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5 days ago · John D. Rockefeller was an American industrialist and philanthropist, founder of the Standard Oil Company, which dominated the oil industry and was the first great U.S. business trust. He is the major historical figure behind the famed Rockefeller family and widely considered the richest American.
Standard Oil was the greatest business trust in the United States. 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.
- John Davison Rockefeller, July 8, 1839, Richford, New York, U.S.
- Rockefeller family
Apr 9, 2010 · John D. Rockefeller (1839-1937), founder of the Standard Oil Company, became one of the world’s wealthiest men and a major philanthropist. Born into modest circumstances in upstate New York,...
Jul 10, 2019 · Janet Ogle-Mater. Updated on July 10, 2019. John D. Rockefeller (July 8, 1839–May 23, 1937) was an astute businessman who became America’s first billionaire in 1916. In 1870, Rockefeller founded Standard Oil Company, which eventually became a domineering monopoly in the oil industry.
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.
What makes oil stand out is that it happened by design -- as the result of a plan formulated by a single person — John D. Rockefeller. During 1871, Rockefeller formulated his plan for consolidating all oil refining firms into one great organization with the aim of eliminating excess capacity and price-cutting.
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