was buying and selling goods. But Rockefeller’s business career rose when he created the Standard Oil Company, which he is most known for.

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After completing the business course in three months, 16-year-old Rockefeller secured a bookkeeping position with Hewitt & Tuttle, a commission merchant and produce shipper. John D. Rockefeller went on to be one of the wealthiest people of America, but what made him a true captain of industry? John D. Rockefeller was the head of the Standard Oil Company and one of the world's richest men. He built his first oil refinery near Cleveland and in 1870 incorporated the Standard Oil Company. By 1882 he had a near-monopoly of the oil business in the U.S., but his business practices led to the passing of antitrust laws.

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John Jr. kept the organizations and schools up and also, created an organization for the United States Service. This, organization help with soldiers coming back from World War II. John used the foundations that his dad started to, donate three hundred million dollars to help the men and women fighting for our country. John D. Rockefeller Sr. was devoted to wildness and seeing the beautiful scenery. John Jr. then donate for conservation plans, the donations went from Yosemite National Park in Maine to Acadia National Park in California.

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Similarly, to Andrew Carnegie, John Rockefeller was a very successful businessman in the history of America. In comparison, Rockefeller too, came from a family that was poor at best. Portrait of America also told the

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Rockefeller was the wealthiest man of his time. He invested his time and money in a refinery, producing about 90 percent of the nation’s refining volume and also engaging in the building of transportation facilities such as pipelines and tanker ships. As time progressed Standard Oil Company gained enough momentum to take over the vertical and horizontal integration of the American oil industry. His competitors were often intimidated by his approached to business and the use of double standards to persuade them to join his idea of business or face the consequences of being driven out of business.

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John D. Rockefeller John D. Rockefeller (1839-1937), the founder of the Standard Oil Company, became one of the wealthiest men and a prosperous philanthropist around his time. Born into modest circumstances in upstate New York. As a young boy Rockefeller has always been one to have to work and provide for the family, his dad was a scammer and he was never home, this inspired Rockefeller to want more for himself. He entered the then-fledgling oil business in 1863 by investing in a Cleveland, Ohio, refinery. Rockefeller was a struggling oil refinery man who Vanderbilt hoped to obscure.

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In conclusion, John D. Rockefeller took advantage of companies with monopolistic deals to grow their business, which in the end, gave him dominance over the oil

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147) which is an interesting fact about what John D. had done. It would have seemed that he would have been loud about his opinions, yet he was actually quite quiet and had a different personality at home than what he had in the outside world. I believe that John D. Rockefeller had a positive effect on the world. He donated 530 million dollars(in today’s money) total in gifts and beneficiaries in 1913, which is a pretty big amount. We also would not have trusts as it was John D. Rockefeller who first used the idea in the Standard Oil Company.

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John also put a business on a big scale which made many people interested in the idea of owning your own company which can make billions of dollars. John found ways for easy selling an and was a mastermind in incorporating trends into his businesses. Rockefeller was one of the biggest and most Respected businessmen to ever touch foot on this earth. JP Morgan one of the biggest Entrepreneurs to ever live Created many successful businesses To This day. JP Morgan created the most successful phone companies to date in

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John D. Rockefeller John D. Rockefeller was a prominent American businessman who is regarded by many as one of the wealthiest and most successful entrepreneurs in history. Born in New York in 1839, Rockefeller began his illustrious career as a clerk and quickly rose through the ranks to become the founder and CEO of The Standard Oil Company, a company that dominated the oil industry in the late 1800s and early 1900s. Known for his astute business acumen and his philanthropic endeavors, Rockefeller left a lasting legacy that continues to be felt today. Despite criticisms and questions about his business practices, Rockefeller's impact on American industry and society cannot be denied, and he remains an enduring figure in American history. By

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Matthew Mail Miss Goodwin History 9C 18 March 2016 The Philanthropy of John D. Rockefeller John D. Rockefeller is not only known for being America’s first billionaire, but also for being one of the greatest philanthropist ever. Rockefeller’s dedication to philanthropy, or desire to promote the welfare of others, would be started at a young age.

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