The World's First Billionaire John D Rockefeller

Although Carnegie liked to be the tough businessman, he was not a monopolist and did not like monopolists. On the other side of the pool, Rockefeller was dominating the oil industry with no mercy. He believed in primitive savagery in the world of business, where only the fittest survived. He helped coin the term ‘ruin or rule.’ Rockefeller had a great belief in ruthless business, yet Carnegie did not. But in the end both had the most successful companies in their industries.

John D. Rockefeller should be considered a Robber Baron. Rockefeller may be associated with a Robber baron because he used illegal tactics to create a strong oil company. The most uncertain things of all his success was how he got it. John was getting discounts from other railroad companies which made them suspicious of him. Which as you could see would be a disadvantage to other oil companies that were in competition with them. Rockefeller's competition found this practice and others he did to be funny which is why he was considered a robber baron by many people. Rockefeller owned basically the entire oil industry at the same time when he bought out the other oil businesses. Rockefeller workers barely made income, he always shortened their pay which made them stop working for him. The workers felt that if they were working hard they should get paid what they deserved. So even with him being one of the richest man alive who donated money to different business such as schools, churches and etc he used different unfair advantages to accomplish his success.

Rockefeller was born in Richford, New York and went to high school at Cleveland Central High School, where he studied bookkeeping. He went on to working as an office clerk at the age of 16. Likewise, Edison began working at the young age of 12 where he sold newspapers. He eventually went on to publishing his

John D. Rockefeller Senior is one of the most famous industrialists to date. His fame is well deserved, through decades of hard work that brought prosperity to the American petroleum industry. Rockefeller has been called philanthropist, "great man" 1 "industrial statesman…, robber baron" , thief and other titles of both pleasant and unpleasant nature. His ways of conducting business brought him fame, fortune, and a lawsuit that broke up the Standard Oil Company. Despite these questionable business practices, John D. Rockefeller and the Standard Oil Company greatly contributed to the economy, and the well-being of the United States and its people. "The life of John D. Rockefeller, Sr., was marked to an exceptional degree by silence,

Wealthy industrialists and financiers such as John D. Rockefeller, founder of the Standard Oil Company; Andrew Carnegie, the self-made steel tycoon and philanthropist; Cornelius Vanderbilt, known for developing the inland water trade and rapidly growing railroad industry after building the New York Central Railroad; and Jay Gould, a developer of the railroads, were labeled as “robber barons,” meaning an American capitalist who became

John Davison Rockefeller was born in Richford, New York on July 8, 1839. His family moved to Cleveland, Ohio when he was 14. As a teenager, Rockefeller did many small business jobs, getting his first office job at 16 as an assistant bookkeeper at Hewitt and Tuttle, who were merchants and produce shippers. He did well as all of his jobs, so at the age of 20, a business partner and he started working as merchants, selling meats, grains, hay, and other various things. After just one year, that company earned 450,000 dollars. Rockefeller felt there was a good opportunity in the oil business in the early 1860’s. So, he started his own oil refinery in Cleveland in 1863. By 1865, it was the largest refinery in the area.

Both George Eastman and John Rockefeller also donated a plethora of money to multiple charities making them philanthropists. For instance George Eastman donated money to kids who couldn't afford dental work, and he gave away scholarships to the Massentusats Institute of technology. Also he gave scholarships to Tuskegee Institute for African AMericans who wanted to get an education. Likewise Rockefeller also donated money towards education. For instance he created the University of Chicago and the Rockefeller Institute for Medical Research. Both of which received over $50 million dollars from him alone. Rockefeller also founded the General Education Board which he donated another $50 million dollars to. George Eastman and John D. Rockefeller could have used their money on themselves but instead used their surplus of cash on charities. This just proves the fact that George Eastman and John D. Rockefeller were captains of industry because they were innovators and

