Captains of Industry Vs. Robber Barons

John Davidson Rockefeller was once the worlds richest person. He made his cash in the oil blood and later became a famous philanthropist. Rockefeller was born(p) in Richford, N. Y. When he was 14 years old, his family moved to Cleveland. Rockefeller started work as a clerk at a sm wholly produce firm. He then formed a partnership in a element commission house. He used the profits from that to enter the oil business at 23. At that time, the production of oil and refining was a circumstantial organization. Rockefeller set out to make the industry orderly and efficient.Fifteen years later, he achieved his goal of having oil products flow from producer to consumer controlled by one come withThe Standard oil colour Company. Standard Oil, which was established in 1870, grew out of some(prenominal) oil companies owned by Rockefeller, his younger brother William, and some associates. Rockefeller in like manner concentrated on transportation. He built tank cars and distribution syste ms. In 1882, Rockefeller organized the Standard Oil Trust. He then controlled almost all U. S. oil refining and distribution and much of the worlds oil trade.The immensity of Rockefellers holdings and ordinary criticism of his business methods caused the Ohio Supreme Court to dissolve the Standard Oil Trust in 1892. From 1895 to 1897, Rockefeller gradually retired from active business. By that time, he had started human activities. He helped found the University of Chicago in 1890, and by 1910 his gifts to that organization come $35 million. Rockefeller spent the rest of his life establishing the foundations through which he gave his funds to the public.