By: Ali

Marchant



John D.
Rockefeller


Born: July 8, 1839,
Richford, NY


Died: May 23, 1937, Ormond
Beach, FL


Education: Chancellor
University




Buried: Lake View Cemetery,
Cleveland, OH
John Davison Rockefeller, Sr.
was an American business
magnate and philanthropist. He
was a co-founder of the
Standard Oil Company, which
dominated the oil industry and
was the first great U.S. business
trust.
Rockefeller was also the founder
of both the University of Chicago
and Rockefeller University
Rockefeller was the second of six
children and eldest son born in
Richford, New York, to con artist
William Avery "Bill" Rockefeller
liza, a homemaker and devout
Baptist, struggled to maintain a
semblance of stability at home, as
Bill was frequently gone for
extended periods.

She also put up with his
philandering and his double life,
which included bigamy.

[15] Thrifty by nature and
necessity, she taught her son that
"willful waste makes woeful want."
hen he was a boy, his
family moved to Moravia,
NY, and in 1851 to Owego,
where he attended Owego
Academy.

In 1853, his family moved to
Strongsville, a suburb of
Cleveland.]
Rockefeller attended Cleveland's
Central High School and then took
a ten-week business course at
Folsom's Commercial College, where
he studied bookkeeping.[18
n 1866, his brother William
Rockefeller Jr. built another
refinery in Cleveland and brought
John into the partnership. In 1867,
Henry M. Flagler became a partner,
and the firm of Rockefeller,
Andrews & Flagler was
established.

By 1868, with Rockefeller
continuing practices of borrowing
and reinvesting profits,
controlling costs, and using
refineries' waste, the company
owned two Cleveland refineries and
a marketing subsidiary in New York;
it was the largest oil refinery in
the world.

[30][31] Rockefeller, Andrews &
Flagler was the predecessor of the
Standard Oil Company.
By 1868, with Rockefeller continuing practices of
borrowing and reinvesting profits, controlling costs,
and using refineries' waste, the company owned two
Cleveland refineries and a marketing subsidiary in
New York; it was the largest oil refinery in the world.
tandard Oil's production increased
so rapidly it soon exceeded US
demand and the company began
viewing export markets. In the
1890s, Standard Oil began
marketing kerosene to China's
large population of close to 400
million as lamp fuel.

[15] For its Chinese trademark and
brand Standard Oil adopted the
name Mei Foo (Chinese: ), (which
translates to American
Trust).[16][17] Mei Foo also became
the name of the tin lamp that
Standard Oil produced and gave
away or sold cheaply
to Chinese farmers,
encouraging them to
switch from vegetable
oil to kerosene.
Response was positive,
sales boomed and
China became
Standard Oil's largest
market in Asia. Prior
to Pearl Harbor,
Stanvac was the
largest single US
investment in SE Asia.[
as well as other non-family philanthropic institutions.
These include: the Commonwealth Fund, Charles E.
Culpeper Foundation, Lucille P. Markey Charitable
Trust, and the John and Mary R. Markle Foundation.
The Rockefeller Archive Center, an independent
foundation that was until 2008 a division of
Rockefeller University,[14] is a vast three-story
underground bunker built below the Martha Baird
Rockefeller Hillcrest mansion on the family estate at
Pocantico (see Kykuit). Along forty-foot-long walls of
shelves on rails,

maintained by ten full-time archivists, is the entire
repository of personal and official papers and
correspondence of the complete family and its
members, along with historical papers of its
numerous foundations,

as well as other non-family philanthropic institutions.
These include: the Commonwealth Fund, Charles E.
Culpeper Foundation, Lucille P. Markey Charitable
Trust, and the John and Mary R. Markle Foundation.
1890, Standard Oil controlled 88
percent of the refined oil flows in the
United States.



The state of Ohio successfully sued
Standard, compelling the dissolution of
the trust in 1892.



But Standard simply separated
Standard Oil of Ohio and kept control of
it. Eventually, the state of New Jersey
changed its incorporation laws to
allow a company to hold shares in
other companies in any state.