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Anti trust laws
John D. Rockefeller and the oil industry
John D. Rockefeller and the oil industry
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Born in Erie County, Pennsylvania, the muckraker Ida Tarbell took down Standard Oil, one of the first and largest international companies and basically all monopolistic companies along with it. Before Tarbell took down Standard Oil, Tarbell had to go through many hardships because there were not many available positions for her. One of her jobs paid only 500 dollars a year (Thompson) and her father, Frank Tarbell, was once in the oil business but was beaten down by Standard Oil. Later on, Tarbell wrote articles and managed to gain the attention of S.S. McClure, the owner of McClure’s Magazine which was a popular magazine of the time. Tarbell later managed to join the magazine and she made it famous. One of her works included The History of …show more content…
Standard Oil which later was published as a book. The reforming that Tarbell conducted took place in either her house when she was writing her articles, or anywhere she can get information from. Between 1902 and 1904, Tarbell was writing articles and even interviewing senior officers of Standard Oil just to expose John D. Rockefeller and his illegal activities to the public. In the end, Ida Tarbell managed to take down the wealthiest business in American history by talking to businessmen, reporting corruption, and publishing her book, The History of Standard Oil. Ida Tarbell chose her path as a reporter, but the event that made her want to take down Standard Oil was the Cleveland Massacre.
The Cleveland massacre was the beginning of Rockefeller’s career and an end to many of the small oil refineries in Cleveland, Ohio. Frank Tarbell was one of those people. For 2 years, Tarbell searched for illegal activities that Rockefeller had committed and one of the major ways that Tarbell gained information from was interviewing businessmen and even senior officers of Standard Oil. At first, only a small amount of businessmen would talk because they were afraid of Rockefeller and his massive company. One man had even told Tarbell that Rockefeller was going to destroy McClure’s Magazine if she kept investigating Standard Oil (Ida Tarbell, 1857-1944: She Used Her Reporting Skills Against One of the Most Powerful Companies in the World). Soon she found evidence of the illegal methods that Rockefeller used to take over the oil industry. After she wrote an article about the illegal methods, many people began assisting her in exposing Standard Oil. With the help of Mark Twain, Tarbell was able to interview the most powerful senior executive of Standard Oil, Henry H. Rogers. During this interview with Henry H. Rogers, who was surprisingly open, Tarbell confirmed the information that she learned from other businessmen and published it in McClure’s Magazine. For over the next two years, Rogers and Tarbell held long interviews regularly and Tarbell was …show more content…
able to collect healthy amounts of the illegal methods Standard Oil used to become one of the richest companies in the world. During Ida Tarbell’s years in McClure’s Magazine, she published many popular articles such as The Life Of Abraham Lincoln, but her most popular article was the 19 article-series about the illegal methods that Rockefeller used to enlarge his company.
In these articles, Tarbell showed the readers how Rockefeller conducted these illegal methods through quotes and even interviews with Henry H. Rogers, the most powerful senior executive of Standard Oil. In this series, Tarbell wrote about how Rockefeller made secret agreements with the South Improvement Company (Ida Tarbell, 1857-1944: She Used Her Reporting Skills Against One of the Most Powerful Companies in the World) and how Rockefeller took someone else’s idea to make pipelines for the oil to travel through. Tarbell also wrote about how Rockefeller threatened the small oil producers to sell their businesses to them. Later Ida Tarbell managed to get anti-trust laws to eliminate monopolistic companies and let other smaller companies have a chance at
succeeding. Ida Tarbell’s most famous book, The History of Standard Oil, was sold and read by the millions. Tarbell’s book even made fifth place in a list of 1999’s top 100 books of journalism (The Woman Who Took on the Tycoon). In the book, Tarbell mentioned the how Rockefeller used illegal methods and since her opinion became very powerful due to her popularity among journalists, many people turned against Standard Oil because of all the negative facts that Tarbell exposed about Standard Oil and Rockefeller. Tarbell’s opinion became the public’s opinion for Standard Oil. Later on with the help of the people, Tarbell managed to do the impossible because of her popularity amongst journalists and her books. Despite the collapse of the richest company in U.S, and possibly the richest company in the world, Ida Tarbell set the standards for investigative journalism for ages to come. But when Standard Oil fell, smaller companies were given a chance to strike gold in the oil business because 90% (The Woman Who Took on the Tycoon) of the oil industry was freed of the grasp of Rockefeller.
Arnold & Porter chose to sue Pittston rather than the Buffalo Mining Company because the value of the corporation allowed for adequate compensation to the victims. Author and head lawyer for the plaintiffs, Gerald M. Stern, writes that the original goal was sue to sue for $21 million for the disaster to have a material effect on the cooperation (51). To avoid responsibility Pittston attempted to prove that the Buffalo Mining Company was an independent corporation with its own board of directors. The lawyers for the plaintiffs disproved this claim by arguing the Buffalo Mining Company never held formal meetings of the board of directors and was not independent of the parent company. During this case Pittston’s Oil division had applied to build an oil refinery in Maine. The ...
Being a conscientious journalist, Ida Tarbell is known for the inauguration of muckraking. President Theodore Roosevelt had given the term ‘muckraking’ to this type of investigative journalism done by Ida Tarbell. Roosevelt did not fully support her work because of its "focus and tone." The President got this name from a c...
