Standard Oil Essays

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    Standard Oil was founded by John D. Rockefeller, later developing into what others have called an empire of oil. As the company grew it started gaining more control over the oil industry until eventually Rockefeller had almost zero competition; becoming one of the monopolies that were taking over America society. Slowly Standard Oil started controlling more aspects of American life, concerning anyone who understood the implications of this. Udo J. Keppler illustrated a political cartoon, which was

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    The Standard Oil Company headed by John D. Rockefeller and Henry M. Flagler is one of the most well known monopolies to have ever existed. Dominating the oil industry during the industrial revolution, Standard Oil was the first corporation to use the trust system and grew into a national oil corporation that eventually controlled a majority of the United States oil industry. Though no longer existing, the lasting impacts of Standard Oil and its founders can still be seen today. Established in Ohio

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    Standard Oil Monopolies

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    large monopolies that positively impacted the United States economy is Standard oil and Steel Company. Standard Oil Company, America’s first successful multi-national

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    John D. Rockefeller was the founder of Standard Oil in which then became one of the wealthiest men in the world. Rockefellers ongoing funding as a philanthropist and trust in oil is how the man's name still lives on to this day (The Rockefeller Archive Center). For thousands of years oil has been a main resource for human consumption, and remains the same. Rockefeller has made an impact on the industrial revolution by changing and monopolizing the oil industry to bigger and better ideas. His

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    D. Rockefeller lived a long and prosperous life, becoming the richest man to ever live even today. Rockefeller started out by investing in an oil refinery located in cleveland, Ohio. He eventually founded his own oil company called Standard Oil. His business methods were debatable, however, with critics saying he is unethical in his practices. Standard Oil was eventually found guilty of breaking anti-trust laws. He was also the first person to create a monopoly which he succeeded in since he controlled

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    from railroads, lowered prices to cut out competitors which then he bought them out, increase efficiency, and utilized all waste. The goal with standard oil was to control and calm a very chaotic oil business. He then ended up buying the majority of the refineries around Cleveland and then take apart the bad ones and upgrades the better ones to his standards. There was some positive impact

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    to American society clearly outweigh those negatives. The Captains of Industry quite literally revolutionized the American way of life that gave the U.S. the highest standard of living in the world prior to the outbreak of World War I. This was made possible due to the emergence of corporations in areas such as finance, steel, oil, and railroads. When these men combined with other factors, such as the mechanization of agriculture, immigration, migration,

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    was a ruthless oil company that achieved its monopoly through aggressive and often illegal business practices. The company frequently purchased competitors, undercutted prices, and made shady deals with the railroads for their monopoly to succeed. Ida Tarbell, an American teacher. Author, and journalist, being personally affected by the Standard Oil Company was picked by her at the time job, McClure’s Magazine to investigate about the company. Her article, “History of Standard Oil Company, raised

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    Sherman Anti-Trust

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    Sammy Friedman Mr. Di Bartolo Term Paper The Standard Oil Company, founded in 1870, was one of the most notable companies in American history. Its success was unprecedented, and its effects on the American economy and way of business were powerful and lasting. Founded and expanded by John D. Rockefeller, the Standard Oil Company absorbed almost all other oil companies in the country and consolidated all of them under one “trust.” It then chartered several smaller branches in different states, such

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    HOW DID JOHN D ROCKEFELLER IMPACT THE DEVELOPMENT OF THE MODERN OIL INDUSTRY DRAFT MIKAEEL MOTI   A. Summary of Evidence: John D. Rockefeller was an entrepreneur in the United States who established a fortune by maintaining control of the oil trade in the United States from the late 1800s to the early 1900s. He is an American National icon and is largely credited for pioneering the modern oil trade and shaping it into the industry it is today. In 1865 Rockefeller borrowed money in order to buy

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    a ruthless entrepreneur who made a deal with a billionaire (by today’s standards), Cornelius Vanderbilt. Cornelius Vanderbilt was a very wealthy man by his invention of railroads. When Vanderbilt saw a demand for oil, he turned to John D. Rockefeller to make a deal in which his trains get filled with Rockefeller’s oil. However, when Rockefeller saw opportunity strike for his industry, he invented pipelines that carried his oil throughout the United States. By Rockefeller performing this act, he became

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    A “robber baron” is defined as one who uses immoral methods to get rich. John D. Rockefeller, king of oil and the owner of the Standard Oil Company, was known for these unscrupulous tactics. Rockefeller’s peculiar ideas of the “law of nature” in accordance with his “primitive savagery” allowed this stealthy businessman to manipulate his way to the top. Although Rockefeller’s oil monopoly attributed to the wealth of the American economy, he destroyed the morality of modest men to accomplish ultimate

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    but he also made a big impact on the US during his time. During the 1800s, John D. Rockefeller developed the US through three different ways. These three ways were his Standard Oil Company, his business techniques, and his career in philanthropy. The first way that Rockefeller developed the US in the 1800s was through his Standard Oil Company. In 1865, Rockefeller obtained a loan, allowing him to take over the biggest refinery in Cleveland. Over time, his business was expanding,

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    John D. Rockefeller practically lit up the country with his company, Standard Oil. In eighteen-seventy Rockefeller started his company with a group of men, although he was the president considering he was the largest shareholder. His company founded the chemical that was the was very flammable, called Kerosene, that was put into lanterns or streets to help light your home and make the street more visible. Standard Oil began to buy out other companies and began to sell and distribute their products

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    country. Rockefeller entered the fledgling Oil industry in 1863, by investing in a factory in Cleveland, Ohio. In 1870 Rockefeller established the Standard Oil Company. With the establishment of the oil company Rockefeller controlled 90% of the oil business in America by 1880. Coming with a successful business is people trying to find faults in your greatness. Rockefeller was a Captain of Industry, he helped improve the inventions we already had by making oil more readily available. By doing this

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    John Davison Rockefeller. He was the founder of the Standard Oil Company. And he also had become one of the world’s wealthiest men and also a major philanthropist. He had entered the oil business in 1863 by investing in a refinery in Cleveland, Ohio. He finally established Standard Oil in 1870, which controlled 90 percent of U.S. refineries and pipelines by 1870. Many critics had accused “Rockefeller of engaging in unethical practices, such as predatory pricing and colluding with railroads to eliminate

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    't have much money. Rockefeller made money by raising turkeys and doing small jobs for people he knew. He became an office clerk at the age of 16 deciding to be a businessman. Later on in life he opened his own commission firm. That year the first oil well was drilled and Rockefeller

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    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

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    way up higher and higher until he got a job at the Pennsylvania Railroad. Working here taught him much. He learned about the railroad industry and even more about business in general.(Biography.com, Carnegie) He was smart and made investments in the oil business. THis proved to be a wise choice as it soon led to great amounts of profit for him. He eventually left the railroad company and focused his time on the steel business. His business would later be known as Carnegie Steel. The strategy Carnegie

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    Ida M. Tarbell

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    corruption was rampant. Ida M. Tarbell not only broke gender roles she exposed the corruption of Standard Oil; the result was new government regulations. Where did this remarkable woman come from? Where did Ida’s passion to expose Standard Oil come from? She was born in Hatch Hollow Pennsylvania in a humble log cabin. The oil industry had a strong presence there and eventually her father entered the storage and oil refinery business. Life was good for the Tarbell’s In Ida’s words, “There was such ease

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