John D. Rockefeller was the founder of the Standard Oil Company. His establishment controlled about 90 percent of US refineries and pipelines in the early 1880s. As he started to modify his business he then moved his oil wells westward for new endeavors. Entering foreign markets in Europe, Asia, and Latin America, Rockefeller had become one of the richest persons in the world because of his dominance in the oil and railroad industries. His wealth and success made him a target for journalists and politicians who saw him as a sign of corporate greed and criticized his methods. In the late 1930s, a quote was published concerning him, his methods, and his way to success: “He was accused of crushing out competition, getting rich on rebates from railroads, bribing men to spy on competing companies, of making secret agreements, of coercing rivals to join the Standard Oil Company under threat of being forced out of business, building up enormous fortunes on the ruins of other men, and so on”


.rockefellerJohn D. Rockefeller. Courtesy of the Library of Congress.


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3 Comments so far

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