The Elaine Race Riot can be even said as the Elaine massacre that had taken place on September 30, 1919, in Elaine in Phillips County, Arkansas, in the Arkansas Delta. The fight started when around 100 African Americans, commonly black farmers on the farms of white landlords joined a consultation of the Progressive Farmers and the Household Union of America at a church in Hoop Spur, the Phillips County that was three miles north of Elaine. The assembly was managed by Robert Hill; he was the organizer of the Progressive Farmers and the Household Union of America. The main goal of the meeting was that one of the numerous black sharecroppers in the Elaine area during the former months was achieving better payments for their cotton crops from
Mary Eugenia Surratt, née Jenkins, was born to Samuel Isaac Jenkins and his wife near Waterloo, Maryland. After her father died when she was young, her mother and older siblings kept the family and the farm together. After attending a Catholic girls’ school for a few years, she met and married John Surratt at age fifteen. They had three children: Isaac, John, and Anna. After a fire at their first farm, John Surratt Sr. began jumping from occupation to occupation. Surratt worked briefly in Virginia as a railroad contractor before he was able to purchase land in Maryland and eventually establish a store and tavern that became known as Surrattsville. However, the family’s fina...
John D. Rockefeller as a Robber Baron A "robber baron" was someone who employed any means necessary to enrich themselves at the expense of their competitors. Did John D. Rockefeller fall into that category or was he one of the "captains of industry", whose shrewd and innovative leadership brought order out of industrial chaos and generated great fortunes that enriched the public welfare through the workings of various philanthropic agencies that these leaders established? In the early 1860s Rockefeller was the founder of the Standard Oil Company, who came to epitomize both the success and excess of corporate capitalism. His company was based in northwestern Pennsylvania. A major question historians have disagreed on has been whether or not John D. Rockefeller was a so-called "robber baron".
During the 1800’s, business leaders who built their affluence by stealing and bribing public officials to propose laws in their favor were known as “robber barons”. J.P. Morgan, a banker, financed the restructuring of railroads, insurance companies, and banks. In addition, Andrew Carnegie, the steel king, disliked monopolistic trusts. Nonetheless, ruthlessly destroying the businesses and lives of many people merely for personal profit; Carnegie attained a level of dominance and wealth never before seen in American history, but was only able to obtain this through acts that were dishonest and oftentimes, illicit.
During the Gilded Age, several Americans emerged as leaders in many fields such as, railroads, oil drilling, manufacturing and banking. The characterization of these leaders as “robber barons” is, unfortunately, nearly always correct in every instance of business management at this time. Most, if not all, of these leaders had little regard for the public or laborers at all and advocated for the concentration of wealth within tight-knit groups of wealthy business owners.
Slavery is a term that can create a whirlwind of emotions for everyone. During the hardships faced by the African Americans, hundreds of accounts were documented. Harriet Jacobs, Charles Ball and Kate Drumgoold each shared their perspectives of being caught up in the world of slavery. There were reoccurring themes throughout the books as well as varying angles that each author either left out or never experienced. Taking two women’s views as well as a man’s, we can begin to delve deeper into what their everyday lives would have been like. Charles Ball’s Fifty Years in Chains and Harriet Jacobs Incidents in the Life of a Slave Girl were both published in the early 1860’s while Kate Drumgoold’s A Slave Girl’s Story came almost forty years later
Some, like Roosevelt viewed methods of muckrakers such as Ida Tarbell, Ray S. Baker, Lincoln Steffens, and Upton Sinclair as these types of people. Others saw these muckraking methods as perfectly acceptable for fighting against the industrial powerhouses. Either way, these muckrakers worked hard to arouse sentiment in the hearts of the public (Reiger 1).
Settled in 1845 Rosewood Florida was mainly used for lumber where it got its town name from a red color cut of cedar wood. Rosewood had both African American and caucasian settlers. In 1890 the pencil mill closed down because of Rosewood losing its population of trees. Most of the caucasian settlers moved to Sumner where they farmed citrus and cotton. In 1900 almost all of Rosewoods population was African Americans. And almost all of Sumner’s population was caucasian. The two towns were ok they basically just kind of stayed out of each other's way.
Near the end of the nineteenth century, business began to centralize, leading to the rise of monopolies and trusts. Falling prices, along with the need for better efficiency in industry, led to the rise of companies, the Carnegie Steel and Standard Oil company being a significant one. The rise of these monopolies and trusts concerned many farmers, for they felt that the disappearance of competition would lead to abnormaly unreasonable price raises that would hurt consumers and ultimately themselves. James B. Weaver, the Populist party's presidential candidate in the 1892 election, summed up the feelings of the many American Farmers of the period in his work, A Call to Action: An Interpretation of the Great Uprising [Document F]. His interpretations of the feelings of farmers during that time were head on, but the truth is that the facts refute many of Weaver's charges against the monopolies. While it is true that many used questionable methods to achieve their monopoly, there were also other businessmen out there that were not aiming to crush out the competition. In fact, John D. Rockefeller, head of Standard Oil and a very influential and powerful man of that time, competed ardently to not crush out his competitors but to persuade then to join Standard Oil and share the business so all could profit.
Have you ever heard the term, “Don’t drink the Kool-Aid?” or “You have drank the Kool-Aid.”? Well, ”Drinking the Kool-Aid” means you have done something that others have told you to do or did yourself. This saying comes from the cult society led by Reverend Jim Jones, named Jonestown. Jonestown was a small community in the jungle of Guyana, South America. After getting word of people coming to investigate the society, Jones had committed a mass suicide by poisoning Kool-Aid and giving it to the people of Jonestown.
... middle of paper ... ... While most media coverage appeared to be more inclined toward creating urban myths, the reality was atrocious. Works Cited: Brauer, Ralph.
middle of paper ... ... On Rockefeller’s march to the top of the oil industry, he stomped upon the lives of many hard working American’s. The smaller oil operations had no chance of competing with Standard Oil due to all the tactics they employed to keep their prices low. This ravished small town families and had a similar effect as to what Wal-Mart does to family run shops nowadays.
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