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American literature history influences
American literature history
Crude oil impacts on the world
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The setting of this film, The PRIZE: Epic Quest for Oil, Money and Power by Daniel Yergin, is from when petroleum industry had became the most popular global energy during the Gilded Age which was around 1800s, when old industries transformed and new industries started to born, to the modern times in 1900s. This film starts with the description of John D. Rockefeller, who made modern American economy and was the symbol of American monopoly, and his Standard Oil Trust Company in the American economy. This film talks and explains not only about oil business as new boom energy along rail road industries in America during the nineteenth century, but also modern economics in the world that was affected by petroleum industries. The tone and mood …show more content…
I get an interest on knowing what kinds of energy have been developed recently, because this film was published years ago. The most powerful story told by this movie is the last part of story when it talks about how we need new types and forms of energy instead oil and gasoline, because this part is very related to the current problem that the world faces with energy, which makes me think it is very powerful story to influence people to be aware of the problem that this movie talks about. I would like to recommend this movie, The Prize, to a friend. I’ve been interested about oil industries and this movie is very interesting about how it explains the petroleum industry in the American economic history with not only economic history but also all other events of the time. This film is very educational and it also gives lots of information about American economy along oil business in 1800s and 1900s. And, I got to learn a lot about John D. Rockefeller who I didn’t have much knowledge about before I watched this movie. That’s why I would recommend this film to a
Rockefeller was America’s first billionaire, and he was the true epitome of capitalism. Rockefeller was your typical rags-to-riches businessman, and at the turn of the twentieth century, while everyone else in the working class was earning ten dollars max every week, Rockefeller was earning millions. There has been much discussion as to whether Rockefeller’s success was due to being a “robber baron”, or as a “captain of industry”. By definition, a robber baron was an industrialist who exploited others in order to achieve personal wealth, however, Rockefeller’s effect on the economy and the lives of American citizens has been one of much impact, and deserves recognition. He introduced un-seen techniques that greatly modified the oil industry. During the mid-nineteenth century, there was a high demand for kerosene. In the refining process from transforming crude oil to kerosene, many wastes were produced. While others deemed the waste useless, Rockefeller turned it into income by selling them. He turned those wastes into objects that would be useful elsewhere, and in return, he amassed a large amount of wealth. He sold so much “waste” that railroad companies were desperate to be a part of his company. However, Rockefeller demanded rebates, or discounted rates, from the railroad companies, when they asked to be involved with his business. By doing so, Rockefeller was able to lower the price of oil to his customers, and pay low wages to his workers. Using these methods,
Is it true Americans are rightfully notorious for creating inaccurate paradigms of what really happened in historical events Americans are tied to? Has America ever censored historical events in order to protect Americans innocent democratic reputation? After reading, “The Best War Ever” by Michael C.C Adams, I have found the answers to these questions to be yes. Some of the myths that Adams addresses in his book include: 1. America was innocent in world war two and was an ever acting protagonist in the war; 2. World war two or any war for that matter can be, or is a “good war” and bring prosperity to America; 3. War world two brought unity to Americans.
Fifth Edition Vol 2, New York: Longman, 1999. Hidey, Ralph W. and Muriel E. "History of Standard Oil Company (New Jersey), Vol. 1" Pioneering in Big Business" " Taking Sides Clashing Views on Controversial Issues in American History" eds.
Published in 1961, Joseph Heller’s Catch-22 is a satire of war with a twist. Heller wrote his narrative nonlinearly. Although certain critics described the novel as “disorganized, unreadable and crass”, the mismatched chronology complements Heller’s style of writing and draws the reader’s interest. One key point of Catch-22, the catch-22 paradox, makes use of the nonlinear structure to encircle the reader in the contradictions. In addition, Heller’s style of writing provides a point of viewing different from most novels. While the narrative may seem complex and overwhelming at first, the reader learns to appreciate the subtleties of Heller’s labyrinthine plot.
