The Life of John D Rockefeller

Published: 2021-06-29 06:53:19
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Category: American History

Type of paper: Essay

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In 1859 John D. Rockefeller started one of the greatest monopolies of the progressive
era. The Standard Oil Company grew to dominate the oil industry and became one of the
first big trust in the United States. In 1870 Rockefeller founded the Standard Oil Company and
aggressively ran it until he officially retired. His contribution to the business society is easily
noted by today's business rules and regulation that he has created. Rockefeller is said to be the
richest man and is the first to be worth more than billion dollars His achievements were
greatly assisted by his mother and father who encouraged him to succeed in society. John D.
grew up with a father who was known for his shoddy business, frauds, and dishonesty Despite
his near monopoly of the oil business in the US, aggressive competitive practices of the company
led to the passing of anti monopoly law.
The Life History of Rockefellers

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