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John D. Rockefeller

John D. Rockefeller. Laura Kuklase 10D. Who was he?. July 8, 1839 – May 23, 1937 world's richest man American industrialist revolutionized the petroleum industry defined the structure of modern philanthropy. Early life. Family – trace his roots back to French (5 brother /sister)

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John D. Rockefeller

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  1. John D. Rockefeller Laura Kuklase 10D

  2. Who was he? • July 8, 1839 – May 23, 1937 • world's richest man • American industrialist • revolutionized the petroleum industry • defined the structure of modern philanthropy

  3. Early life • Family – trace his roots back to French (5 brother /sister) • Father – lumberman, traveling salesman • Young John – household chors, raising turkeys, selling potatoes and candy (extra money), well-behaved, serious and studious boy • an excellent mind for numbers and detailed accounting. • 1851 - family moved to New York • founder of both the University of Chicagoand Rockefeller University • In 1864 – married Laura CelestiaSpelman • four daughters/one son

  4. Rockefeller, age 18 Rockefeller family

  5. Early buisness career • produce commission business – partner, Maurice B. Clark • raised $4,000 in capital • built an oil refineryin 1863 • bought out the Clark brothers for $72,500 at auction • established the firm of Rockefeller & Andrews

  6. Standard Oil • 1870 – formed Standard Oil of Ohio • largest shippers of oil and kerosene in the country • 1870’s ends – Standard was refining over 90% of the oil • Rockefeller had already become a millionaire

  7. Rockefeller, at the age of 86, penned the following words to sum up his life: “ I was early taught to work as well as play, Mylife has been one long, happy holiday; Full of work and full of play- I dropped the worry on the way- And God was good to me everyday.”

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