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John D. Rockefeller
John Davison Rockefeller Sr. (July 8, 1839 – May 23, 1937) was an American business magnate and philanthropist. He has been widely considered the wealthiest American of all time and the richest person in modern history. Rockefeller was born into a large family in Upstate New York that moved several times before eventually settling in Cleveland. He became an assistant bookkeeper at age 16 and went into several business partnerships beginning at age 20, concentrating his business on oil refining. Rockefeller founded the Standard Oil Company in 1870. He ran it until 1897 and remained its largest shareholder. Rockefeller's wealth soared as kerosene and gasoline grew in importance, and he became the richest person in the country, controlling 90% of all oil in the United States at his peak. Oil was used throughout the country as a light source until the introduction of electricity, and as a fuel after the invention of the automobile. Furthermore, Rockefeller gained enormous i ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Rockefeller Family
The Rockefeller family () is an American industrial, political, and banking family that owns one of the world's largest fortunes. The fortune was made in the American petroleum industry during the late 19th and early 20th centuries by brothers John D. Rockefeller and William A. Rockefeller Jr., primarily through Standard Oil (the predecessor of ExxonMobil and Chevron Corporation). The family had a long association with, and control of, Chase Manhattan Bank.''The Political Economy of Third World Intervention: Mines, Money, and U.S. Policy in the Congo Crisis'', David N. Gibbs, University of Chicago Press 1991, page 113 By 1977, the Rockefellers were considered one of the most powerful families in American history.''The Rockefeller inheritance'', Alvin Moscow, Doubleday 1977, page 418 The Rockefeller family originated in Rhineland in Germany and family members moved to the Americas in the early 18th century, while through Eliza Davison, with family roots in Middlesex Co ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
List Of Richest Americans In History
Most sources agree that John D. Rockefeller was the richest American in history having amassed a wealth of more than $445 billion in 2022 dollars. There are various methods of comparing individuals' wealth across time, including using simple inflation-adjusted totals or calculating an individual's wealth as a share of contemporary gross domestic product (GDP). For example, economic blogger Scott Sumner noted in 2018 that Rockefeller was worth $1.4 billion when he died in 1937, which was about $24 billion in dollars adjusted to 2018. Meanwhile, Bill Gates in 1999 was worth nearly $150 billion in dollars adjusted to 2018. The second-richest person in terms of wealth vs. contemporary GDP is disputed. Most sources list Andrew Carnegie, but others say Gates, Cornelius Vanderbilt I, John Jacob Astor IV, or Henry Ford. Lower ranks are a matter of even bigger debate. Vanderbilt left a fortune worth $100 million upon his death in 1870 ($ today). As the United States became the foremo ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
ExxonMobil
ExxonMobil Corporation (commonly shortened to Exxon) is an American multinational oil and gas corporation headquartered in Irving, Texas. It is the largest direct descendant of John D. Rockefeller's Standard Oil, and was formed on November 30, 1999, by the merger of Exxon and Mobil, both of which are used as retail brands, alongside Esso, for fueling stations and downstream products today. The company is vertically integrated across the entire oil and gas industry, and within it is also a chemicals division which produces plastic, synthetic rubber, and other chemical products. ExxonMobil is incorporated in New Jersey. ExxonMobil's earliest corporate ancestor was Vacuum Oil Company, though Standard Oil is its largest ancestor prior to its breakup. The entity today known as ExxonMobil grew out of the Standard Oil Company of New Jersey (or Jersey Standard for short), the corporate entity which effectively controlled all of Standard Oil prior to its breakup. Jersey Standard gr ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Antitrust Laws
Competition law is the field of law that promotes or seeks to maintain market competition by regulating anti-competitive conduct by companies. Competition law is implemented through public and private enforcement. It is also known as antitrust law (or just antitrust), anti-monopoly law, and trade practices law. The history of competition law reaches back to the Roman Empire. The business practices of market traders, guilds and governments have always been subject to scrutiny, and sometimes severe sanctions. Since the 20th century, competition law has become global. The two largest and most influential systems of competition regulation are United States antitrust law and European Union competition law. National and regional competition authorities across the world have formed international support and enforcement networks. Modern competition law has historically evolved on a national level to promote and maintain fair competition in markets principally within the territorial ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Standard Oil Co
Standard may refer to: Symbols * Colours, standards and guidons, kinds of military signs * Standard (emblem), a type of a large symbol or emblem used for identification Norms, conventions or requirements * Standard (metrology), an object that bears a defined relationship to a unit of measure used for calibration of measuring devices * Standard (timber unit), an obsolete measure of timber used in trade * Breed standard (also called bench standard), in animal fancy and animal husbandry * BioCompute Standard, a standard for next generation sequencing * ''De facto'' standard, product or system with market dominance * Gold standard, a monetary system based on gold; also used metaphorically for the best of several options, against which the others are measured * Internet Standard, a specification ratified as an open standard by the Internet Engineering Task Force * Learning standards, standards applied to education content * Standard displacement, a naval term describing the w ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Ida Tarbell
