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John D. Rockefeller Essay

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Oil has always been a coveted natural resource. Oil was discovered in the United States in 1859; since it was a young industry, it was without any structure. That is where John Davison Rockefeller stepped in. John Rockefeller was at one point one of the richest men in the world, monopolizing the oil industry which played a major role in shaping the economy.
John D. Rockefeller was born on July 8, 1839 in Rickford, New York. He grew up in a very poor family. His father was William Avery Rockefeller. He claimed to be a doctor, who for $25 would cure various diseases. His mother was Eliza Davison Rockefeller. She was the role model who taught Rockefeller his values and morals (Poole). John Rockefeller was the second child. Altogether he had five brothers and sisters (Outman 139). As a child he was very business smart. At the young age of 12 he loaned $50 to a famer. He charged a 7% interest. When he was older he said this about the business deal, “The impression was gaining ground with me that it was a good thing to let money be my servant and not make myself a slave to money” (Poole).
To be a good business man it is important be highly educated. John D. Rockefeller went to middle school at Owega Academy in Owega, New York. He exceled at preforming difficult math problems in his head. In all his other classes he was an average student. He attended high school in Cleveland, Ohio. He exceled in math and was on the debating team. His school emphasized public speaking which would help him later in life. When he graduated from high school he went on to college. He attended a ten week college called Folson’s Commercial College. Some of his studies included bookkeeping, penmanship, business history, banking, and exchange just to nam...


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...ichest men in the world, monopolizing the oil industry, which played an important role in shaping the economy. In today’s oil business Rockefeller’s effect can still be seem in business strategies, values, and competitive logic. The oil business is now structured and very competitive. It also plays many important roles in the economy.



Works Cited

Morris, Joe Alex. “The Rockefellers”. Saturday evening post 223.27. (1950): 14-16. Master file premier. Web. 31. Jan. 2014.
Outman, James and Elizabeth Outman. “John D. Rockefeller.” Industrial Revolution Biographies. Farm Hills: Thomson Gale, 2003. 139-147. Print.
Poole, Keith, “Biography John D. Rockefeller.” Public Broadcasting Service. 2012. July 2012. Web. 26. January. 2014.
Pratt, Joseph A. “Exxon and the Control of Oil.” Journal of American History. 99.1 (2012): 145-154. Academic search elite. Web. 26. Jan. 2014.



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