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John Davison Rockefeller: The Founder Of The Standard Oil Company

808 Words4 Pages

Imran Hossain

Endlay

History 1302

4 Feb 2018

John Davison Rockefeller

The great standard oil company was the number one in world’s oil company early 1880s .The founder of the standard oil company is Rockefeller who was the number one wealthiest man as well as. He born in New York modest family in 1839 He started from his teenage with hard work he worked $.50 a day when he was 16 years old . After a struggle life he started his company in 1863. He made up decision that create a company which was the oil refine company but in 1911 , the supreme court found Standard Oil in Violation of antitrust.

In 1882 Rockefeller was buying other company giving money half of price of the value .After that whatever he bought the company he just …show more content…

For his products marketing he used private train to delivery oil to others with a secret code. Peoples were buying from his because his low cost product and his easier transport system. He was the specialist for petroleum refining with quality products and low cost nobody can sell this price. His standard and cheap oil became most popular oil company all over the world. The special gift was to the world kerosene oil which was affordable price for anyone …show more content…

His process kerosene made up world brighter, warmer, and cleaner as well as better. Rockefeller wrote that we are reefing oil for the poor man and must have it cheap and good. Not only United States he discoveries new petroleum but also abroad independent oil companies brought competition on the industry there are some modern names like Exxon, Mobile ,Amoco ,Cheveron, ARCO ,Conoco and Sohio the world class bend he made those company influence on oil pricing. Those company are till working as refining all the world .For Instance some developing countries till using their technology to get gas and taking a major percentage of gas those countries like Cheveron and other as well as.

But in 1911 the US supreme got them in violation which was a problem which is antitrust issues monopoly which is the a company kills all other competitor the reason his company got hold to the government. Rockefeller was by the law many times before congress he was known to subpoenas by tour place to place .But he was finally gave iconic testimony about his company

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