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John D. Rockefeller
John Davison Rockefeller Sr. (July 8, 1839 – May 23, 1937) was an American businessman and philanthropist. He was one of the List of richest Americans in history, wealthiest Americans of all time and one of the richest people in modern history. Rockefeller was born into a large family in Upstate New York who moved several times before eventually settling in Cleveland, Ohio. 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. In his retirement, he focused his energy and wealth on philanthropy, especially regarding education, medicine, higher education, and modernizing the Southern United States. Rockefeller's wealth grew substantially as kerosene and gasoline became increasingly important commodities, eventually making him the richest person in the United States. By ...
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Rockefeller Family
The Rockefeller family ( ) is an American Industrial sector, industrial, political, and List of banking families, banking family that owns one of the world's largest fortunes. The fortune was made in the History of the petroleum industry in the United States, 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 1987, the Rockefellers were considered one of the most powerful families in history of the United States, American history.''The Rockefeller inheritance'', Alvin Moscow, Doubleday 1977, page 418 The Rockefellers originated in the Rhineland in Germany and famil ...
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Richford, New York
Richford is a town in Tioga County, New York, United States. The population was 1,043 at the 2020 census. The town is named after Ezekial Rich, an early settler and benefactor of the town. The Town of Richford is the northernmost town in the county and is southeast of Ithaca. History European-American settlement began around 1808 when Evan Harris brought his family here. Samuel Smith was the first to settle within the present village site in 1813. The first tavern was built in the village in 1817 at the site of the Richford Hotel (now the Richford Quickway) by Beriah Wells. Ezekial Rich moved to the town in 1821 when he purchased the tavern from Beriah Wells. He established a glove and mitten factory, and later opened a general store. The town was first formed from the Town of Berkshire as the "Town of Arlington" in 1831. In 1832 it changed its name to the Town of Richford. Local oral history links several properties in Richford with the Underground Railroad in the antebellum ...
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AskMen
AskMen is a free online men's web portal, with international versions in Australia, Canada, the Middle East, the United Kingdom and the United States. It is owned by Ziff Davis and operates through the IGN Entertainment unit. History AskMen was founded in August 1999 by Ricardo Poupada, Christopher Bellerose Rovny and Luís Rodrigues (all three graduates of Concordia University's John Molson School of Business in Montreal, Canada). The company secured $500,000 in venture capital in 2000 while its main competitor, TheMan.com, obtained $17 million in financing from Highland Capital. In November 2000, TheMan.com shut down operations, providing an opportunity for AskMen to become the largest men's lifestyle website online. By 2001, AskMen surpassed the other websites in its category to become the largest men's lifestyle website. In 2005, it was acquired by ''IGN''. In December 2009, the site had an estimated 12 million unique visitors. Print In May 2007 AskMen launched a three-bo ...
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ExxonMobil
Exxon Mobil Corporation ( ) is an American multinational List of oil exploration and production companies, oil and gas corporation headquartered in Spring, Texas, a suburb of Houston. Founded as the Successors of Standard Oil, largest direct successor of John D. Rockefeller's Standard Oil, the modern company was formed in 1999 following the merger of Exxon and Mobil. It is Vertical integration, vertically integrated across the entire oil and gas industry, as well as within its chemicals division, which produces plastic, synthetic rubber, and other chemical products. As the largest U.S.-based oil and gas company, ExxonMobil is the List of largest companies in the United States by revenue, seventh-largest company by revenue in the U.S. and List of largest companies by revenue, 13th-largest in the world. It is the largest investor-owned oil company in the world. Approximately 55.56% of the company's shares are held by institutions, the largest of which as of 2019 were The Vanguard ...
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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 act of pushing for antitrust measures or attacking monopolistic companies (known as trusts) is commonly known as trust busting. 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 ...
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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 we ...
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Ida Tarbell
Ida Minerva Tarbell (November 5, 1857January 6, 1944) was an American writer, Investigative journalism, investigative journalist, List of biographers, biographer, and lecturer. She was one of the leading muckrakers and reformers of the Progressive Era of the late 19th and early 20th centuries and was a pioneer of 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 first published as a series of articles in ''McClure's'' 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, Mann-Elkins Act, the creation of the Federal Trade Commission (FTC), ...
