Premium Only Content
![Captains of Industry (ep36) John Davison Rockefeller](https://1a-1791.com/video/s8/1/s/F/K/3/sFK3q.qR4e-small-Captains-of-Industry-ep36-J.jpg)
Captains of Industry (ep36) John Davison Rockefeller
John Davison Rockefeller Sr. (July 8, 1839 – May 23, 1937) was an American business magnate and philanthropist. He was one of the wealthiest Americans of all time and one of the richest people in modern history.
Rockefeller was born into a large family in Upstate New York who moved several times before eventually settling in Cleveland, Ohio. He became an assistant bookkeeper at age 16 and went into several business partnerships beginning at age 20, concentrating his business on oil refining. Rockefeller founded the Standard Oil Company in 1870.
He ran it until 1897 and remained its largest shareholder. In his retirement, he focused his energy and wealth on philanthropy, especially regarding education, medicine, higher education, and modernizing the American South.
Rockefeller's wealth soared as kerosene and gasoline grew in importance, and he became the richest person in the country, controlling 90% of all oil in the United States at his peak in 1900. Oil was used in lamps, and as a fuel for ships and automobiles.
Standard Oil was the greatest business trust in the United States. Through use of the company's monopoly power, Rockefeller revolutionized the petroleum industry and, through corporate and technological innovations, was instrumental in both widely disseminating and drastically reducing the production cost of oil.
Rockefeller's company and business practices came under criticism, particularly in the writings of author Ida Tarbell. The Supreme Court ruled in 1911 that Standard Oil must be dismantled for violation of federal antitrust laws. It was broken up into 34 separate entities, which included companies that became ExxonMobil, Chevron Corporation, and others—some of which remain among the largest companies by revenue worldwide.
Consequently, Rockefeller became the country's first billionaire, with a fortune worth nearly 2% of the national economy. His personal wealth was estimated in 1913 at $900 million, which was almost 3% of the US gross domestic product (GDP) of $39.1 billion that year.
-
LIVE
StoneMountain64
4 hours agoNew PISTOL meta is here?
541 watching -
20:58
Goose Pimples
6 hours ago7 Ghost Videos SO SCARY You’ll Want a Priest on Speed Dial
8651 -
DVR
The Nerd Realm
4 hours ago $0.47 earnedHollow Knight Voidheart Edition #09 | Nerd Realm Playthrough
5082 -
1:21:14
Awaken With JP
6 hours agoDrones are for Dummies - LIES Ep 70
91K38 -
1:47:29
vivafrei
4 hours agoJustin Trudeau Regime ON THE VERGE OF COLLAPSE! And Some More Fun Law Stuffs! Viva Frei
69.5K38 -
1:52:22
The Quartering
4 hours agoNew Brett Cooper Drama, Madison Feminist Manifesto, Sydney Sweeney Outrage & More
65.2K23 -
8:01
Breaking Points
5 hours agoWhy Japan Has ZERO Fat People And Other Lessons For USA
24.2K17 -
1:17:07
Vetted
12 hours agoRadioactive Material Lost in Transit, Drones Linked?
21.5K7 -
LIVE
SilverFox
22 hours ago🔴LIVE - Elden Ring ZERO HP play through - Part 2
326 watching -
LIVE
Phyxicx
5 hours agoBeating Ruby/Emerald Today - OG Final Fantasy VII - 100% Playthrough - 12/17/2024
55 watching