John d rockefeller biography history

Supreme Court upheld the antitrust ruling, ordering the dissolution of Standard Oil into 34 smaller companies. This landmark case not only shattered Rockefeller's expansive empire but also established a precedent for federal regulation of monopolies, significantly influencing how businesses operated in America and reshaping the economic landscape of the nation.

Rockefeller's personal life was characterized by his strong values and close-knit family. He married Laura Spellman on September 8, The couple formed a partnership that mirrored their shared commitment to philanthropy and community service. Laura played an instrumental role in Rockefeller's philanthropic pursuits, often encouraging his charitable activities.

The pair enjoyed a loving relationship, and Laura was pivotal in fostering Rockefeller's devout Baptist faith, which guided many of his decisions and actions throughout his life. Their marriage lasted for over 70 years, showcasing a remarkable bond that withstood the pressures of wealth and power. Their family life was marked by both joy and sorrow, as they faced the tragic loss of their infant daughter, Alice, which deeply affected them.

Despite these challenges, the Rockefeller family maintained a strong sense of unity. Rockefeller dedicated himself to teaching his children the virtues of hard work, integrity, and generosity. His son, John Jr. Rockefeller's wealth primarily stemmed from his founding and expansion of the Standard Oil Company, which he incorporated in Through strategic decisions, acquisitions, and relentless optimization of operations, he managed to create a near-monopoly in the American oil industry by the early s.

Standard Oil's business model focused on refining, distribution, and leveraging economies of scale, which allowed it to significantly undercut competitors and capture the majority of market share. By controlling transportation logistics and refining processes, Rockefeller ensured that Standard Oil not only thrived but dominated, marking him as the wealthiest individual of his time, and his net worth ballooned to extraordinary levels.

His earnings from Standard Oil came not only from operating profits but also from investments in other ventures that stemmed from Standard Oil's operations. Rockefeller, aged 86, wrote the following words to sum up his life: [ ]. I was early taught to work as well as play, My life has been one long, happy holiday; Full of work and full of play— I dropped the worry on the way— And God was good to me everyday.

Contents move to sidebar hide. Article Talk. Read View source View history. Tools Tools. Download as PDF Printable version. In other projects. Wikimedia Commons Wikiquote Wikidata item. American business magnate — For other people named John D. Rockefeller, see John D. Rockefeller disambiguation. Richford, New York , U. Ormond Beach, Florida , U.

Laura Spelman. William Rockefeller Sr. Eliza Davison. Business partnership and Civil War service. Beginning in the oil business. Main article: Standard Oil. Founding and early growth. Strike of —14 and the Ludlow Massacre. Main article: Ludlow Massacre. Further information: Rockefeller family. Retrieved March 25, The New York Times. July 15, Retrieved July 17, Rockefeller: The Richest Man in the World".

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Class in America: Q-Z. Greenwood Press. Rockefeller: Oil Baron and Philanthropist. Challenged by coeducation: women's colleges since the s.

John d rockefeller biography history

Vanderbilt University Press. A Sense of history: the best writing from the pages of American heritage. American Heritage Press. Rockefeller, Carnegie, and Canada: American philanthropy and the arts and the arts and letters in Canada. McGill-Queen's University Press. Encyclopedia of African-American education. ISBN X. Encyclopedia of American Education: A to E.

Infobase Publishing. KlingStubbins: palimpsest. Images Publishing. Forgotten people, forgotten diseases: the neglected tropical diseases and their impact on global health and development. ASM Press. In , he established Standard Oil, which by the early s controlled some 90 percent of U. Critics accused Rockefeller of engaging in unethical practices, such as predatory pricing and colluding with railroads to eliminate his competitors in order to gain a monopoly in the industry.

In , the U. Supreme Court found Standard Oil in violation of anti-trust laws and ordered it to dissolve. Industrious even as a boy, the future oil magnate earned money by raising turkeys, selling candy and doing jobs for neighbors. In , the Rockefeller family moved to the Cleveland, Ohio , area, where John attended high school before briefly studied bookkeeping at a commercial college.

Did you know? One of the charitable organizations established by John D. Rockefeller, Sr. Less than 20 years after its creation, the Commission had achieved its primary goals, the successful eradication of hookworm disease across the southern United States. His legacy, however, lives on: Rockefeller is considered one of America's leading businessmen and is credited for helping to shape the U.

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