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