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Birth of John D. Rockefeller
Born in Richford, New York, this day pinpointes the beginning of the revolutionary entreprenuer John D. Rockefeller. -
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Life of John D. Rockefeller
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Moved to Cleveland, Ohio
After moving with his family in 1853, Mr. Rockefeller began some small business ventures as a teenager. -
Assistant Bookkeeper for Hewitt & Tuttle
John D. Rockefeller recieves his first job. -
Clark and Rockefeller
Mr. Rockefeller starts his first business with an english businessman and becomes very successful. -
Oil Refinery
John D. Rockefeller builds his first oil refinery near Cleveland, Ohio -
Rockefeller and Andrews
Jhon D. Rockefeller and Samuel Andrews buy out the rest of the business partners in John's first company, renaming it Rockefeller and Andrews. -
Standard Oil Company
Jhon D. Rockefeller starts the Standard Oil Company, and the company quickly grows. -
Cleveland Refinery Ownership
The Standard Oil Company owns the majority of Cleveland refineries only two years after it starts. -
American Oil Dominance
Standard Oil Company is refining 90 percent of American oil. -
Pipeline Dominance
Standard Oil Company now owns all the oil pipelines in America. The company has exclusive control over the oil market (monopoly). -
Legal Trouble
American Congress passes the Sherman Antitrust Act, a new law which will allow the american government to investigate "trusts" (companies with significant market power) and prohibit business activities that are "anti-competitive'. -
University of Chicago
Rockefeller gives 80 million dollars to help fund the University of Chicago. -
Standard Oil Company Dissolves
The Standard Oil Company is considered a violation of Ohio law by the Ohio Supreme Court. Rockefeller cleverly dissolves his corporation and allows each property formerly runned by the Standard Oil Company to be run by a different person, while keeping a firm hierachy in place. -
Rockefeller Retires
John D. Rockefeller, at age 56, retires from running businesses. -
Standard Oil Company is Back in Business
The Standard Oil Company is reinstated as a holding company (a company created to buy and possess the shares of other companies, which it then controls). -
Rockefeller Institute for Medical Research (Rockefeller University)
Jhon D. rockefeller helps to fund the Rockefeller university in New York. -
Rockefeller Sanitation Commission
Mr. Rockefeller creates the Rockefeller Sanitation Commission. This group helped to get rid of hookworm. -
Autobiography
John D. Rockefeller's autobiography, Random Reminiscences, was published. -
No Longer A Company
The U.S.A Supreme Court finds the Standard Oil Company a violation of the Sherman Antitrust Act. The company once again dissolves. -
Jhon D. Rockefeller Dies
John D. Rockefeller dies at the age of 98 In Ormand, Florida.
