J.D. ROCKEFELLER; ROBBER BARON

Name and photo

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• Americas first millionare
• After graduatfrom high school in 1855, the family sent him to a Cleveland business school..
• Before his death in 1937, Rockefeller gave away nearly half of his fortune. Churches, medical foundations, universities, and centers for the arts received hefty sums of oil money.

When EDWIN DRAKE discovered oil in 1859 in Titusville, Pennsylvania, Rockefeller saw the future.Rockefeller introduced techniques that totally reshaped the OIL INDUSTRY. In the mid-19th century, the chief demand was for kerosene. In the refining process, there are many by-products when CRUDE OIL is converted to KEROSENE. What others saw as waste, Rockefeller saw as gold. He sold one byproduct paraffin to candlemakers and another byproduct petroleum jelly to medical supply companies. He even sold off other "waste" as paving materials for roads. He shipped so many goods that railroad companies drooled over the prospect of getting his business.As a result of Rockefeller's shrewd business practices, his large corporation, the STANDARD OIL COMPANY, became the largest business in the land.

HOW HE MADE HIS$$$

• When EDWIN DRAKE discovered oil in 1859 in Titusville, Pennsylvania, Rockefeller saw the future.
• Rockefeller introduced techniques that totally reshaped the OIL INDUSTRY.

Business or industry he owned

Some practices oh his that may have been seen as underhanded

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