John Rockefeller And The Oil Industry

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Recommended: John D. Rockefeller Influence

Abby Slate
Mrs. Bartels
Period 7
7 May 2014
John D. Rockefeller and the Oil Industry
John Davison Rockefeller, Sr. was an American business tycoon and philanthropist. He was a part of the first great U.S. business trust which dominated the oil industry, the Standard Oil Company. Rockefeller transformed the petroleum industry and, with other current industrialists, defined the organization of modern philanthropy. He co-founded Standard Oil Company in 1970 and controlled it until his retirement in 1897. Rockefeller’s political, social and economic advances can all be traced back to his exposer to influential work and people, and his ability to express what he wanted.
Born in the early Victorian Era in Richford, New York, John Rockefeller was already prepared for success. Child of European immigrants who worked hard for what they wanted, Mr. and Mrs. Rockefeller were able to teach young John nature and necessity; "willful waste makes woeful want.” Rockefeller was a well-mannered, somber, and studious teenager. His colleagues described him as reserved, intense, spiritual, logical, and ...

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