John Davison Rockefeller was born the second of six children to a working class family in Richford, New York. In 1853, his family moved to a farm in Strongsville, Ohio, near Cleveland. He attend a public education, but left high school to take business training.
In 1855, Rockefeller found his first job, working as an assistant bookkeeper for less than four dollars a week. He was very good at the job from the beginning. He had great talent, detail and showed hard work. In 1859, Rockefeller’s diligence was rewarded by being made a partner.
In that same year, oil was discovered in Titusville, Pennsylvania. The demand for oil, at this time, came mostly from the demand for kerosene, that was used for lighting. Although Rockefeller became interested in the oil business, he did not like the risky investors called wildcatters.
Rockefeller created a refining business with Maurice B. Clark and other partners in 1863. Cleveland, became the main refining place because of the Great Lakes access and rail service and the many workers from other countries. Rockefeller started the Standard Oil Company with his brother William, Henry M. Flagler, and Samuel Andrews in 1870.
Standard Oil quickly controlled the refining business in the Cleveland area and then into Pittsburgh, Philadelphia and New York City. Standard Oil began to take over the oil business and by 1882 it was the largest oil monopoly. Rockefeller became the world’s richest man and the first American to be worth over one billion dollars. Ten years later, the Supreme court ruled to divide his company up into 20 smaller companies. By this time, Rockefeller retired.
In the last 26 years of his life, Rockefeller spent his time as a philanthropist, giving to the needy. Rockefeller created many foundations which influenced medicine, education and scientific research. Medical research from one of these foundations helped to eliminate hookworm and yellow fever. Rockefeller also founded the University of Chicago and Rockefeller University.
Being a devoted Baptist, Rockefeller supported many religious groups. He regularly attended and was very involved with the Erie Street Mission Baptist Church. Rockefeller believed that his religion was the reason for his wealth. JD Rockefeller arteriosclerosis on May 23, 1937 at his home in Ormond Beach, Florida. This was two months before his 98th birthday.
Bibliography
John D. Rockefeller; http://en.wikipedia.org/wiki/
J.D. Rockefeller; http://www.u-s-history.com