“God gave me my money. I believe the power to make money is a gift from God . to be developed and used to the best of our ability for the good of mankind. Having been endowed with the gift I possess, I believe it is my duty to make money and still more money and to use the money I make for the good of my fellow man according to the dictates of my conscience.”This is an quote from John d Rockefeller that explains that if you are blessed to have money do things that will help mankind with that money do what you can for your community. The oil industry we know today is largely a result of John D. Rockefeller’s great leadership. He saw the future in the manufacturing of oil, and he overworked it to make his oil refineries successful. After assembling his fortune, Rockefeller dedicated himself and his riches to helping others, donating most of his fortune to charity and leaving a legacy of generosity.
Born in Richford, New York, on July 8, 1839, John Davison Rockefeller moved with his …show more content…
Until Rockefeller's entrance, the oil business was still in its beginning stages. His company bought out any rivals in its way and created its own in-house companies to sell and market its products all over the world.Standard Oil received rebates from the railroad industry on shipments of its competitors' oil and lowered its prices to a point where the company would take a loss and bully smaller companies to sell. All these techniques were used to force rival oil companies into a predicament where they would have to sell the company to Standard Oil or go bankrupt.Additionally, Standard Oil purchased its own forest land for wood to make barrels. This lowered in-house costs, putting the company at an advantage. In 1911, the U.S. Supreme Court ruled that Standard Oil violated the country's anti-trust laws. Standard Oil dissolved, and its holdings were divided into 30
Born in Richford, New York, on July 8, 1839, John Davison Rockefeller moved with his …show more content…
Until Rockefeller's entrance, the oil business was still in its beginning stages. His company bought out any rivals in its way and created its own in-house companies to sell and market its products all over the world.Standard Oil received rebates from the railroad industry on shipments of its competitors' oil and lowered its prices to a point where the company would take a loss and bully smaller companies to sell. All these techniques were used to force rival oil companies into a predicament where they would have to sell the company to Standard Oil or go bankrupt.Additionally, Standard Oil purchased its own forest land for wood to make barrels. This lowered in-house costs, putting the company at an advantage. In 1911, the U.S. Supreme Court ruled that Standard Oil violated the country's anti-trust laws. Standard Oil dissolved, and its holdings were divided into 30