Rockefeller was an American business tycoon. His early life made an impact on him with his father’s odd habits and parenting. His father was a traveling salesman who regularly cheated on his wife; even cheating on her when he was home. His father regularly “ cheated” his children by lying to them. He made the excuse that it would make them strong. John did not let this affect him. He got a job at an early age and used this experience and knowledge to become a business partner. By the end of the year the company had made half a million dollars. He used this money to open an oil refinery. He and a few others created the Standard Oil Company, in 1870. Within two years they had owned a majority of the oil refineries in Cleveland. They, in nearly a decade, had a monopoly on the US oil refinery

At the mere age of 16 he went to work for a firm of farm-produce shippers. A couple of years later, he went into that business for himself. In 1862, he went into business with Samuel Andrews, the inventor of an inexpensive process for the refinement of crude petroleum. By 1870 the company had been superseded then in 1870 Rockefeller and his brother William and several associates took over the business. By the 1880’s the company was one of the largest and richest manufacturing concerns in the world. Rockefeller main concern wasn’t always business he married Laura Celestia Spelman in 1864. They had three daughters Bessie, Edith, and Alta and one son John D. Rockefeller, Jr. In 1862 Rockefeller formed the Standard Oil Trust. This, the first corporate trust, was declared an illegal monopoly and ordered dissolved by the Ohio Supreme Court in 1892. Rockefeller retired as president in 1911. Also in 1911 the company was broken into separate corporations by an antitrust decision of the U.S. Supreme Court. At the peak of Rockefeller’s personal fortune was estimated at almost 1 billion dollars. Rockefeller founded the University of Chicago in 1892. Rockefeller died at the age of 97 on May 23, 1937, in Ormond, Florida. He was buried in Lake View Cemetery, Cleveland, Ohio.

Born in Richford, New York, on July 8, 1839, John Davison Rockefeller moved with his family to Cleveland, Ohio, at the age of 14. Let the record show him and his family were rather poor, and without the help of his pathetic father he was working at a young age. Unafraid of hard work, he was employed with

Rockefeller. A picture in my history book shows a group of people watching an old Rockefeller crouch over to accept a flower from a little girl. The caption reads "John D. Rockefeller, American industrialist and philanthropist, is caught doing one of his good deeds."

John Gross Barnard started his education in the town of Sheffield, Mass. At the age of twelve, he was sent away to continue his education under his older brother in Hartford, Conn. During this time his uncle was serving as the Secretary of War offered John an opportunity to continue his studies at West Point Military Academy.

A: Well, to start off, I was born in Richford, New York. Later as a kid when I was fourteen years old, I moved with my family to Cleveland, Ohio. I began some small business ventures when I was sixteen. My first real office job was an assistant bookkeeper with Hewitt and Turtle. Then, at age 20, I worked as a commission merchant in hay, meats and other goods with a business partner.

James Cash Penney was a well known business man and merchant. He was born on September 16, 1875 on a farm just outside of Hamilton, Missouri. Growing up, his father was a Baptist Minister and farmer who instructed his children to be firm believers in the Golden Rule. The Golden Rule was also known as treating others the way you would want them to treat you. His father also taught him self-reliance and the important value of money. After Penney graduated high school in 1893, he planned on attending college and becoming a lawyer. Due to financial problems, he worked on the family farm for two years. With the help of his father, he started working in a local dry goods and clothing store making twenty five dollars a month. Shortly after working there, his health had began to fail. He visited his doctor and his doctor told him he was likely to be influenced by tuberculosis and also told him to move to a more dry climate. Penney then moved to Colorado.

John D. Rockefeller was born July 8, 1839 in New York. He was a married man with a total of 5 kids with one of them dying at birth. His wife 's name was Laura S. Rockefeller and he married her in 1864. He always had a business mindset and he never strayed from hard work, he actually thrived on it. Even at a young age he started working harder than anyone in the room. This along with his natural talent for the business world made him a top competitor in any job he was willing to take on. Before Rockefeller had even had a job before he had walked around to local businesses and tried showing his potential and tried landing a job. He was turned down time after time but this did not