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Encyclopedia Britannica - Main :: RHY-RON |
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ROCKEFELLER, JOHN DAVISON (i839 ) , American capitalist, was born in Richford, Tioga county, New York
Harkness formed the Standard Oil Company, with a capital of $1,000,000 (increased in 1872 to $2,500,000 and in 1874 to $3,500,000), of which John D. Rockefeller was president. This great corporation gradually established itself in practical control of the oil production in America, by means of business methods and financial operations which have been severely criticized, but which brought immense wealth to those concerned. Its capital was further increased in 1882, when separate companies were organized in each state; and in later years, as the first great American " trust," the Standard Oil Company was hotly attacked during the anti-trust movement
Corporation , and his personal wealth was probably greater than that of any other man in the country. In private life he was a devoted member of the Baptist church, and his benefactions were numerous. To " the University of Chicago founded by John D. Rockefeller " (in 1892) he had given, up to 1910, $24,809,666, while to the General Education Board he had given $43,000,000; he founded (Igor) and supported the Rockefeller Institute for Medical Research in New York
endow a medical commission to investigate the nature of the hook-worm and to suppress the hook-worm disease. See Ida M. Tarbell's History of the Standard Oil Company (New York, 1903), a severe attack on the Trust; also his own Random Reminiscences (1909).End of Article: ROCKEFELLER, JOHN DAVISON (i839 ) If you wish, you can link directly to this article.
<a href="http://jcsm.org/StudyCenter/Encyclopedia/RHY_RON/ROCKEFELLER_JOHN_DAVISON_i839_.html"> ROCKEFELLER, JOHN DAVISON (i839 ) </a> |
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