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  • John D. Rockefeller

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    John D. Rockefeller was born in 1839 in New York and dropped out of high school to work. He got his start in the oil business in Cleveland in 1863 and founded Standard Oil of Ohio in 1870, which became the largest corporation in America. By the late 1870s, Rockefeller controlled about 90% of oil refining in the United States through acquisitions and undercutting competitors. However, his monopoly drew scrutiny and the U.S. government sued Standard Oil in 1906 under the Sherman Antitrust Act, leading to the dissolution of the company in 1911.

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    John D. Rockefeller was born in 1839 in New York and dropped out of high school to work. He got his start in the oil business in Cleveland in 1863 and founded Standard Oil of Ohio in 1870, which became the largest corporation in America. By the late 1870s, Rockefeller controlled about 90% of oil refining in the United States through acquisitions and undercutting competitors. However, his monopoly drew scrutiny and the U.S. government sued Standard Oil in 1906 under the Sherman Antitrust Act, leading to the dissolution of the company in 1911.

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    106 views24 pages

    John D. Rockefeller

    Uploaded by

    khawer90
    John D. Rockefeller was born in 1839 in New York and dropped out of high school to work. He got his start in the oil business in Cleveland in 1863 and founded Standard Oil of Ohio in 1870, which became the largest corporation in America. By the late 1870s, Rockefeller controlled about 90% of oil refining in the United States through acquisitions and undercutting competitors. However, his monopoly drew scrutiny and the U.S. government sued Standard Oil in 1906 under the Sherman Antitrust Act, leading to the dissolution of the company in 1911.

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    of 24

    Rockefeller is Born

    July 8, 1839- John D. Rockefeller is born in Richford, New York to William and Eliza Rockefeller.

    Childhood
    1849- Father moves the family to Owego, New York, following allegations of rape.

    Schooling
    1855- John D. Rockefeller drops out of high school and enters a professional school.

    Job Day
    September 26, 1855John D. Rockefeller gets his first job, he would celebrate this day for rest of his life.

    Civil War
    1861- Civil War begins, at first hurt the oil industry but eventually would make Rockefeller a very rich man.

    The Start of Oil


    1863- Rockefeller gets into the oil business starts out in Cleveland, Ohio.

    Marriage
    September 8, 1864John D. Rockefeller marries Laura Celestia Spelman.

    Rockefeller becomes a Father


    1865- Laura gives birth to Johns first son. John D. Rockefeller owns the largest refinery in Cleveland.

    The Largest Corporation


    1870- Rockefeller founds Standard Oil of Ohio which is the largest corporation in America.

    Scandal
    1872- Rockefeller is tainted by the scandal surrounding the South Improvement Company scheme, a secret alliance between major refiners and the railroads.

    The Beginning of a Monopoly


    1873- A Depression hits the United States but Standard Oil takes advantage and takes over companies in Pittsburgh, Philadelphia, New York, and Pennsylvania's Oil Region.

    Oil Refineries
    1977- Rockefeller at age 38 owns about 90% of all the oil refined in the United States.

    Efficiency
    1882- Standard Oil makes its business more efficient and therefore undersells all of its competitors.

    Globalization
    Mid 1880s- Standard Oil starts to sell Globally, and eventually sells more to other countries than they do the United States.

    1888- John D. Rockefeller has to go to the stand and gives his testimony after an investigation has been done on Standard Oil.

    Retirement
    1895- Rockefeller decides to retire from Standard Oil gradually and didnt want people to know about it.

    A True Monopoly
    1890s- Standard Oil has taken over everything and has no competition.

    The President
    1906-1907- Theodore Roosevelt attacks Standard Oil and Rockefeller. The U.S. government has lawsuits against Standard Oil and its monopoly.

    The Fall of Standard Oil


    1911- The United States calls for Standard Oil to be dismantled within six months.

    Giving Back
    1913- Rockefellers makes a foundation "to promote the wellbeing of mankind throughout the world."

    The Death of the Oil Tycoon


    1937- Rockefeller dies at the age of 97, three years short of his goal.

    The END

    Works Cited
    http://www.pbs.org/wgbh/amex/rockefellers/timeline/timeli ne3.html http://www.findingdulcinea.com/features/profiles/r/john-drockefeller.html http://www.google.com/search?q=john+d.+rockefeller+tim eline&hl=en&client=firefox-a&rls=org.mozilla:enUS:official&sa=N&tbs=tl:1&tbo=u&ei=mRhvSeYAoe8NtjI_dwE&oi=timeline_result&ct=title&resnum=11 &ved=0CCUQ5wIwCg

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