https://padlet.com/joseph1530z/q8rzbi10tv8f en-us 2017-01-21 02:17:15 UTC 2018-10-10 21:46:44 UTC hello@padlet.com joseph1530z https://padlet.com/joseph1530z/q8rzbi10tv8f/wish/148497624  John D. Rockefeller was an oil tycoon during the late 19th century. Born in Richford, NY in 1838, Rockefeller began his business career in his early years. At the age of 20, Rockefeller, with another business partner from a previous office job, began work as a commission merchant, fostering a thriving business. In the 1860's, Rockefeller became interested in the oil industry, establishing refineries near Cleveland, Ohio. Before long, Rockefeller had devoted his whole business to oil, incorporating standard oil in 1870.]]> 2017-01-21 02:18:33 UTC https://padlet.com/joseph1530z/q8rzbi10tv8f/wish/148497624 joseph1530z https://padlet.com/joseph1530z/q8rzbi10tv8f/wish/148497806 American Pageant, 2006 edition
AMSCO U.S. History
http://www.biography.com/people/john-d-rockefeller-20710159]]> 2017-01-21 02:33:23 UTC https://padlet.com/joseph1530z/q8rzbi10tv8f/wish/148497806 joseph1530z https://padlet.com/joseph1530z/q8rzbi10tv8f/wish/148497816 Though merciless in the business world, Rockefeller was a great philanthropist. Rockefeller favored education, using his fortune to fund universities and educational institutions. He help found the General Education board, which supported institutions of higher learning. He funded medical research and helped open medical centers. ]]> 2017-01-21 02:34:14 UTC https://padlet.com/joseph1530z/q8rzbi10tv8f/wish/148497816 joseph1530z https://padlet.com/joseph1530z/q8rzbi10tv8f/wish/148497825 As the owner of Standard Oil, he gained control of over 90% of oil refineries in the country by ruthlessly eliminating his competition, which he considered the nature of business. Rockefeller built his corporation from the ground up using the practice of horizontal integration, buying out all competitors to gain a monopoly on the market. This caused weaker competitors to succumb to bankruptcy. ]]> 2017-01-21 02:35:01 UTC https://padlet.com/joseph1530z/q8rzbi10tv8f/wish/148497825 joseph1530z https://padlet.com/joseph1530z/q8rzbi10tv8f/wish/148497918 Rockefeller obtained most of his wealth from the oil industry. Favorable economic conditions and shrewd business practices helped him amass colossal amounts of wealth. By keeping margins high, eliminating competition, and spreading out his oil refineries, Rockefeller built his prosperous corporation and gained billions of dollars. ]]> 2017-01-21 02:41:22 UTC https://padlet.com/joseph1530z/q8rzbi10tv8f/wish/148497918