John D.Rockefeller

J u n w e i

J i ye

D a n ny

O u m o u

CONTENTS

1 Who is John D. Rockefeller?

2 How did he start oil business?

3 Became successful business man

4 Conclusion

Who is John D. Rockefeller?

• July 8,1839– May 23, 1937• Born at Richford, New York• Co-founder of Standard Oil

Company• First man who worth more

than a billion dollars• Philanthropy• His goal were to make $

100,000 and to live 100 years

PartHow did he start oil busi-

ness?

1“The secret to success is to do the common things uncommonly well.” - John D. Rockefeller

- Went into the produce commission commission company with a partner

- Built an oil refinery

- Bought out the Clark brothers

- The firm of Rockefeller, Andrews &

Flagler was established

- Formed Standard Oil of Ohio

PartBecame successful business man

2

• One of the largest shipper oil and keros-

ene in the country

• South Improvement Company

• Own pipelines, tank cars, home delivery

network( transport oil)

• Absorbed Competitors

• Low oil prices , reduce freight payment

Part Monopoly3

• Monopoly : A company controls the

market

• End of 1870s, Standard Oil gained almost

complete control of oil refining and mar-

keting (90%) in the U.S.

• Standard Oil prospered and all its prop-

erties was merged in 1882 into the

Standard Oil Trust controlled by Standard

Oil.

Part Monopoly3• 20,000 domestic wells, 4,000 miles of

pipel-ine, 5,000 tank cars, and over 100,000 em-ployees

• Legislatures had difficulty to made rules in every state

• In 1911, the Superme Court of the United States ordered Standard Oil Company to broken up into 34 new companies

• Held over 25% of Standard Oil's stock

Conclusion

• Rockefeller had a long and controversial career in the oil

industry followed by a long career in philanthropy

• His image was viewed as an amalgam of all of these ex-

periences and his contemporaries

• In his 50s Rockefeller suffered from moderate de-

pression and digestive

• Rockefeller died of arteriosclerosis on may, 23,1937

ThankYou