John D. Rockefeller
John D. Rockefeller
(July 8, 1839 May 23, 1937)
Life and family background
· Rockefeller was the second of six children born
· His father, a traveling salesman who the locals
referred to as "Big Bill."
· His mother, a homemaker and devout Baptist.
· He attended Owego Academy.
· Young John D. Rockefeller is described as articulate,
methodical, and discreet.
Field of business
· was an American industrialist and
philanthropist.
· In 1859, Rockefeller and Maurice B. Clark
built an oil refinery in 1863 in "The Flats."
· In January 1870, Rockefeller formed
Standard Oil of Ohio, which rapidly
became the most profitable refiner in
Cleveland.
Key to success
· Rockefeller borrowed heavily and
reinvested most of the profits.