John Davison Rockefeller 2

John Davison Rockefeller 2 - John D Rockefeller John...

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John D. Rockefeller John Davison Rockefeller (July 8, 1839 – May 23, 1937) was an American industrialist and philanthropist. Rockefeller revolutionized the petroleum industry and defined the structure of modern philanthropy. In 1870, he founded the Standard Oil Company and ran it until he officially retired in 1897. According to wikipedia.com Standard Oil began as an Ohio partnership formed by John D. Rockefeller, his brother William Rockefeller, Henry Flagler, chemist Samuel Andrews, and a silent partner Stephen V. Harkness. Rockefeller kept his stock and as gasoline grew in importance, his wealth soared and he became the world's richest man and first American billionaire, and is often regarded as the richest person in history. Standard Oil was convicted in Federal Court of monopolistic practices and broken up in 1911. Rockefeller spent the last 40 years of his life in retirement. His fortune was mainly used to create the modern systematic approach of targeted philanthropy with foundations that had a major effect on medicine, education, and scientific research. His foundations pioneered the development of medical research, and were instrumental in the eradication of hookworm and yellow fever. He is also the founder of both The University of Chicago and Rockefeller University. He was a devoted Northern Baptist and supported many church-based institutions throughout his life. Rockefeller adhered to total abstinence from alcohol and tobacco throughout his life . He had four daughters and one son; John Rockefeller JR. best known as"Junior" was largely entrusted with the supervision of the foundations. By the age of 12 he had saved over $50 from working for neighbors and raising some turkeys for his mother. At the urging of his mother, he loaned a local farmer $50 at 7% interest payable in one year. When the farmer paid him back with interest the next year Rockefeller was impressed and said of it in 1904: "The impression was gaining ground with me that it was a good thing to let the money be my servant and not make myself a slave to the money." From 1852 Rockefeller attended Owego Academy in Owego, New York where the family had moved in 1851. Rockefeller excelled at mental arithmetic and was able to solve difficult arithmetic problems in his head -- a talent that would be very useful to him throughout his business career. In other subjects Rockefeller was an average student but the quality of the education was very high. In 1853 the Rockefellers moved to Cleveland, Ohio, and PBS .com says “John attended high school from 1853 to 1855. He was very good at math and was on the debating team. that the school encouraged public speaking and even though Rockefeller was only average, it was a skill that would prove to useful to him. In the spring of 1855 Rockefeller spent 10 weeks at Folsom’s Commercial College -- a "chain College" -- where
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  • Fall '09
  • DOREENPAULEY
  • Standard oil, John D. Rockefeller, John Davison Rockefeller, Rockefeller family, brother William Rockefeller

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John Davison Rockefeller 2 - John D Rockefeller John...

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