How much did rockefeller make in 1870 s money

Flynn Biographer Ron Chernow wrote of Rockefeller: []. With oil production ramping up in western Pennsylvania, Rockefeller decided that establishing an oil refinery near Cleveland, a short distance from Pittsburgh, would be a good business move.

When he passed away at the age of 97 John D. All Rights Reserved. The material on this site can not be reproduced, distributed, transmitted, cached or otherwise used, except with prior written permission of Multiply. Hottest Questions. Previously Viewed.

Standard Oil, his company, is one of the biggest reasons we have anti-monopoly laws

John Davison Rockefeller 8 July — 23 May was an American business tycoon, industrialist , and book-keeper, most famous for his role in the early petroleum-industry and the founding of Standard Oil. Measured in today’s dollars, Rockefeller is the richest person in the history of mankind. He was also the first billionaire in US dollars in history. With his son John D. Rockefeller, Jr. Disputed [ edit ] I have ways of making money that you know nothing of. Rockefeller doubted that he said this, according to John D.

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John Davison Rockefeller 8 July — 23 May was an American business tycoon, industrialistand book-keeper, most famous for his role in the early petroleum-industry and the founding of Standard Oil. Measured in today’s dollars, Rockefeller is the richest person in the history of mankind.

He rockefe,ler also koney first billionaire in US dollars in history. With his son John D. Rockefeller, Jr. Disputed [ edit ] I have ways of making money that you know nothing of. Rockefeller doubted that he said this, according to John D. Fitzhenry, p. How much did rockefeller make in 1870 s money found attributed to Rockefeller until Misattributed [ edit ] The only question with wealth is, what do you do with it?

Though attributed to John D. Rockefeller, Sr. Hart, p. It can be used for evil purposes or it can be an instrumentality for constructive social living. Wikipedia has an article about: John D. Namespaces Page Discussion. Views Read Edit View history. In other projects Wikimedia Commons Wikipedia.

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Josephson, Matthew. Money making was considered by him a God-given gift. There are various estimates, but most of them fluctuate between and billion USD. Rockefeller was born in Richford, New Yorkthen part of the Burned-over district —a New York state area being the site of an evangelical revival known as the Second Great Awakening ; it drew masses to various Protestant churches—especially Baptist ones—urging believers to follow such ideals as hard work, prayer and good deeds to build «the Kingdom of God on Earth. Credits New World Encyclopedia writers and editors rewrote and completed the Wikipedia article in accordance with New World Encyclopedia standards. Rockefeller also was a driving force behind the preservation of Williamsburg, Virginia, as a historic landmark. Gasoline, up to that time a useless byproduct of oil refining, made the companies formed from the trust wealthier than they had ever. Oysters Rockefeller was named for him because the dish was so «rich. Standard Oil then appealed to the U. A state agency created by Governor Carlson, offered work to unemployed miners building roads and doing other useful projects. Whale oil had become too expensive for the masses, and a cheaper, general-purpose lighting fuel was needed. InStandard started acquiring new oil pipeline networks. Harr, John Ensor, and Peter J. He later called it «the best investment I ever. The trustees directed the management of the entire enterprise and distributed dividends profits to all stockholders.