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Monopoly Power
A monopoly (from Greek and ) is a market in which one person or company is the only supplier of a particular good or service. A monopoly is characterized by a lack of economic competition to produce a particular thing, a lack of viable substitute goods, and the possibility of a high monopoly price well above the seller's marginal cost that leads to a high monopoly profit. The verb ''monopolise'' or ''monopolize'' refers to the ''process'' by which a company gains the ability to raise prices or exclude competitors. In economics, a monopoly is a single seller. In law, a monopoly is a business entity that has significant market power, that is, the power to charge overly high prices, which is associated with unfair price raises. Although monopolies may be big businesses, size is not a characteristic of a monopoly. A small business may still have the power to raise prices in a small industry (or market). A monopoly may also have monopsony control of a sector of a market. A mono ...
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Regulatory Capture
In politics, regulatory capture (also called agency capture) is a form of corruption of authority that occurs when a political entity, policymaker, or regulator is co-opted to serve the commercial, ideological, or political interests of a minor constituency, such as a particular geographic area, industry, profession, or ideological group. When regulatory capture occurs, a special interest is prioritized over the general interests of the public, leading to a net loss for society. The theory of '' client politics'' is related to that of rent-seeking and political failure; client politics "occurs when most or all of the benefits of a program go to some single, reasonably small interest (e.g., industry, profession, or locality) but most or all of the costs will be borne by a large number of people (for example, all taxpayers)". Theory For public choice theorists, regulatory capture occurs because groups or individuals with high-stakes interests in the outcome of policy or reg ...
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Kerosene
Kerosene, or paraffin, is a combustibility, combustible hydrocarbon liquid which is derived from petroleum. It is widely used as a fuel in Aviation fuel, aviation as well as households. Its name derives from the Greek (''kērós'') meaning "wax"; it was registered as a trademark by Nova Scotian, Nova Scotia geologist and inventor Abraham Pineo Gesner, Abraham Gesner in 1854 before evolving into a generic trademark. It is sometimes spelled kerosine in scientific and industrial usage. Kerosene is widely used to power jet engines of aircraft (jet fuel), as well as some rocket engines in a highly refined form called RP-1. It is also commonly used as a cooking and lighting fuel, and for fire toys such as Poi (performance art)#Fire poi, poi. In parts of Asia, kerosene is sometimes used as fuel for small outboard motors or even motorcycles. World total kerosene consumption for all purposes is equivalent to about 5,500,000 barrels per day as of July 2023. The term "kerosene" is comm ...
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Southern United States
The Southern United States (sometimes Dixie, also referred to as the Southern States, the American South, the Southland, Dixieland, or simply the South) is List of regions of the United States, census regions defined by the United States Census Bureau. It is between the Atlantic Ocean and the Western United States, with the Midwestern United States, Midwestern and Northeastern United States to its north and the Gulf of Mexico and Mexico to its south. Historically, the South was defined as all states south of the 18th-century Mason–Dixon line, the Ohio River, and the Parallel 36°30′ north, 36°30′ parallel.The South
. ''Britannica''. Retrieved June 5, 2021.
Within the South are different subregions such as the Southeastern United States, Southeast, South Central United States, South Central, Upland South, Upper South, and ...
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Shareholder
A shareholder (in the United States often referred to as stockholder) of corporate stock refers to an individual or legal entity (such as another corporation, a body politic, a trust or partnership) that is registered by the corporation as the legal owner of shares of the share capital of a public or private corporation. Shareholders may be referred to as members of a corporation. A person or legal entity becomes a shareholder in a corporation when their name and other details are entered in the corporation's register of shareholders or members, and unless required by law the corporation is not required or permitted to enquire as to the beneficial ownership of the shares. A corporation generally cannot own shares of itself. The influence of shareholders on the business is determined by the shareholding percentage owned. Shareholders of corporations are legally separate from the corporation itself. They are generally not liable for the corporation's debts, and the shareholders ...
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