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Biography Of John Davison Rockefler Essay

908 words - 4 pages

John Davison Rockefeller once said that, "I believe it is every man's religious duty to get all he can honestly and to then give all he can." (Abels.) John Rockefeller worked his way to the top during his lifetime, becoming the richest man in America at one time. Then he gave good amount of his lifetime earnings to various charities around the world. He earned his fortune through the oil industry and the countless hard hours he put in to make his company the best.
John Davison Rockefeller was born to William and Eliza Rockefeller on July 8, 1839, on a farm in Richford, New York. He was the second of six children raised in a medium class family run mainly by his mother, who was very strict ...view middle of the document...

He was very active in the church and became a trustee at the age of 21.
In 1859, Rockefeller took his money and some money borrowed from his father, and formed a partnership with another young man, Maurice B. Clark. They worked as commission merchants in many assortments of goods, at the end of a couple of years their business had a total net value of $450,000 (“John Davison Rockefeller”). Then in 1863, Rockefeller and Clark decided to start an oil company.So they joined with a new partner, Samuel Andrews, who had expierence in the oil industry. Together they built an oil refinery with the name Andrews, Clark & Co. After about two years Rockefeller became the senior partner and Maurice Clark was bought out. Now Rockefeller and Andrews built the business up and became the largest oil refinery in all of Cleveland. Rockefeller also started a smaller oil refinery in 1865, called Standard Works.
In 1870, Rockefeller along with his brother William Rockefeller, Samuel Andrews, S.V. Harkness, Henry M. Flager, and a few others built the great Standard Oil Company. At the very beginning Standard Oil had an initial capital of one million dollars. By 1872, Standard oil owned almost all the oil refineries in Cleveland, plus a couple more in New York. With Standard Oil’s massive size the company began to produce nearly 30,000 barrels of crude oil a day (“John D Rockefeller”). Standard oil ruled over almost all areas of the business. They had more product flowing across the country with major pipelines and trains carrying oil, and they had plenty of it with the large amounts of land they...

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