John D. Rockefeller

John Davison Rockefeller I (July 8, 1839 - May 23, 1937) was an American oil magnate, the richest man on the planet for a certain period of time and the establisher of Exon Mobil.

John D. Rockefeller is important because by the early 1880s standard oil controlled about 90% of an oil business , which he discovered. Rockefeller saw a great opportunity to start this business. In Cleveland, Ohio, he built his 1st oil refinery.

Standard Oil Company

John D. Rockefeller died on May 23, 1937 at the age of 97.

John D. Rockefeller was worth approximately $1.4 billion when he died in 1937. Today

Rockefeller's personal fortune would be worth an astounding $190 billion, making Gate's $60 billion slightly more than pocket change for Rockefeller!"

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Rockefeller lived in Richford, New York and lived in New York for most of his life. John D. Rockefeller spent his winters at a mansion in Florida called The Casements. He bought the place in 1918 when he was 78 years old.

He is famous for over ruling other oil companies and had many monopolies, and he owned several oil districts.

Yes, John Rockefeller Sr. (1839-1937) was the founder of Standard Oil in 1870, and director of many corporations. He was the wealthiest man in the world, with an historical net worth of more than a billion dollars ($336 billion USD in 2013 dollars).

By buying competing refiners, improving the efficiency of his operations, pressing for discounts on oil shipments, undercutting his competition, and buying them out

In 1866, his brother William Rockefeller built another refinery in Cleveland and brought John into the partnership. In 1867, Henry M. Flaglerbecame a partner, and the firm of Rockefeller, Andrews & Flagler was established. By 1868, with Rockefeller continuing practices of borrowing and reinvesting profits, controlling cost and using refineries' waste, the company owned two Cleveland refineries and a marketing subsidiary in New York; it was the largest oil refinery in the world. Rockefeller, Andrews & Flagler was the predecessor of the Standard Oil Company.

By the end of the American Civil War, Cleveland was one of the five main refining centers in the U.S. (besides Pittsburgh, Philadelphia, New York, and the region in northwestern Pennsylvania where most of the oil originated). In June 1870, Rockefeller formed Standard Oil of Ohio, which rapidly became the most profitable refiner in Ohio. Standard Oil grew to become one of the largest shippers of oil and kerosene in the country. The railroads were fighting fiercely for traffic and, in an attempt to create a cartel to control freight rates, formed the South Improvement Company, in collusion with Standard and other oil men outside the main oil centers. The cartel received preferential treatment as a high-volume shipper, which included not just steep rebates of up to 50% for their product, but also rebates for the shipment of competing products. Part of this scheme was the announcement of sharply increased freight charges. This touched off a firestorm of protest from independent oil well owners, including boycotts and vandalism, which eventually led to the discovery of Standard Oil's part in the deal. A major New York refiner, Charles Pratt and Company, headed by Charles Pratt and Henry H. Rogers, led the opposition to this plan, and railroads soon backed off. Pennsylvania revoked the cartel's charter and equal rates were restored for the time being.

Her name wasLaura Celestia Spelman. She was born on September 9, 1839, and died on March 12, 1915.

John D Rockefeller was worth $1.4 billion at death and is currently worth $663.4 billion in 2007 dollars.

He had a oil company

Reducing the price of goods and services to the consumer.

He bought out other companies so he could be number one and he formed the standard oil company

4 daughters and 1 son

He was famous because he as a person has a good heart. He started out small and grew big, but remained humble. He never forget to look back to poor people and that's what i guess made him great. Helping other people without asking for something in return. He was famous because he as a person has a good heart. He started out small and grew big, but remained humble. He never forget to look back to poor people and that's what i guess made him great. Helping other people without asking for something in return. He was famous because he as a person has a good heart. He started out small and grew big, but remained humble. He never forget to look back to poor people and that's what i guess made him great. Helping other people without asking for something in return. He was famous because he as a person has a good heart. He started out small and grew big, but remained humble. He never forget to look back to poor people and that's what i guess made him great. Helping other people without asking for something in return. He was famous because he as a person has a good heart. He started out small and grew big, but remained humble. He never forget to look back to poor people and that's what i guess made him great. Helping other people without asking for something in return.

Standard Oil Company

Frederick Taylor Gates' born 1853, died 1929, was a baptist minister from upstate New York who became the chief advisor to John D Rockefeller regarding philanthropy. He was largely responsible for Rockefeller's establishment of the University of Chicago, medical Research institutions, and designed the Rockefeller Foundation. John D. once said that Gates was the greatest businessman he had ever known, and placed him on the boards of several Rockefeller owned companies. There is no credible evidence that he is related to Bill Gates, of Microsoft fame. Gates shared Rockefeller's belief in the Protestant work ethic Expressed by John Wesley -- "Gain all you can, save all you can, give all you can."

Rockefeller was a very good business man who some considered to be a robber baron and others thought he was a captain of industry. Basically he wanted to become the (or monopoly) that way he could charge what ever prices he wanted. The biggest reason that he got as rich as he did was because he made a deal with a railroad company to transport his oil for a cheaper price and he would give the railroad some of the profit. Since other businesses didn't have deals like Rockefeller, his oil was cheaper so many people purchased his putting other oil companies out of business. This allowed him to rise to the top of the oil industry.

Well, to be more accurate, he built every oil field in the world except 2, which were built by Britain. His company, Standard Oil had NO competition. And to be more precise, he didn't use horizontal integration, he used verticle integration.

• John D. Rockefeller, Sr. (1839-1937), founder of the Standard Oil Company and the six-generation family dynasty, and the richest person in history

He is worth an estimated 1 billion.

corporate tax

John Rockefeller(1839-1937) was founder of Standard oil and one of the world's largest petroleum company and made a fortune between 1863-1882 with near monopoly business in oil.