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John D.

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

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John D.

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  1. John D. Rockefeller Junwei Jiye Danny Oumou

  2. C ONTENTS 1 Who is John D. Rockefeller? 2 How did he start oil business? 3 Became successful business man 4 Conclusion

  3. 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

  4. P 1 art How did he start oil business? “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

  5. P 2 art Became successful business man • 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

  6. P 3 art Monopoly • Monopoly : A company controls the market • End of 1870s, Standard Oil gained almostcomplete control of oil refining and marketing (90%) in the U.S. • Standard Oil prospered and all its properties was merged in 1882 into the Standard Oil Trust controlled by Standard Oil.

  7. P 3 art Monopoly • 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

  8. 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 experiences and his contemporaries • In his 50s Rockefeller suffered from moderate depression and digestive • Rockefeller died of arteriosclerosis on may, 23,1937

  9. Thank You

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