https://padlet.com/aqueshaaddison56/bvdym85wn4z Why He Is A Robber Baron en-us 2016-12-21 01:14:57 UTC 2025-10-05 08:03:07 UTC hello@padlet.com https://padlet-assets.s3.amazonaws.com/icons/Manbag.png aqueshaaddison56 https://padlet.com/aqueshaaddison56/bvdym85wn4z/wish/144541473 American industrialist John D. Rockefeller was born on July 8, 1839, in New York. He built his first oil refinery near Cleveland and in 1870 incorporated the Standard Oil Company. By 1882, he had a near-monopoly of the oil business in the U.S. His shady business practices led to the passing of antitrust laws, which he is known for violating. ]]> 2016-12-21 01:18:01 UTC https://padlet.com/aqueshaaddison56/bvdym85wn4z/wish/144541473 aqueshaaddison56 https://padlet.com/aqueshaaddison56/bvdym85wn4z/wish/144541478 Rockefeller was an OIL TYCOON;
he used horizontal integration and ended up controlling 90% of the US' oil refineries]]> 2016-12-21 01:18:18 UTC https://padlet.com/aqueshaaddison56/bvdym85wn4z/wish/144541478 aqueshaaddison56 https://padlet.com/aqueshaaddison56/bvdym85wn4z/wish/144541483 Rockefeller became one of the world's wealthiest men through horizontal integration; the process of a company increasing production of goods or services at the same part of the supply chain. This led to his near-monopoly- his company captured the vast majority for oil. ]]> 2016-12-21 01:18:36 UTC https://padlet.com/aqueshaaddison56/bvdym85wn4z/wish/144541483 aqueshaaddison56 https://padlet.com/aqueshaaddison56/bvdym85wn4z/wish/144541497 He gave 500 million to several philanthropic organizations. Rockefeller began donating to society well after the damage had been done; despite the fact that he DID donate, his only motive was to avoid public criticism. ]]> 2016-12-21 01:19:08 UTC https://padlet.com/aqueshaaddison56/bvdym85wn4z/wish/144541497 aqueshaaddison56 https://padlet.com/aqueshaaddison56/bvdym85wn4z/wish/146040802 1) He violated the Sherman Anti-Trust Act
2) He provided low wages for a majority of his workers despite the large profit he was making
3) Rockefeller used sneaky business methods to boost his own profit, even if it meant someone else lost their entire company]]> 2017-01-09 16:47:08 UTC https://padlet.com/aqueshaaddison56/bvdym85wn4z/wish/146040802