By the time he was 31 John had started up the Standard Oil Company of Ohio that refined oil. He wasn't the only oil refiner in Ohio but because of secret deals with the railroad companies, John was able to sell his oil at a reduced rate. This strategy made Standard Oil rich but John took his business acumen a step further. He began buying out competing refineries in the state. Eventually Standard Oil began to monopolize the oil industry when the Standard Oil Trust was created in 1882 (the same year Jesse James was killed). This picture shows a seemingly happy Johnny Rock in 1885 at 55 years old. In 1911 the Supreme Court declared Standard Oil illegal because of the Sherman Anti-Trust Act. At its height the company controlled 91% of all oil produced in the US. The companies of Chevron, Exxon, Mobil, Conoco, and Amoco were formed from this fallout. Though Standard Oil was no more, Johnny owned majority stock in all the new companies. This wealth turned him into a major philanthropist, donating much of his money to charities. He is the top richest person to have ever lived while Bill Gates is 20th on that same list!QUESTION:
At the time when Rockefeller was making his money he was considered the greatest "industrialist" to his peers. But what of his workers? What word would they use to describe Rockefeller and why?
4 comments:
the answer to the question! would be in my opinion that his workers would have thought that he had no sympathy what so ever and that he didnt pay very well for their hard work..☼
i think that john D. Rockefeller was a very smart man to have 91% of the oil companies in the united states but that the way he paid his workers wasn't that good he should have paid them more...i mean he had the money to pay them at least a little bit more...
It may seem like Rockefeller was a good guy who give money to charities which is true but if you put yourself inside the shoes of his workers its a different story.His workers would consider him a greedy man why cared for his money and not the money he should have given to his workers.
I WOULD HAVE TO SAY THAT ROCKEFELLER'S WORKERS WOULD HAVE DEFINTELY CONSIDERED HIM TO BE A LOUSY BOSS AND INCONSIDERED, DUE TO THE FACT OF THE CONDITIONS(WAGES) N BENEFITS THE WORKERS RECEIVED
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