John D.

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