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. At the age of twenty-seven, he is in the early stages of building his oil refinery but his company is tearing on the verge of bankruptcy. He is highly inspired
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During this meeting, Rockefeller makes a deal to fill Vanderbilt’s trains with oil every day. He had now started to become the man of destiny that he always destined to be. Over the next couple of years, he accumulated new partners and expanded his business interests in the growing oil industry. With these new business partners came the establishment of kerosene. As kerosene grew in importance to society, Rockefeller's wealth skyrocketed and this was the tier of him becoming the richest person in the country. Standard Oil gained a monopoly in the oil industry by buying out rival refineries and developing new companies for distributing and marketing its products around the world. In 1882, these companies were combined into the Standard Oil Trust, which controlled some 90 percent of the nation’s refineries and pipelines. In order to exploit economies of scale, Standard Oil did everything from building its own oil barrels to use scientists to figure out new uses for petroleum by-products. Rockefeller cut off his ties to Vanderbilt, as to his wealth and dignity did not match the price that he had once before agreed to. Vanderbilt saw this as a threat so he completely cut off his railroad supply, so that meant that his new-found