[H]e sometimes gave tens of thousands of dollars to Christian groups, while, at the same time, he was trying to borrow over a million dollars to expand his business. His father was a con artist and a bigamist. But it is the assertion that the Standard magnates gained their wealth by appropriating "the property of others" that most challenges our attention. In the aftermath of that battle, the Commonwealth of Pennsylvania indicted Rockefeller in 1879 on charges of monopolizing the oil trade, starting an avalanche of similar court proceedings in other states and making a national issue of Standard Oil's business practices.All the fortune that I have made has not served to compensate me for the anxiety of that period.Although it always had hundreds of competitors, Standard Oil gradually gained dominance of oil refining and sales The firm was attacked by journalists and politicians throughout its existence, in part for these At that time, many legislatures had made it difficult to incorporate in one state and operate in another. The name Rockenfeller refers to the now-abandoned village of The Rockefeller wealth, distributed as it was through a system of foundations and trusts, continued to fund family philanthropic, commercial, and, eventually, political aspirations throughout the 20th century. Both percentages were converted into fractions.That is, two years after the dissolution of Standard OilUS Gross Domestic Product 1913-1939 Stuck on Stupid Us Economy sfn error: multiple targets (4×): CITEREFChernow1998 ( sfn error: multiple targets (4×): CITEREFChernow1998 ( sfn error: multiple targets (4×): CITEREFChernow1998 ( sfn error: multiple targets (4×): CITEREFChernow1998 ( sfn error: multiple targets (4×): CITEREFChernow1998 ( sfn error: multiple targets (4×): CITEREFChernow1998 ( sfn error: multiple targets (4×): CITEREFChernow1998 (Burton W. Folsom, The Myth of the Robber Barons, Chapter 5, sfn error: multiple targets (4×): CITEREFChernow1998 ( sfn error: multiple targets (4×): CITEREFChernow1998 (Udo Hielscher: Historische amerikanische Aktien, p. 68 - 74, sfn error: multiple targets (4×): CITEREFChernow1998 ( sfn error: multiple targets (4×): CITEREFChernow1998 ( sfn error: multiple targets (4×): CITEREFChernow1998 ( sfn error: multiple targets (4×): CITEREFChernow1998 ( sfn error: multiple targets (4×): CITEREFChernow1998 ( sfn error: multiple targets (4×): CITEREFChernow1998 ( sfn error: multiple targets (4×): CITEREFChernow1998 ( sfn error: multiple targets (4×): CITEREFChernow1998 ( sfn error: multiple targets (4×): CITEREFChernow1998 (Scamehorn, Chapter 1, "The Colorado Fuel and Iron Company, 1892–1903", page 17Scamehorn, Chapter 1, "The Colorado Fuel and Iron Company, 1892–1903", page 18Scamehorn, Chapter 1, "The Colorado Fuel and Iron Company, 1892–1903", page 19Scamehorn, Chapter 1, "The Colorado Fuel and Iron Company, 1892–1903", page 20Scamehorn, Chapter 3 "The Coal Miners' Strike of 1913–1914", pp. 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.In the end it turned out that the individual segments of the company were worth more than the entire company was when it was one entity — the sum of the parts were worth more than the whole – as shares of these doubled and tripled in value in their early years. Much of his giving was church-related.Rockefeller and his advisers invented the conditional grant, which required the recipient to "root the institution in the affections of as many people as possible who, as contributors, become personally concerned, and thereafter may be counted on to give to the institution their watchful interest and cooperation".In 1884, Rockefeller provided major funding for Atlanta Baptist Female Seminary in Atlanta for African-American women, which became Spelman College.On Gates' advice, Rockefeller became one of the first great benefactors of In the 1920s, the Rockefeller Foundation funded a hookworm eradication campaign through the Rockefeller's fourth main philanthropy, the Laura Spelman Rockefeller Memorial Foundation, was created in 1918.Rockefeller became well known in his later life for the practice of giving dimes to adults and nickels to children wherever he went. Verify and try again.Are you sure that you want to report this flower to administrators as offensive or abusive?This flower has been reported and will not be visible while under review.Quickly see who the memorial is for and when they lived and died and where they are buried.For memorials with more than one photo, additional photos will appear here or on the photos tab.All photos appear on this tab and here you can update the sort order of photos on memorials you manage. For the first years of marriage, he maintained a clandestine relationship with this woman and she became pregnant twice, as did Eliza Rockefeller, with the result being that William Rockefeller fathered four children in the span of two years. She also put up with his philandering and his double life, which included bigamy.In September 1855, when Rockefeller was sixteen, he got his first job as an assistant As a youth, Rockefeller reportedly said that his two great ambitions were to make $100,000 (equivalent to $2.74 millionIn 1859, Rockefeller went into the produce commission business with a partner, Rockefeller was an abolitionist who voted for President A market existed for the refined oil in the form of kerosene. In 1867, On January 10, 1870, Rockefeller abolished the partnership of Rockefeller, Andrews & Flagler,Part of this scheme was the announcement of sharply increased freight charges. His philosophy of giving was founded upon biblical principles. A major New York refiner, Undeterred, though vilified for the first time by the press, Rockefeller continued with his self-reinforcing cycle of buying the least efficient competing refiners, improving the efficiency of his operations, pressing for discounts on oil shipments, undercutting his competition, making secret deals, raising investment pools, and buying rivals out. He truly believed in the biblical principle found in Luke 6:38, "Give, and it will be given to you.
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