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Unformatted text preview: profit. He bought out other companies undercutting them and applying huge discounts that no one else could compete with. However, in 1911 the United States Supreme Court held Standard Oil in violation of being a Monopoly, and ordered it to break up into 34 separate companies. Rockefeller spent most of his money on medicine, education, and scientific research. His foundation pioneered the development of medical research, and led to the eradication of hookworm and yellow fever. He always gave to people including church based organizations. He was one of the first philanthropists. John D. Rockefeller was a great man; he accomplished his goals and managed his money with an iron fist. He was efficient and smart. I aspire to be just like him....
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This note was uploaded on 04/07/2008 for the course PETE 2001 taught by Professor Thurber during the Spring '07 term at LSU.
- Spring '07