John D. Rockefeller

1369 Words Feb 19th, 2018 5 Pages
Rockefeller was born on July 8, 1839, and has had a huge impact on the course of American history. His reputation spans from being a ruthlessly powerful businessman to an intelligent philanthropist. He came from a family with not much and lived the American dream, rising to success with his own genius, all by himself. His legacy is unforgettable, gaining the greatest wealth of anyone in history. Rockefeller’s influence on America has been both a positive and a negative one. He revolutionized the petroleum industry and donated huge amounts of money to various institutions. Although Rockefeller had many positive effects to this country, he also had many negative ones as well, such as gaining his wealth by creating an illegitimate monopoly that often grew by using illegal methods, by giving American’s (and the rest of the world) a reason to dislike capitalism, and by damaging small businesses. Part 1
One positive effect of John D. Rockefeller was that he donated huge amounts of money to various institutions. During his life, Rockefeller donated 540 million dollars. Most of his donations were given after leaving Standard Oil, the oil company that he founded, that quickly became the largest oil factory in the world. He donated to churches, colleges, and to hospitals. Rockefeller’s son, Frederick Gates, who appointed by Rockefeller himself, was put in charge of giving out these donations. These donations helped many people and also made America a better…
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