During the late 1800's and early 1900's the oil industry was a monopoly that was created by one man. Some people would describe this man as a ruthless, cruel, cutthroat business tycoon. This man was John Davison Rockefeller. John D. Rockefeller made the Standard Oil Company, becoming America's first billionaire, and then gave away more than half his fortune to charities. John Rockefeller was a dedicated businessman who built himself an empire from nothing and helped others with his generous donations. His business ended up helping smaller businesses because of the new laws and restrictions that needed to be created in order for the U.S. government to have a handle on the Standard Oil Company. John D. Rockefeller changed the oil industry, created and greatly contributed to many charities in America.
Rockefeller was born on July 8, 1839 in Richford, New York (J.D.R. J.D.R. Page n.p.). He married Laura C. Spelman (1839-1915) on September 8, 1864 (Rockefeller Family and Associates n.p.). His mother, Eliza Davison Rockefeller, was very religious and disciplined, she was the person who taught him to work hard, save and give to charities (J.D.R. J.D.R. Page n.p.). Rockefeller's mother had the biggest influenc
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Rockefeller changed the thinking in businesses because he was a first to own all the materials to run a large business. By the time he died he had given the University of Chicago more than $80 million, as well as founding it (J. Rockefeller put his brother, William, in charge of a firm in New York City as Manager of Atlantic Coast trade and export of kerosene in 1866 (J. Rockefeller also gave money to Yale, Harvard, Columbia, Brown, Spellman, Bryn, Mawr, Wellesly, Vassar, YMCAs, YWCAs, Palisades Interstate Park Commission; San Francisco Earthquake victims; Anti-Saloon League; Rockefeller parks in Cleveland and missionary organizations (Rockefeller Family and Associates n. Rockefeller was a careful planner and wanted to waste as little as possible.
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