John D. Rockefeller's Impact On The Oil Industry

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John D. Rockefeller was a very important man who helped build our country. He contributed to making the world as it is today. John D. Rockefeller was a very determined businessman, who got what he wanted most of the time. Even if he was harsh, he transformed the world into a better place, with lots more of technology. From all this hard work, he was among the richest men to ever live.
John D. Rockefeller was born in New York, and grew up into the oil industry. He was a very religious man, too. Ever since he was a boy, he was always great with numbers. After he graduated high school, he went on to take a course about bookkeeping, and discovered he was an exceptional accountant. He set huge goals for himself when he was young, and planned to achieve them by the time he died. He first went into the oil business and began to invest in the Cleveland, Ohio refinery. He expanded his industry a massive amount with the help of a few friends. He then established standard oil in the year of 1870, and controlled almost 90 percent of U.S. refineries, along with their pipelines. As his monopoly began, he gained more and more wealth. He was very determined to be the man to come out on top and beat all of his competition. He also helped in the making of the kerosine lamp. This immediately …show more content…

He contributed a great amount to the way businesses are run today. In his day, the world seemed to be run on monopolies. As people saw that this was unfair, they ruled him out, and demanded better business. By doing this, monopolies were ended, and many other smaller companies were formed. In the long run, this helped more people because rather being focused on one man, the companies were focused on their workers as well. In the world today, there are still major businesses, but majority of businesses are much smaller, and not attempting to take over everything. Without Rockefeller, America would not be the same as it is

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