In conclusion, Oil impacted social change over time, which helped us grow as a society. If you took my proposal into consideration I would really appreciate it. My proposal is going to have all of the factors of Oil and how oil has change our state. After reading the documents that you have given me I was able to answer question “What story should be told”. As H.L hunt always said “money is just as way of keeping score”. - H.L
After the Second World War, the world was more interesting in oil than ever before. The conflict itself made the countries of the world realize that oil was a serious factor in the quest for power. From this point in history, oil was considered the driving force behind a successful economy and therefore attaining power. Therefore the quest for oil heightened during and after World War II. In the effort to acquire more oil, many countries began to seek out additional locations to drill and this drove the United States to the Middle East. In late 1943 a man named DeGolyer who was a geologist went on a mission to Saudi Arabia to survey the possibility for oil. His mission there concluded that “the oil in this region is the greatest single prize in all history”. With such a conclusion it is not surprising that the United States began extremely concerned with the oil concessions there.
War and Peace in the Middle East by Avi Shlaim. In the novel War and Peace In the Middle East, author Avi Shlaim argues that Arab nations have been unable to escape the post-Ottoman syndrome. In particular, he describes how the various powers inside and outside the region have failed to produce peace. While some of Shlaim's arguments hinder the message, I agree with his overall thesis that the Middle East problems were caused and prolonged by the failure of both powers and superpowers to take into account the regional interests of the local states.
This is especially obvious within the context of the lower Mississippi Delta, where for many Louisianans; oilrigs provide them with jobs. Humans are dependent on oil as one of Earth’s limited resources, and it is central to our way of life: transportation, heating fuel, electric generation, common materials, and even plays a role in making our food (Catherine Gautier). The economic profits of oil are many; new technologies and innovations with oil as a key contributor are making for a prosperous future.
This paper focuses on the oil industry, limited to crude oil and refineries U.S. based companies, is identified as oligopoly in U.S. market due to their market shares and powers.
Numerous families living in small town America lost their income because of Standard Oil and forced hardship upon many. The legacy of John D. Rockefeller shall always live on as he has permanently shaped how this country looks. He has funded huge advancements in the fields of education and medicine along with starting the events to end lassiez-faire economics. The petroleum industry changed greatly during his career thanks to his research and completely new business methods were thought up of by him, some still in practice today.
An important mark in history is a point when there is a change of great significance. Big business grew to sizes wielding incredible power during the late 19th century. The power of these businesses would be expressed in the form of monopolies that would allow them to dominate their specific area of the market, if not multiple areas of the market. John D. Rockefeller’s Standard Oil was a prime example of a large monopoly over oil and everything that was needed to produce it and distribute it. His control over oil would eventually lead to the need of enacting laws of regulation by the government. Standard Oil would initially draw the attention of the State of Ohio and eventually the Supreme Court. The dissolution of the companies that made up the monopoly of Standard Oil would come with the passage of the Sherman Anti-Trust Act of 1890 (The Editors of Encyclopædia Britannica).
" Oil is the life blood of our modern industrial society. It fuels the machines and lubricates the wheels of the world’s production. But when that vital resource is out of control, it can destroy marine life and devastate the environment and economy of an entire region…. The plain facts are that the technology of oil-- its extraction, its transport, its refinery and use-- has outpaced laws to control that technology and prevent oil from polluting the environment…" (Max, 1969). Oil in its many forms has become one of the necessities of modern industrial life. Under control, and serving its intended purpose, oil is efficient, versatile, and productive. On the other hand, when oil becomes out of control, it can be one of the most devastating substances in the environment. When spilled in water, it spreads for miles around leaving a black memory behind (Stanley, 1969).
Throughout the past twenty years there have been several drastic changes in oil prices. These dramatic shifts are helpful to look at because of their impact upon the economy and the oil industry. During this time period there are three major shifts in oil price that can be linked to specific events in world history (Miller, 1998). First, the Arab oil embargo of 1973 caused a widespread oil crisis and brought crude oil from three dollars a barrel to a staggering twelve dollars a barrel. Second, the 1979 Iranian revolution caused another crisis that brought crude oil prices to an all time high of thirty-six dollars per barrel. Finally, the third major shift occurred in 1991 due to the Persian Gulf War (Miller, 1998).
Significance: The United States must face the fact that the world is running out of oil and with today’s rising oil prices, economic and political instability in regions where the United States gets the majority of its oil, this country must begin looking into alternative means of energy to replace oil and end our dependence on foreign powers.
middle of paper ... ... g the Energy Revolution." Foreign Affairs. Nov/Dec 2010: 111. SIRS Issues Researcher.