In the nineteenth century, one thousand five hundred oil companies sprung up and oil became the most dominant fuel, becoming a crucial part of the United States’ economy. Oil was used for oil lamps and kerosene lamps. In oil machinery, oil was used as fuel for industrial heating and power, which caused an oil industry boom during the Industrial Revolution. However, the wide distribution of oil was available due to one man, John D. Rockefeller. John D. Rockefeller was the founder of the Standard Oil Company, a company that controlled the all oil production, processing, refining, marketing, and transportation in the United States. John D. Rockefeller’s business practices and creation of his Standard Oil Company led his company to become the most
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Rockefeller was one of the titans of the industry. He was powerful, wealthy and successful. In Laurie Hillstrom’s book, Defining Moments: The Muckrakers and the Progressive Era, she stated, the Standard Oil Company controlled 90 percent of the United States’ oil production (Hillstrom 52). The Standard Oil Company was already spread nation-wide, being the lead production of oil. Due, to its influence, the nation was able to obtain oil and made the oil industry powerful. Hillstrom also stated that female journalist, Ida A. Tarbell, wrote about how big, powerful, and extended the company was, the company was known as the “The Octopus;” she also described how clever Rockefeller was in expanding his company’s power and influence by negotiating with railroad companies, which reduced his oil’s shipping price (Hillstrom 53). The company was like no other, it had complete dominance all over America; other oil refineries could not compete against the Standard Oil Company. Therefore, Rockefeller had joined the South Improvement Company (SIC) in 1872, where he negotiated with the railroad companies. Rockefeller had guaranteed railroads a certain amount of shipping and allowed them to use his loading facilities and tanks. However, the other refineries could not keep up with his terms and Rockefeller had bought them all, which increased Standard Oil’s capacity to twelve million barrels per year. The nation-wide oil industry was established because of Rockefeller’s advancements …show more content…
In Diane Telgen’s book, Defining Moments: The Glided Age, Telgen stated that Rockefeller had used new technology, hired skilled workers, developed petroleum by-products, made his every own barrels, storage and facilities, which led him to have the city’s largest refinery (Telgen 42). Rockefeller had done all he could have for his company to be industrialized. He had also used other methods by incorporating his business with five other small refineries; the Standard Oil Company then had been making five percent of the nation’s total oil every day. After his leave from the SIC, Rockefeller had formed the Standard Oil Trust in 1882. Telgen stated that after his leave, Rockefeller had obtained oil fields, made his own pipelines, experimented to make sulfur- based crude, and created his own marketing and distribution system (Telgen 157). To enlarge his company, Rockefeller did things himself. Rockefeller had dreams of making his company the most prominent. However, since no one could help him, he did everything himself to build his own empire. His business practices made his company the greatest and most powerful oil
Rockefeller was one of the titans of the industry. He was powerful, wealthy and successful. In Laurie Hillstrom’s book, Defining Moments: The Muckrakers and the Progressive Era, she stated, the Standard Oil Company controlled 90 percent of the United States’ oil production (Hillstrom 52). The Standard Oil Company was already spread nation-wide, being the lead production of oil. Due, to its influence, the nation was able to obtain oil and made the oil industry powerful. Hillstrom also stated that female journalist, Ida A. Tarbell, wrote about how big, powerful, and extended the company was, the company was known as the “The Octopus;” she also described how clever Rockefeller was in expanding his company’s power and influence by negotiating with railroad companies, which reduced his oil’s shipping price (Hillstrom 53). The company was like no other, it had complete dominance all over America; other oil refineries could not compete against the Standard Oil Company. Therefore, Rockefeller had joined the South Improvement Company (SIC) in 1872, where he negotiated with the railroad companies. Rockefeller had guaranteed railroads a certain amount of shipping and allowed them to use his loading facilities and tanks. However, the other refineries could not keep up with his terms and Rockefeller had bought them all, which increased Standard Oil’s capacity to twelve million barrels per year. The nation-wide oil industry was established because of Rockefeller’s advancements …show more content…
In Diane Telgen’s book, Defining Moments: The Glided Age, Telgen stated that Rockefeller had used new technology, hired skilled workers, developed petroleum by-products, made his every own barrels, storage and facilities, which led him to have the city’s largest refinery (Telgen 42). Rockefeller had done all he could have for his company to be industrialized. He had also used other methods by incorporating his business with five other small refineries; the Standard Oil Company then had been making five percent of the nation’s total oil every day. After his leave from the SIC, Rockefeller had formed the Standard Oil Trust in 1882. Telgen stated that after his leave, Rockefeller had obtained oil fields, made his own pipelines, experimented to make sulfur- based crude, and created his own marketing and distribution system (Telgen 157). To enlarge his company, Rockefeller did things himself. Rockefeller had dreams of making his company the most prominent. However, since no one could help him, he did everything himself to build his own empire. His business practices made his company the greatest and most powerful oil