John D. Rockefeller's Role In The Oil Industry

1944 Words 8 Pages
Have you ever stopped and wondered how our the industry came to be? The oil industry today, would not be where it is today without the influence of John D. Rockefeller. John Rockefeller was an American business man from the nineteenth century. Rockefeller quickly became one of the richest men in America. John Rockefeller’s legacy as the richest man in the oil industry is still with us today. As a young boy, John Rockefeller was a typical American boy that was interested in business. Rockefeller was born on July 8, 1839, on a farm in Richford, New York, to William and Eliza Rockefeller (“John D. Rockefeller, 1839-1937”). As a young boy Rockefeller always showed more interest in business than doing farmwork, and started his business …show more content…
After finishing his course, Rockefeller started to search for a real job around Cleveland, Ohio. September 26, 1855 was a very special day for John, he had finally found his first job! John was hired as an assistant bookkeeper and cashier at Hewitt and Tuttle Bookstore in Cleveland, Ohio. In under a year Rockefeller was already a full time bookkeeper and cashier. Hewitt and Tuttle’s staff were unquestionably impressed by the behavior and skill of Rockefeller, his employers described him as pleasant, persistent, honest, and patient. After working for four years as a bookkeeper and cashier, Rockefeller had $2,000 with the help of his father. With this money, Rockefeller and another businessman, Maurice B. Clark formed a partnership and went into commision business together (Fulsom, Burton “John D. Rockefeller”). There was a sense of rivalry between the two partners. John was striving to become a wealthy man, while on the other hand Clark was not. Once the first oil well drilled in 1859, in Titusville, Pennsylvania, Rockefeller’s interest was caught. In 1863, Clark and Rockefeller were contacted by Samuel Andrews. Andrews was interested in a man like Rockefeller to help him get into the oil industry. Rockefeller hesitantly agreed to become a silent partner with Andrews and James Clark, hence the company’s name: Andrews, Clark and Company (Coffey 33-43). After having some experience in the business career, Rockefeller’s stake in the oil industry

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