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John D. Rockefeller significantly contributed to America's economy and industrial landscape by founding Standard Oil, which revolutionized the petroleum industry and set standards for efficiency and innovation. His practices in business consolidation and vertical integration helped to lower oil prices and make energy more accessible. Additionally, through his philanthropic efforts, including the establishment of institutions like the University of Chicago and the Rockefeller Foundation, he funded advancements in education, science, and public health, leaving a lasting positive impact on society.
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Why was john d Rockefeller important to American history did he make a difference?
John D. Rockefeller was crucial to American history as the founder of Standard Oil and a pioneer in the oil industry, which played a vital role in the country's economic development. His business practices, including the use of monopolies and vertical integration, significantly shaped the modern corporate landscape. Rockefeller's wealth and influence also led to substantial philanthropic efforts, impacting education and public health. Thus, he made a lasting difference in both the economy and society.
Why did John D. Rockefeller make a monopoly in the oil industry?
Rockefeller believed that, "Competition is a sin." Yet he was also a philanthropist. Competition is good for a capitalistic society like the US. Competitors lower prices which draws the consumer to them. This doesn't sound like something a philanthropist, someone who loves all people and wants to help them, would say.
What are some bad things John Muir did?
John Muir didn't really do anything bad he did start violence but only to make the world a better place and it worked. Google him and find out is my advice to you.
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
Why did English settlers come to America?
The English settled in North America for a variety of reasons. Some wanted adventure in the New World. The pilgrims came to America for religious freedom.
What does John McCain want to do for America?
HE WANTS TO MAKE AMERICA BETTER
How did the use of a trust help John Rockefeller make money?
Hello
How did Rockefeller make His fortune?
John D. Rockefeller made his fortune in oil. He was the founder of Standard Oil Company and was also a philanthropist.
How much money did John D Rockefeller make a year?
1 billion
What did john d Rockefeller make?
he was the captain of the oil industry, if thats what you mean
Did John D Rockefeller make his fortune from steel?
No, he made a fortune from oil.
How did John D Rockefeller make his fortune?
John D. Rockefeller made his fortune from oil. He founded the company Standard Oil in 1870. Standard Oil became defunct in 1911.
How did John D Rockefeller make himself a millionaire?
John D. Rockefeller made himself a millionaire from all his achievements and businesses. His major achievement was the Standard Oil Company, which is what he is mainly remembered for.
What did john d Rockefeller do to make standard oil grow?
lowered the prie of oil
What did John D Rockefeller did to make standard oil grow?
lowered the prie of oil
Who said you have to break a few eggs to make an omelette?
Lenin or Karl Marx
How much money did john d Rockefeller make?
When he passed away at the age of 97 John D. Rockefeller had a net worth of $340 billion. He was the co-founder of the Standard Oil Company and the founder of the University of Chicago.
