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Paragraph on john d rockefeller
Paragraph on john d rockefeller
Essays on john d rockefeller
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Rockefeller, a business genius and arguably one of the most influential men in American History has a story steeped in paradox. Chernow, Rockefeller’s biographer states “What makes him problematic—and why he continues to inspire ambivalent reactions—is that his good side was every bit as good as his bad side was bad. Seldom has history produced such a contradictory figure” (np/nd http://www.johndrockefeller.org). As a shrewd business man and a devout Christian many have a hard time reconciling the two. Even as a child his upbringing and the divergence in his parents is extreme. However it is his strict religious upbringing that drives his business practices. Rockefeller’s belief from an early age that God would pull him through any difficult time guided him throughout his life and career. He had a tremendous amount of faith and belief in his values. His willingness to stringently adhere to his vision and remain singularly focused was drawn from his religious upbringing and resulted in success unparalleled by any entrepreneur.
John D. Rockefeller was born to a devout Baptist mother, and a father who often left his family unattended. While his father was off peddling tonics and philandering, his mother was left to manage the house and children on her own for extended periods of time. His father was so ostentatious he had a mistress in the home, posed as a housekeeper from the outset of the marriage. He had fathered 4 children between the two women in as many years. Much later he was also a bigamist. His father often uprooted the family moving them from place to place and then leaving to pursue some type of enterprising activity. But Rockefeller’s mother used her faith to sustain her, and the children were deeply enmes...
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"John D. Rockefeller and the Oil Industry." The Freeman | Ideas On Liberty. Web. 19 Mar. 2011. .
"John D. Rockefeller." John D. Rockefeller. Web. 19 Mar. 2011. .
Poole, Keith. "American Experience | The Rockefellers | People & Events." PBS: Public Broadcasting Service. Web. 19 Mar. 2011. .
"The Standard Oil Monopoly, by the Linux Information Project (LINFO)." The Linux Information Project (LINFO) Home Page. Web. 19 Mar. 2011. .
Weinberg, Steve. Taking on the Trust: the Epic Battle of Ida Tarbell and John D. Rockefeller. New York: W.W. Norton, 2008. Print.
Rockefeller even wrote in a letter to a partner, "we must remember we are refining oil for the poor man and he must have it cheap and good" (83).
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.
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
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. Document D resentfully emphasizes the alleged capacity of the corrupt industrialists. In the picture illustrated, panic-stricken people pay acknowledgment to the lordly tycoons. Correlating to this political cartoon, in 1900, Carnegie was willing to sell his holdings of his company. During the time Morgan was manufacturing
Many people consider Rockefeller a robber of industry because of his forcible ways of gaining his monopolies. Rockefeller was fond of buying out small and large competitors. If the competitors refused to sell they often found Rockefeller cutting the prices of his Standard Oil or in the worst cases, their factories mysteriously blowing up. Rockefeller was obsessed with controlling the oil market and used many of undesirable tactics to flush his competitors out of the market. Rockefeller was also a master of the rebate game. He was one of the most dominant controllers of the railroads. He was so good at the rebate that at some times he skillfully commanded the rail road to pay rebates to his standard oil company on the traffic of other competitors. He was able to do this because his oil traffic was so high that he could make or break a section of a railroad a railroad company by simply not running...
George Browm Tindall, David Emory Shi. American History: 5th Brief edition, W. W. Norton & Company; November 1999
Have you ever decided that you wanted to fulfill your passion and you knew before you left this earth, you would? Helping the poor, saving lives, shielding families and inspiring individuals: this paper will compare and contrast Jane Addams and William Sumner. Although Addams and Sumner bear some superficial similarities, the differences between the both of them are clear. Although Addams and Sumner share a similar background, they each have their own worldview. Addams’ main focus was to contribute in any way that she could to help the poor and impact lives for a more efficient society. Sumner believed that the supply of wealth was based on people’s skills and those that have better skills and characteristics would more likely be wealthy while
John D. Rockefeller and other members of his family produced the fuel that powered America and Europe. In fact, 85% of the world's kerosene supply was produced in a company of Rockefeller's in Pennsylvania. J.P. Morgan, a giant in finance was equally successful by capitalizing small businesses and taking private corporations public. His genius for investing and financing was known world-wide. Because of Morgan and investors like him the American economy grew at a rate that the world had not seen before. His "Gentlemen's Agreement" brought stability to a railroad industry that was unstable because of it's incredible growth. The agreement regulated rates, settled disputes and imposed fines for companies that did not abide by the terms of their contracts. J.P. Morgan helped create a centralized banking system and paved the way for what was to become The Federal Reserve. Henry Ford a corporate giant in transportation built the Ford Motor Company and
...mpanies, it eventually came to the point where they couldn’t keep up and eventually became a part of Standard Oil. By the time Rockefeller had reached the age of 40, his company had controlled all national oil refining by 90% and about 70% of international export of said oil.
James B. Weaver was a populist party candidate in 1892, in his speech ‘The Call to Action’ he referenced the Oatmeal trust of 1887. This trust decided to close part of its mills that “stood idle” and raise the price of oatmeal by a dollar. This business integration took jobs of former employees and raised prices unfairly, cutting corners by producing only seven million barrels of wheat. This tactic isn’t fair to consumers or workers, and it’s unfair. Ida Tarbell, an investigative journalist focused her attention on John D. Rockefeller's company ‘Standard Oil’ and composed the ‘History of Standard Oil Company’. According to Tarbell Standard Oil created a ”remarkable scheme” which competitors couldn’t fight for very long. Standard Oil demanded cheaper rates on their moved oil or ‘rebates’ from railroad companies. This unfair tactic allowed Standard Oil to lower their prices dramatically which would eventually decrease competition. What Tarbell alluded to in her piece was that when a monopoly is achieved over the industry, Standard Oil would be able to raise prices without refutation. William Vanderbilt, the son of the 19th century industrialist Cornelius Vanderbilt conducted an interview on the railroads constructed during his father's’ era. According to Vanderbilt, the businesses that
W.W.J.O.B.O.M.D?: (What Would Jesus or Buddha or Machiavelli Do?) (2000, January 8) The Ottawa Citizen, p. B7.
Pratt, Joseph A. “Exxon and the Control of Oil.” Journal of American History. 99.1 (2012): 145-154. Academic search elite. Web. 26. Jan. 2014.
Gerald Benjamin and Stephen P. Rappaport, Proceedings of the Academy of Political Science Vol. 31, No. 3, Governing New York State: The Rockefeller Years (May, 1974), pp. 200-213
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,
Graebner, William. “The Man in the Water”: The Politics of the American Hero, 1970–1985. The Historian, 75 no.4 (2013): 517–543. Accessed April 10, 2014. doi: 10.1111/hisn.12015