Ida Minerva Tarbell (November 5, 1857January 6, 1944) was an American writer, investigative journalist, biographer and lecturer. She was one of the leading muckrakers of the Progressive Era of the late 19th and early 20th centuries and pioneered investigative journalism. Born in Pennsylvania at the beginning of the oil boom, Tarbell is best known for her 1904 book '' The History of the Standard Oil Company.'' The book was published as a series of articles in ''McClure's Magazine'' from 1902 to 1904. It has been called a "masterpiece of investigative journalism", by historian J. North Conway, as well as "the single most influential book on business ever published in the United States" by historian Daniel Yergin. The work contributed to the dissolution of the Standard Oil monopoly and helped usher in the Hepburn Act of 1906, the Mann-Elkins Act, the creation of the Federal Trade Commission (FTC), and passage of the Clayton Antitrust Act. Tarbell also wrote several biographies ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Trust (business)
A trust or corporate trust is a large grouping of business interests with significant market power, which may be embodied as a corporation or as a group of corporations that cooperate with one another in various ways. These ways can include constituting a trade association, owning stock in one another, constituting a corporate group (sometimes specifically a conglomerate (company), conglomerate), or combinations thereof. The term ''trust'' is often used in a historical sense to refer to monopoly, monopolies or near-monopolies in the United States during the Second Industrial Revolution in the 19th century and early 20th century. The use of corporate trusts during this period is the historical reason for the name "United States antitrust law, antitrust law". In the broader sense of the term, relating to trust law, a trust is a centuries-old legal arrangement whereby one party conveys legal possession and title of certain property to a second party, called a trustee. While that trus ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Oil Refining
An oil refinery or petroleum refinery is an industrial process plant where petroleum (crude oil) is transformed and refined into useful products such as gasoline (petrol), diesel fuel, asphalt base, fuel oils, heating oil, kerosene, liquefied petroleum gas and petroleum naphtha. Petrochemicals feedstock like ethylene and propylene can also be produced directly by cracking crude oil without the need of using refined products of crude oil such as naphtha. The crude oil feedstock has typically been processed by an oil production plant. There is usually an oil depot at or near an oil refinery for the storage of incoming crude oil feedstock as well as bulk liquid products. In 2020, the total capacity of global refineries for crude oil was about 101.2 million barrels per day. Oil refineries are typically large, sprawling industrial complexes with extensive piping running throughout, carrying streams of fluids between large chemical processing units, such as distillation colum ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Cleveland
Cleveland ( ), officially the City of Cleveland, is a city in the United States, U.S. U.S. state, state of Ohio and the county seat of Cuyahoga County, Ohio, Cuyahoga County. Located in the northeastern part of the state, it is situated along the southern shore of Lake Erie, across the U.S. Canada–United States border, maritime border with Canada, northeast of Cincinnati, northeast of Columbus, Ohio, Columbus, and approximately west of Pennsylvania. The largest city on Lake Erie and one of the major cities of the Great Lakes region, Cleveland ranks as the List of United States cities by population, 54th-largest city in the U.S. with a 2020 population of 372,624. The city anchors both the Greater Cleveland, Greater Cleveland metropolitan statistical area (MSA) and the larger Northeast Ohio, Cleveland–Akron–Canton combined statistical area (CSA). The CSA is the most populous in Ohio and the 17th largest in the country, with a population of 3.63 million in 2020, while th ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Upstate New York
Upstate New York is a geographic region consisting of the area of New York (state), New York State that lies north and northwest of the New York metropolitan area, New York City metropolitan area. Although the precise boundary is debated, Upstate New York excludes New York City and Long Island, and most definitions of the region also exclude all or part of Westchester County, New York, Westchester and Rockland County, New York, Rockland counties, which are typically included in Downstate New York. Major cities across Upstate New York from east to west include Albany, New York, Albany, Utica, New York, Utica, Binghamton, New York, Binghamton, Syracuse, New York, Syracuse, Rochester, New York, Rochester, and Buffalo, New York, Buffalo. Upstate New York is divided into several subregions: the Hudson Valley (of which the lower part is sometimes debated as to being "upstate"), the Capital District, New York, Capital District, the Mohawk Valley region, Central New York, the Southern T ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Public Broadcasting Service
The Public Broadcasting Service (PBS) is an American public broadcaster and non-commercial, free-to-air television network based in Arlington, Virginia. PBS is a publicly funded nonprofit organization and the most prominent provider of educational programming to public television stations in the United States, distributing shows such as ''Frontline'', '' Nova'', '' PBS NewsHour'', ''Sesame Street'', and ''This Old House''. PBS is funded by a combination of member station dues, the Corporation for Public Broadcasting, pledge drives, and donations from both private foundations and individual citizens. All proposed funding for programming is subject to a set of standards to ensure the program is free of influence from the funding source. PBS has over 350 member television stations, many owned by educational institutions, nonprofit groups both independent or affiliated with one particular local public school district or collegiate educational institution, or entities owned ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
