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Through use of the company's monopoly power, Rockefeller revolutionized the petroleum industry and, through corporate and technological innovations, was instrumental in both widely disseminating, and drastically reducing the production cost of, oil.
She taught John to work, to save, and to give to charities. By the age of 12, he had saved over $50 from working for neighbors and raising some turkeys for his mother.
- American Experience
May 14, 2018 · Industrialist. Philanthropist. John D. Rockefeller was one of the most successful industrialists in the history of the United States. His creation of the powerful Standard Oil Trust in the late nineteenth century permanently changed the course of business in the country.
- 1 min
- His father was a con artist and a bigamist. The tycoon’s father, William Avery Rockefeller, was a traveling snake-oil salesman who posed as a deaf-mute peddler and hawked miracle drugs and herbal remedies.
- Every year, Rockefeller celebrated the anniversary of landing his first job. On September 26, 1855, a Cleveland merchant company, Hewitt and Tuttle, hired the teenaged John D. Rockefeller as an assistant bookkeeper.
- He hired substitute soldiers to avoid Civil War combat. American Civil War History. Although he was a fervent abolitionist, Rockefeller did not take up arms when the Civil War broke out in 1861.
- Cleveland was the first epicenter of his oil empire. Shortly after the discovery of petroleum in Titusville, Pennsylvania, the 24-year-old Rockefeller entered the fledgling oil business in 1863 by investing in a Cleveland refinery.
Oct 19, 2016 · Young John grew up helping work the family farm and tending to his younger siblings. But he had his eye set on greater things, and earnestly desired to rise in the world. How he would do so was not immediately clear.
- Brett And Kate Mckay
Jun 3, 2022 · Updated Jun 3, 2022. 5 Lessons All Leaders Can Learn from John D. Rockefeller. On September 26, 1855, 16-year-old John D. Rockefeller got a job as a bookkeeping clerk. By 1916, the young man with humble beginnings had become America’s most successful businessman and the world’s first billionaire.
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Feb 3, 2017 · He found work as an assistant bookkeeper, where he would assist with keeping records of shipments and calculating the cost of transportation. He had been previously enrolled in a ten-week course designed to teach bookkeeping, and pretty soon he was finding it easy enough to do the job well.
