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Rockefeller, John D.

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John D. Rockefeller Summary

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John D. Rockefeller

Born July 8, 1839 (Richford, New York)

Died May 23, 1937 (Ormond, Florida)

Industrialist

Philanthropist

John D. Rockefeller was one of the most successful industrialists in the history of the United States. His creation of the powerful Standard Oil Trust in the late nineteenth century permanently changed the course of business in the country. Rockefeller was a disciplined, serious, and ambitious man, driven by a desire for order and efficiency. When the oil industry was new, he quickly saw that competition among small companies would lower profits for everyone, and he attempted to take over the entire business to keep this from occurring. To gain the monopoly, or the exclusive possession or right to produce a particular good or service, he evaded and broke laws and destroyed the careers of many rivals. In contrast to his less desirable actions, however, Rockefeller was also a great philanthropist who gave substantial amounts of money to help institutions and organizations. The American public was split in its opinion of the man. Some thought him an evil genius seeking to gain too much control over the economy, but he was viewed by others as a kind man who tried to help his fellow man.

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Rockefeller, John D. from Development of the Industrial U.S. Reference Library. ©2005-2006 by U•X•L. U•X•L is an imprint of Thomson Gale, a division of Thomson Learning, Inc. All rights reserved.

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