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How Did John David Rockefeller's Influence On The Oil Industry

957 Words4 Pages

John Davidson Rockefeller was an influential character in history. His wealth, character, and aggressiveness directed him to create one of the first and most known monopolies in modern history. Throughout the Industrial and Gilded eras Rockefeller dominated his pitiful competition destroying the oil industries. Rockefeller might have been a businessman not an inventor, but in creating the monopoly he chooses to be something a different an in-between. John Davidson Rockefeller born July 8, 1839 in the small, quant town of Richford, New York. Son of Eliza Davidson and William Avery Rockefeller, Rockefeller came from a busy upbringing. His enormous family relocated many times while he was young. “The family, which included John's older sister, two younger sisters, and two younger brothers, moved frequently: first to Moravia, New York; then to Owego, New York; and finally, to Cleveland, Ohio.”(Qtd in “John D. Rockefeller”) He took courses at Folsom's Commercial College where he specialized in …show more content…

The monopoly of Standard Oil shaped the way we look at monopolies today. It also helped produce The Sherman Anti-Trust Act. The Modern Trust was an idea that is still used by companies today. The brilliant idea that Rockefeller used is still ever present. Rockefeller constantly donated to the Baptist Church. The Baptist Church gained fame and fortune after these events. The events boosted revenue towards the Church and more people came. Overall, Rockefeller had a huge impact on society in general. Rockefeller was an incredible businessman who had a widespread of talent that he ended up using to make inventions that shaped the lives off all Americans. He shaped the first Modern Monopoly. His impact from the first board or trustee in a company is still used. Finally, his major activism in the Church has left a major foot print in Christianity. In conclusion, Rockefeller is one of the greatest figures in modern

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