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John D. Rockefeller

John D. Rockefeller. Click To Find Out More!. Childhood. Standard Oil Company. Monopoly. Philanthropy. Where Do You Want To Go?. Quiz. Rockefeller was born on July 8, 1839 in Richford, New York, but grew up in Cleveland, Ohio.

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John D. Rockefeller

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  1. John D. Rockefeller Click To Find Out More!

  2. Childhood StandardOilCompany Monopoly Philanthropy Where Do You Want To Go? Quiz

  3. Rockefeller was born on July 8, 1839 in Richford, New York, but grew up in Cleveland, Ohio. • At 16, Rockefeller got his first job as a bookkeeper and eventually made $25 a week. Childhood

  4. Formed in 1873 • Rockefeller had secret agreements with the railroads to give him a cheaper shipping price • Rockefeller was able to under-sell the competition and then buy them out • This is called Horizontal Integration Standard Oil Company

  5. Standard Oil Trust was made up of Rockefeller’s industry partners • At its peak, Standard Oil controlled 90% of the petroleum market • Anti-trust legislation forced Standard Oil to break up into 34 new companies • Examples: Conoco, Amoco, Chevron, Esso (Exxon), Mobil, Sohio Monopoly

  6. Rockefeller gave 10% of his earnings to his church • He also supported education and medical science • Rockefeller was worth $1.4 billion at his death in 1937 • Translates to $318.3 billion today!!! Philanthropy

  7. Quiz How well did you pay attention?

  8. In what year was the Standard Oil Company started? • 1839 • 1873 • 1901 Question 1

  9. Click to move on to Question 2! Great Job!

  10. Need to review? Go back to the question. Try Again!

  11. When Rockefeller bought out his competition, this was called… • Vertical Integration • Competitive Incorporation • Horizontal Integration Question 2

  12. Click to move on to Question 3 Well Done!

  13. Need to review? Go back to the question. Nice Try!

  14. At its peak, Standard Oil controlled 90% of the petroleum market. • True • False Question 3

  15. Click to continue! Way to Go!

  16. Need to review? Go back to the question. Oops!

  17. Hope You Learned A Lot!

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