Rockefeller
RockefellerJohn Davison Rockefeller
John Davison Rockefeller is part of the family of American Industrialists, bankers, and philanthropists. Corporate development during the Industrial Revolution was made in part by entrepreneurs who were the people who took responsibility for the organization and operation of a new business venture.
Rockefeller was born in 1839 and died in 1937. He established an oil refinery with partners in 1863, and in 1970 he organized the Standard Oil Co. of Ohio. By strict economy, mergers with competitors, and ruthless elimination of opponents he soon dominated the U.S. oil-refining industry. His numerous companies were consolidated under the Standard Oil Co. of New Jersey but the U. S. Supreme Court ordered this holding company dissolved on antitrust grounds, and the subsidiaries became independent corporations. He retired in 1911 with a fabulous fortune.
Rockefeller was an entrepreneur or better known as a "Robber Baron", and was also called the "oil baron," exercised his genius in devising ways to circumvent competition. Rockefeller came to dominate the oil industry by brining a new energy and overwhelming strategy into his business. With one upward stride after another he organized the Standard Oil Company, which was the nucleus of the great trust that was...
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