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John D. Rockefeller

John D. Rockefeller was an American monopolist and philanthropist who founded the Standard Oil company. He was the world's first billionaire.

652 Questions

Who were the captains of industry and what was their industry?

The captains of idustry were millionaire who controlled a monopolized all industry in the country.

What was an effect of Ida Tarbell's writings on John D Rockefellar?

Ida Tarbell's writings exposed the unethical business practices of John D. Rockefeller and his company, Standard Oil, which led to increased public scrutiny and a government investigation. This ultimately contributed to the breakup of Standard Oil's monopoly under antitrust legislation.

How did John D Rockefeller take a different approach to business consolidation from the approach taken by Andrew Carnegie?

John D. Rockefeller focused on horizontal integration for business consolidation, primarily through the creation of the Standard Oil Trust, which aimed to control the oil industry by acquiring and merging with competitors. In contrast, Andrew Carnegie employed vertical integration, aiming to control every aspect of steel production, from raw materials to distribution. While Rockefeller's strategy centered on eliminating competition to establish monopolies, Carnegie's approach involved optimizing production processes and supply chains to increase efficiency and reduce costs. Both strategies were effective, but they represented fundamentally different philosophies of business growth.

How many trillionaires live in the us?

No one in the world has yet had a net worth of $1 trillion. However John D. Rockefeller can be considered the closest to becoming a trillionaire if his fortune from the time of his death in 1937 is inflated to current times which would make his fortune abour $660 billion

What was an important experence in john d Rockefellers life?

an important experece/event in john d. rockefellers life was creating the oil refinery

How much money is John D Rockefeller worth today?

John D Rockefeller is currently worth $663.4 billion in 2007 dollars.

What bad things was john d Rockefeller known for?

RAPE, drilling in the ground for oil, he loved the ground holes more than his wife

What was john d rockfeller cotributions to America?

John D. Rockefeller was a pivotal figure in American industry, best known for founding the Standard Oil Company, which revolutionized the petroleum industry and established practices for large-scale corporate management. His business acumen contributed to the growth of the U.S. economy in the late 19th and early 20th centuries. Additionally, Rockefeller was a significant philanthropist, contributing to education, public health, and scientific research through the establishment of institutions like the Rockefeller Foundation. His legacy is a complex blend of business innovation and social responsibility.

How did john d Rockefeller make fortune?

John Davison Rockefeller I (July 8, 1839 - May 23, 1937) was an American oil magnate. Rockefeller revolutionized the petroleum industry and defined the structure of modern philanthropy. In 1870, he founded the Standard Oil Company and aggressively ran it until he officially retired in 1897.

Why were Rockefeller and carnegie so successful?

because rockefeller started the standard oil company and carnegie started the carnegie steel company.

What are inventions that John D Rockefeller made?

John D. Rockefeller never really invented anything. He was actually the leader of the oil industry for a long time. He started his own company called "Standard Oil" which later broke off into Exxon Mobil and Chevron. He became one of the most richest men in America from buying out the whole oil industry and his competitors, and then raising his prices so that people would have to buy it from him.

What steps did John D Rockefeller take to amass his fortune?

That's a long story. The short answer is he slowly bought out oil refineries across the nation and consolidated them into a large conglomerate called Standard Oil... Which at it's height controlled the entire market, creating a Monopoly. A result of his actions made him one of the most wealthy entrepreneurs who ever lived.

What would john d Rockefeller sr be worth today?

John D. Rockefeller Sr., who was the founder of Standard Oil and is often regarded as the wealthiest American in history, had an estimated net worth of about $400 billion in today's dollars when adjusted for inflation. This figure reflects the massive wealth he accumulated during his lifetime in the late 19th and early 20th centuries. His financial acumen and the monopolistic practices of Standard Oil played a significant role in shaping the American economy. However, exact comparisons are challenging due to changes in economic conditions and wealth distribution over time.

What where failures of john d Rockefeller?

shot his mother and father because of alcohol abuse

How do you think the transcontinental railroad improved peoples lives?

It brought mail from the east to the west, and brought communication to the west so that people could get effort on helping the gold being transitioned for people to use as money.

Did Lincoln steffens become known for exposing Rockefeller's Standard Oil Company?

Ida M. Tarbell became known for exposing Rockefeller's standard oil company.