John D. Rockefeller: The Captain Of Industry

John D. Rockefeller was the founder of the Standard Oil Company and became one of the wealthiest men of his time. His company was the major leader of the oil business in the United States during his reign. Standard Oil company served as a prime example of how companies should function, which helped to guide others to follow in his footsteps. He was a major philanthropist and used his large fortune to fund many philanthropic causes. His donations helped pay for the creations of the University of Chicago, the Rockefeller University, the establishment of Central Philippine University, and many others. Many of today’s accomplishments would not have been possible without him and his actions.

By keeping his prices low, Rockefeller strategically lured in customers. “Rockefeller demanded rebates, or discounted rates, from the railroads. He used all these methods to reduce the price of oil to his consumers.” (Source 1 “the New Tycoons- John D. Rockefeller”) Rockefeller did whatever it took to make

John. D Rockefeller was one of the most successful Robber Barons in American industrialism. Born on July 8, 1839, in Richford, New York. He was the eldest son; second born; of six children. Attending Oswego Academy and then changing to Central High School, he attended only a single business class at Folsom Mercantile College. Rockefeller’s first establishment was a commission business dealing with hay, grain, meats, and a wide variety of other selections. Rockefeller was an American industrialist and philanthropist. He was a founder of the Standard Oil Company. Within two years of building his first oil company, he was the largest oil association. Thereafter he would begin to devote himself solely to his oil business. As his business began progressing in size, he would continue expanding his fortunes by buying out any competitors until 1877,

During the 19th century, industrialization impacted the United States in many way. Industrialists, like John D. Rockefeller, owned or were involved in management of an industry. At the time, these agents were considered a “Robber Baron,” while others were considered a “Captain of Industry.” However, many were considered good because they were philanthropists.

Was John D. Rockefeller a robber baron? I’d say so. Through ruthless business tactics and exploitation of workers, he made a fortune in his lifetime. In this paper, I’m going to be talking about said business tactics and exploitation. If you believe Rockefeller was just a good business man who donated to the poor, I hope your view will be changed by the end.

Rockefeller had an admiration for his integrity as a businessman and had a strong calling to his faith. His mother was a key role in his growth in faith and his father had taught him the importance of saving money. His values had always been grounded in tending to those who are less fortunate and quickly gain his respects to the business of producing oil. He had always had a fascination with oil and one of the members of his church, Samuel Andrews, who was an investor in oil. Both Andrews and Rockefeller joined together to make the business which would be called the Standard Oil Company. Rockefeller states that, “We must ever remember we are refining oil for the poor man and he must have it cheap and good” (Folsom, 2010, p. 83). In the market for oil, prices were not consistent, and Rockefeller was determined to remove any unnecessary aspects and use oil efficiently to mass produce and provide at the lowest cost. The work it took Rockefeller to offer the availability of oil allowed his market entrepreneurial persona to succeed within the process of creating a remarkable product that created the wealth of the oil

In 1870, Rockefeller formed the Standard Oil Company of Ohio, along with his younger brother William (1841-1922), Henry Flagler (1830-1913) and a group of other men. John Rockefeller was its president and largest shareholder.

Rockefeller died May 23, 1937 in Ormond Beach, Florida. His legacy continues on forever from generations upon generations. John D. Rockefeller had only one son and his name John Jr. Junior took off after his dad to be a major philanthropist. For every birthday that John Jr. was away John Sr. wrote a letter describing how everything is going, and gives him money. Jr. promoted and motivated his father's ideas to the society. John Jr. kept the organizations and schools up and also, created an organization for the United States Service. This, organization help with soldiers coming back from World War II. John used the foundations that his dad started to, donate three hundred million dollars to help the men and women fighting for our country. John D. Rockefeller Sr. was devoted to wildness and seeing the beautiful scenery. John Jr. then donate for conservation plans, the donations went from Yosemite National Park in Maine to Acadia National Park in California. To keep a legacy going it takes work and that was one thing John D. Rockefeller Sr. was not scared to do (Wooster, Martin

Born in Richford, New York in 1839, John Davison Rockefeller was the second child of his parents and had five siblings. He did not have an easy and wealthy childhood as his father was a part-time salesman and a full-time philanderer. Therefore, his mother always struggled hard for their livelihood and her first son had to stay away from his family to make more money for lengthy periods.

