Young people everywhere, all wanting one thing: success. It does not matter where they are from, their race, their religion, none of that matters, when they have a great attitude and are willing to rise above and beyond. Many people are held back by barriers, but only the bravest will be willing to climb them. Therefore, they will become the ones who reach their goals, unequivocally, even more, their fear of relinquishing will lead to great things, just like John Rockefeller. Acknowledged by many, John. D Rockefeller was one of the most, if not the ultimate, successful businessman of the United States, and it can all be traced back to his ambition.
Rockefeller is well known for his self-built empire, which shook the whole economy and the country, …show more content…
Due to the quick uprise of Rockefeller’s enterprise, smaller companies were left behind. Family businesses and local companies, would not be able to compete with the extremely low prices of oil, that Rockefeller was able to provide, leaving the smaller firms at a disadvantage. “By 1882 Standard Oil had a near monopoly on the oil business in the United States” (“John D. Rockefeller”). With his growing monopoly along with his wealth, he was able to control some of the unthinkable. “It controlled nearly all the refineries in Cleveland. That fact enabled the company to negotiate with railroads for favored rates on its shipments of oil. It acquired pipelines and terminal facilities, purchased competing refineries in other cities, and vigorously sought to expand its markets in the United States and abroad” (“John D. Rockefeller”). His immense power was able to control industry lines to railroad and pipeline products and services, something no one in the United States had been able to do before. On the contrary, the government had to put an end to it. High power over oil, threatened competition between firms and led to corrupt behavior, rather than for the greater good. U.S Congress decided to pass the Sherman Antitrust Act, in 1890. This made Rockefeller dilute his companies into seven smaller firms, with way less power than before. Although Rockefeller's business possibly hurts smaller firms, it only proper to say that what he did was outstandingly unordinary. He was able to build an empire so big, that the American government, had to step in and limit its
Rockefeller is well known for his self-built empire, which shook the whole economy and the country, …show more content…
Due to the quick uprise of Rockefeller’s enterprise, smaller companies were left behind. Family businesses and local companies, would not be able to compete with the extremely low prices of oil, that Rockefeller was able to provide, leaving the smaller firms at a disadvantage. “By 1882 Standard Oil had a near monopoly on the oil business in the United States” (“John D. Rockefeller”). With his growing monopoly along with his wealth, he was able to control some of the unthinkable. “It controlled nearly all the refineries in Cleveland. That fact enabled the company to negotiate with railroads for favored rates on its shipments of oil. It acquired pipelines and terminal facilities, purchased competing refineries in other cities, and vigorously sought to expand its markets in the United States and abroad” (“John D. Rockefeller”). His immense power was able to control industry lines to railroad and pipeline products and services, something no one in the United States had been able to do before. On the contrary, the government had to put an end to it. High power over oil, threatened competition between firms and led to corrupt behavior, rather than for the greater good. U.S Congress decided to pass the Sherman Antitrust Act, in 1890. This made Rockefeller dilute his companies into seven smaller firms, with way less power than before. Although Rockefeller's business possibly hurts smaller firms, it only proper to say that what he did was outstandingly unordinary. He was able to build an empire so big, that the American government, had to step in and limit its