john d
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John D. Rockefeller. Junwei Jiye Danny Oumou. C. ONTENTS. 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 - PowerPoint PPT PresentationTRANSCRIPT
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