John D Rockefeller

By 26Vanno

  • John D Rockefeller

    John D Rockefeller
    • John Davidson Rockefeller
    • Born July 8, 1839 in New York
    • Died May 23 1937 in New York
    • Industrialist and Philanthropist
    • Son of a snake-oil salesman
    • Moved around a lot growing up
    • Eventually opened an oil refinery in cleveland, Ohio
    • Very Religious, Devout Baptist

  • Standard Oil

    Standard Oil
    • 1870, incorporated by John and associates like Henry M. Flagler
    • Bought out competitors
    • 1872, controlled all refineries in Cleveland
    • First American "trust". a committee with a board of 9 trustees with rockefeller as its head
    • 1882, near monopoly on all oil in America, owning around 90% of all refined oil -1890, Sherman Antitrust act -1892, Ohio supreme court declared standard oil a monopoly
    • forced the company into pieces: ExxonMobil, Marathon, Chevron, bp

  • Philanthropy

    Philanthropy
    • 1897, devoted himself to philanthropy
    • made the founding of the university of Chicago possible
    • Established the Rockefeller institute for medical research, now called Rockefeller University
    • Created the general education board
    • Funded education for African Americans
    • Supported the green revolution, greatly increased food yield
    • Funded medical research, breakthroughs like a vaccine for yellow fever
    • lead campaigns to eradicate diseases like hookworm, malaria, and yellow fever

  • Political Cartoon

    Political Cartoon
    • " The Trust Giant's Point of View"
    • this shows rockefeller lifting up the Supreme Court and studying them carefully and "feeding them" as in the background is The U.S Capitol made to look like a oil factory
    • this shows Rockefellers active involvement with the corruption in the government often bribing officials, avoiding any legal challenges to his monopoly, also allowing him to illegally dominate the railroad industry

  • Net Worth

    Net Worth
    • one of the richest men of all time
    • at its peak, in 1913 his net worth was $900 million
    • would be $29,000,000,000 today
    • this was about 2-3% of the US entire GDP
    • if someone today had 2-3% of the US entire GDP today they would have about $500 billion

  • Worker Treatment

    Worker Treatment
    Positives:
    - praised employees
    - believed in motivating workers through recognition
    - Regarded as fair employer, he was kind and friendly and didn't lose his temper
    Negatives:
    - workers outside the US were often put into poor and unsafe conditions
    - anti-union, often interfered with workers trying to organize for better conditions
    - Ludlow Massacre: 1914, immigrant workers in colorado in a Rockefeller owned mine went on strike due to poor conditions, national guard shot at them, 25 killed

  • Quote

    “ i believe in the dignity of labor, whether with head or hand; that the world owes no man a living but that it owes every man an opportunity to make a living” -

  • Impact on Society/ Industry

  • Connection to Today