John D. Rockefeller

John D Rockefeller - profit He bought out other companies undercutting them and applying huge discounts that no one else could compete with However

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Brent Mansingh Fred Thurber September 5, 2007 John D. Rockefeller’s Monopolistic Mindset Although many see John D. Rockefeller as a ruthless business that cares nothing for other companies, history tells of a different sort of man. Rockefeller knew since he was a child that his goal in life was to make as much money as possible. Rockefeller did so becoming known as “The richest man in history.” But how did he do it? After the civil war many of the major refining centers in the United States were found in Cleveland and a few nearby areas in the northern section of the U.S. Rockefeller created Standard Oil, and to maximize growth he sought deals with the railroads to import oil. Rockefeller’s plan was to buy out other companies, improve their efficiency, and maximize his
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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.

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John D Rockefeller - profit He bought out other companies undercutting them and applying huge discounts that no one else could compete with However

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