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J.D. Rockefeller

Early LifeBorn- July 8, 1839 in Richford, New YorkSecond of six childrenHis father owned farm property and traded in many goods, including lumber and patent medicines (traveling salesman)Stay at home momReceived

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Слайд 1J.D. Rockefeller
By: Alex Dikov

J.D. RockefellerBy: Alex Dikov

Слайд 2Early Life
Born- July 8, 1839 in Richford, New York
Second of

six children
His father owned farm property and traded in many

goods, including lumber and patent medicines (traveling salesman)
Stay at home mom
Received unusually good education for the time period

Early LifeBorn- July 8, 1839 in Richford, New YorkSecond of six childrenHis father owned farm property and

Слайд 3Early Life Cnt.
His mother was very religious and very disciplined.

She taught John to work, to save, and to give

to charities
In school, John was very good at math
Found work as a produce clerk at age 16
Formed a partnership at age 19

Early Life Cnt.His mother was very religious and very disciplined. She taught John to work, to save,

Слайд 4Early Business
Formed a partnership with a neighbor, Maurice Clark. Each

man put up $2000 and formed Clark & Rockefeller
They

were commission merchants in grain, hay, meats, and miscellaneous goods.
The commission merchant business was very competitive and Clark & Rockefeller’s success was due in large part to Rockefeller’s natural business abilities
Early BusinessFormed a partnership with a neighbor, Maurice Clark. Each man put up $2000 and formed Clark

Слайд 5Big Business
During the Civil War Rockefeller branched out into oil

refining with Samuel Andrews
Within two years Rockefeller became senior partner;

Clark was bought out, and the firm Rockefeller and Andrews became Cleveland's largest refinery
Rockefeller survived the bitter competition in the oil industry.
The Standard Oil Company was formed by Rockefeller, his brother, and Andrews
Standard Oil controlled one-tenth of American refining, the competition remained
By 1879 he was refining 90 percent of American oil
Big BusinessDuring the Civil War Rockefeller branched out into oil refining with Samuel AndrewsWithin two years Rockefeller

Слайд 6Big Business Cnt.
Standard Oil was stationed in Cleveland, Ohio
Built his

business around horizontal integration- buying all like-minded businesses
He used secret

rebates in order to cheaply transport his oil which was later broken up by the Antitrust Act in 1892
Rockefeller understood that the only way to make profits consistently in oil refining was to make the business as large as possible and to utilize all their "waste" products.
Big Business Cnt.Standard Oil was stationed in Cleveland, OhioBuilt his business around horizontal integration- buying all like-minded

Слайд 7Philanthropist
When he retired he established and gave money towards universities

and education
The University of Chicago was his first major philanthropic

creation
He also helped set up many foundations
When he died, he had given most of his weath to his son
Through Rockefeller's foundation, more wealth has been dispersed than Rockefeller personally earned during his lifetime
PhilanthropistWhen he retired he established and gave money towards universities and educationThe University of Chicago was his

Слайд 8[Political Cartoon]
With a globe in hand and a crown on

his head, Rockefeller is pictured as king of the world

and in complete control because of his Standard Oil.
The lamp in his hand signifies the oil that was produced for people to light up their homes.
By sitting on top of the oil barrel, Rockefeller is depicted as crushing all the other companies with his powerful monopoly.
Being on top of what he controls also shows the monopoly in Standard Oil.
[Political Cartoon]With a globe in hand and a crown on his head, Rockefeller is pictured as king

Слайд 9Work Cited
"American Experience The Rockefellers People & Events." PBS: Public

Broadcasting
Service. Web. 03 Feb. 2012.

To Billionaire." Investopedia – The Web’s Largest
Investing Resource. Web. 03 Feb. 2012.
.
"John D Rockefeller Biography - Facts, Birthday, Life Story - Biography.com.“
Famous Biographies & TV Shows - Biography.com. Web. 03 Feb. 2012.
.
"John D. Rockefeller Biography - Life, Family, Childhood, Children, Wife, School,
Mother, Young, Information, Born." Encyclopedia of World Biography. Web.
03 Feb. 2012. John-D.html>.
"V FOR VINDICATED." WELCOME ULTRAGODS! (and SLAVES). Web. 03 Feb. 2012.
.




Work Cited

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