Saturday, November 3, 2012

John D. Rockefeller

July 8 1839 . his life was focused on the betterment of the us economy the support of promising business and the elevation of the standard of living in America. his father taught as much as he could to his kids. excellent numbers and his first paycheck he made charitable donations to charities. in 1859 he set out the company that would soon become standard oil. Begining of a new era in American society. he build an oil refinery and bought out his partners positioning himself to take full advantage of the post war prosperity and a westward expansion that would be made possible by the growth of railroads and an oil fulled economy.
In 4 months of smart investing and improving company efficiency standard oil absorbed 22 of its 26 Cleveland competitors in what was known as The Cleveland massacre.
Rockefelller witheld 1877 shipments that resulted the railroad selling all of its oil interests to Standard Oil. Starting a price war that the railroad could not win. Pennsylvania Railroad
Politicians, and competitors. criticized Standard Oil for its powerful nature of the company. However, from the point of view of the public, and American economy. Standard Oil was progress. Rockefeller's method of undermining competitors was largely based on his ability to improve efficiency and cut prices,making oil available to all Americans.
Rockefeller made frequent donations to organizations using his accumulated wealth to re invest in the progress of America.
he dedicated his live to good business.


Best Entrepreneurs; John Rockefeller, Andrew Carnegie, J. Paul Getty

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