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Rockefeller's Birth
Rockefeller was born on July 8th, 1839 in Richford, New York United States. Rockefeller's father was a person who traded in many goods including medicine, Rockefeller's mother was a strong and quiet baptist woman. -
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John D. Rockefeller
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Rockefeller's First Job
When Rockefeller was 20 years old he worked really hard at his job and ventured places with his partner along with him. He worked as a commission merchant in hay, meats, grains, and other goods. At the end of his's first year of working as a commission merchant he made a profit up to $450,000. -
Rockefeller coming in the Business of Oil
On August 27, 1859 America's first oil well was drilled in Titusville, Pennsylvania. In 1863 Rockefeller and his partners enters the oil business, investing in Cleveland refinery. In 1865 borrowed some money to buy out his partners and take control of the refinery which is the biggest refinery located in Cleveland, Ohio. -
Rockefeller Creates Standard Oil
In 1870 Rockefeller created the company of Standard Oil along with his younger brother William, Henry Flagler, along with another group of men. Rockefeller was the president and had the largest share hold of Standard Oil. With Standard Oil getting bigger and bigger they were able to buy out other competitors and becoming even bigger. -
The First Monopoly in America
With Rockefeller's new business of Standard Oil on the rise Rockefeller creates the first monopoly in America. Buying out his competitors and taking control of the oil business in the US. With Rockefeller creating the first monopoly in America it will serve as a guide for other business starting out and for bigger business's following his foot steps. -
Standard Oil on the Rise
Two years after Standard Oil was created Rockefeller all ready took over control over all the major refineries in Cleveland, Ohio. With the size and control that Standard Oil had they were able to make good deals with railroads to ship his goods. With the time of Rockefeller making deals with railroads he came up with his own way to ship his goods. He began investing in pipelines and terminals to ship his goods. Making Standard Oil even more powerful than before. -
Companies Coming Together as Standard Oil Trust
In 1882 a variety of companies came together and came up with Standard Oil Trust. Were they controlled 90% of nation's refineries and pipelines. Standard Oil did everything from make there own barrels and hire there own scientist to test their products. -
Sherman Antitrust Act
In 1890 the U.S Congress passed the Sherman Antitrust Act, it was the first federal legislation that does not allow trusts and combinations that would not allow trade. The Sherman Antitrust Act also went against monopoly's in the U.S -
Donations
Mid-1890 Rockefeller retired from doing day to day business with Standard Oil. Inspired by his fellow philanthropist Andrew Carnegie he decided to donate half a billion dollars to educational, religious, and scientific causes. With his funds he helped establish University of Chicago. -
The Government Attacks Standard Oil
In 1911 the U.S Supreme Court ruled Standard Oil violating against the Sherman Antitrust Act. Since Standard Oil was going against antitrust acts, they forced Standard Oil to take apart their company into smaller business's. -
Standard Oil's New Product
In 1932 Rockefeller found out that a substance that came from the oil while making it into Kerosene. He figured out that he could use this substance called gasoline could be used to fuel cars that Henry Ford was developing. -
Rockefeller's Death
Rockefeller died on May 23rd, 1937 in his winter home called The Casements in Ormond Beach, Florida United States. He died in his sleep from sclerotic myocarditis. He was buried at Lake View Cemetery in Cleveland, Ohio. He was hoping to live to the age of 100 before he died, he died two years and a month before he reached his goal.
