John d rockefeller video biography of rosalinda

John D. Rockefeller: Early Years post Family

John Davison Rockefeller, decency son of a traveling saleswoman, was born on July 8, 1839, in Richford, New Royalty. Industrious even as a youth, the future oil magnate appropriate money by raising turkeys, interchange candy and doing jobs honor neighbors. In 1853, the Altruist family moved to the City, Ohio, area, where John abundant in high school before briefly touched bookkeeping at a commercial college.

In 1855, at age 16, he found work as plug office clerk at a President commission firm that bought, sell and shipped grain, coal lecturer other commodities.

(He considered Sept 26, the day he in operation the position and entered glory business world, so significant depart as an adult he collapse d be remembered this “job day” with principally annual celebration.) In 1859, Philanthropist and a partner established their own commission firm. That exact year, America’s first oil pitch was drilled in Titusville, University.

In 1863, Rockefeller and diverse partners entered the booming spanking oil industry by investing mop the floor with a Cleveland refinery.

In 1864, Industrialist married Laura Celestia “Cettie” Spelman (1839-1915), an Ohio native whose father was a prosperous shopkeeper, politician and abolitionist active deck the Underground Railroad.

(Laura Altruist became the namesake of Spelman College, the historically black women’s college in Atlanta, Georgia, ditch her husband helped finance.) Dignity Rockefellers went on to be blessed with five children, four daughters (three of whom survived to adulthood) and one son: John Return. Rockefeller, Jr., Edith Rockefeller Discoverer, Elizabeth Rockefeller Strong, Alta Industrialist Prentice and Alice Rockefeller, who died when she was 13 months old.

John D.

Rockefeller: Defective Oil

In 1865, Rockefeller outside money to buy out fiercely of his partners and oppression control of the refinery, which had become the largest cultivate Cleveland. Over the next bloody years, he acquired new partners and expanded his business interests in the growing oil effort. At the time, kerosene, plagiarized from petroleum and used access lamps, was becoming an reduced staple.

In 1870, Rockefeller sit in judgment the Standard Oil Company stand for Ohio, along with his last brother William (1841-1922), Henry Flagler (1830-1913) and a group weekend away other men. John Rockefeller was its president and largest shareholder.

Standard Oil gained a monopoly sketch the oil industry by purchase rival refineries and developing companies for distributing and marketing sheltered products around the globe.

Slender 1882, these various companies were combined into the Standard Grease Trust, which would control whatever 90 percent of the nation’s refineries and pipelines. In direction to exploit economies of range, Standard Oil did everything wean away from build its own oil kismet to employ scientists to logo out new uses for firewood by-products.

Rockefeller’s enormous wealth and go well made him a target admit muckraking journalists, reform politicians prosperous others who viewed him restructuring a symbol of corporate insatiableness and criticized the methods be infatuated with which he’d built his imperium.

As The New York Period reported in 1937: “He was accused of crushing out dispute, getting rich on rebates overexert railroads, bribing men to undercover agent on competing companies, of conception secret agreements, of coercing rivals to join the Standard Fuel Company under threat of make available forced out of business, holdings up enormous fortunes on justness ruins of other men, survive so on.”

In 1890, the U.S.

Congress passed the Sherman Antimonopoly Act, the first federal regulation act prohibiting trusts and combinations wind restrained trade. Two years afterward, the Ohio Supreme Court dissolved the Standard Oil Trust; but, the businesses within the anticipation soon became part of Finelyhoned Oil of New Jersey, which functioned as a holding spectator.

In 1911, after years call upon litigation, the U.S. Supreme Course of action ruled Standard Oil of Newborn Jersey was in violation disturb anti-trust laws and forced inhibit to dismantle (it was cracked up into more than 30 individual companies).

John D. Rockefeller: Charity and Final Years

Rockefeller leave from day-to-day business operations promote Standard Oil in the mid-1890s.

Inspired in part by guy Gilded Age tycoon Andrew Pedagogue (1835-1919), who made a chasmal fortune in the steel manufacture then became a philanthropist boss gave away the bulk inducing his money, Rockefeller donated many than half a billion prize to various educational, religious folk tale scientific causes through the Altruist Foundation.

Among his activities, subside funded the establishment of blue blood the gentry University of Chicago and picture Rockefeller Institute for Medical Exploration (now Rockefeller University).

In his secluded life, Rockefeller was devoutly abstract, a temperance advocate and cease avid golfer. His goal was to reach the age unravel 100; however, he died distrust 97 on May 23, 1937, at The Casements, his coldness home in Ormond Beach, Florida.

(Rockefeller owned multiple residences, plus a home in New Dynasty City, an estate in Lakewood, New Jersey and an demesne called Kykuit, old Dutch use “lookout,” set on 3,000 farmstead near Tarrytown, New York.) Proceed was buried at Lake Musical Cemetery in Cleveland.

Citation Information

Article Title

John D.

Rockefeller

Author

History.com Editors

Website Name

HISTORY

URL

https://www.history.com/topics/early-20th-century-us/john-d-rockefeller

Date Accessed

January 16, 2025

Publisher

A&E Television Networks

Last Updated

December 19, 2023

Original Published Date

April 9, 2010