Andrew Carnegie was a captain of industry.He started from the humble background of Dunfermline, Scotland. His companies allowed for the heating of millions of homes and the construction of thousands of skyscrapers in America. He gave immigrants and American citizens working opportunities in the booming cities. While being the head of great businesses, Andrew generously donated millions of dollars to the sciences, the building of libraries and even gave over $10 million worth of pension money to teachers throughout America. Was Andrew Carnegie a generous benefactor or, perhaps, a money hungry robber baron? Andrew donated millions from his fortune to help the lives of the growing American population. His products help

Rockefeller was the most successful human being in this time period, he owned The Standard Oil Company. His company was destroying all other oil companies, he was living the life everyone dreams of. This is all before Ida Tarbell was able to put her word in. Ida moved to Paris after a few years after college, there she joined to the McClure’s Magazine company. This is where her popularity begun. She first wrote about Abraham Lincoln, and Napoleon Bonaparte(Biography.com). After that she began to write about the corruption of the Standard Oil Company, from then John D. Rockefeller lived in fear. On top of her writing articles she went and got all the information, she invented investigative journalism. This means she investigated her topics rather than read books about it. Her most famous article was called History of Standard Oil Company this was later turned into a book. In this book she writes “So long as the Standard Oil Company can control transportation as it does to-day, it will remain master of the oil industry, and the people of the United States will pay for their indifference and folly. . . .”(Tarbell). After years of battling the Standard Oil Company they were brought to the supreme court and in 1911 The Standard Oil Company was shut down because it was under violation of the Sherman Antitrust

These men are Captains of Industry because they donated millions of dollars to schools, museums, and clinics. John Rockefeller donated 100s of millions of dollars to schools and research. Rockefeller donated 75 million dollars in total to Chicago throughout a span of a few years (reading). Rockefeller gifted 50 million dollars to the Rockefeller Institute for Medical Research(reading). In 1919 Rockefeller 50 million dollars to the board to raise academic salaries(reading). In 1913 the Rockefeller Foundation was officially established and Rockefeller donated 250 million dollars to the Foundation(reading). George Eastman donated millions of dollars as well. Eastman donated 20 million dollars to M.I.T.(website). Then he donated another 30 million

By 1882 he had a near-monopoly of the oil business in the U.S. He was able to keep his oil prices low. With that, many more people were consuming his product preferring it over the other oil companies. With cheap oil it had helped to fuel the popularity and accessibility of cars for the growth in the middle classes. Rockefeller also impacted America by provide jobs for the unskilled workers. John D. Rockefeller was also a renowned philanthropist. Most of his charity went to the church. He also donated to educational institutions, public health causes, and medical science researches along with many others. He donated $80 million to the University of Chicago, converting it into a top-notch institution. He also founded the Rockefeller Institute for Medical Research and established the Rockefeller Foundation (Rockefeller Biography). In his lifetime he had donated $540 million to numerous organizations, such as, colleges, and war relief

John D Rockefeller was born in 1839 in New York to Bill and Eliza Rockefeller. From a very young age his father taught him to be smart and cunning in every deal, and also not to trust anyone in his life including his father and His mother was a fervent Baptist and tried to instill in him the importance of being a good Christian. At a young age he developed interest in entrepreneurship, he later found out that he loved bookkeeping, and became an assistant bookkeeper at the age of 16. At age 20, he started a business with a partner dealing in wholesale foods. His next business venture was an oil refinery, the need for crude oil grew during the period as whale oil became more scarce and expensive. This was the beginning of his journey that would eventually make him the world richest man. He is the founder of

Over the course of the late nineteenth century and the early twentieth century, the objectives of philanthropy turned to a new chapter. The definition of philanthropy today is: ¨goodwill to fellow members of the human race; especially : active effort to promote human welfare¨ (Merriam-Webster Dictionary). Led by Andrew Carnegie, philanthropy’s basis changed from focusing on major objectives to focusing on individual objectives. The evolution of philanthropy in the twentieth century, changed the objectives of philanthropy today. The philanthropy evolution and the creation of new groups, tie with what philanthropy developed into during the twenty-first century.