John D Rockefeller

Early Life

Rockefeller was born July 8, 1939 in Richford, New York a small town with a population of just over 1,000 people. His father (William Avery Rockefeller) was rarely home. He was a “doctor” who traveled across the state scamming people into treatment for money and would be gone for months at a time. His mother (Eliza Davison Rockefeller) was a very religious women and taught Rockefeller to give a least ten percent of what he earned to the less fortunate. By by the time Rockefeller was a teen he set a goal for himself and that goal was to make 1 million dollars and live to be 100 years old.

Rockefeller got his first job at “Hewitt and Tuttle” although he earned little money he was mature for his age and worked hard. One job at H and T was to arrange complicated transportation deals which included single shipments of freight by railroad canal. This sparked an interest in business and he soon started his own company with a close co-worker named: Clark and Rockefeller General Goods store.

Rise to Success

Rockefeller soon recognized a potential that he could address and benefit from if he did enter the oil industry. One was that competing companies would throw out valuable waste products from said oil, so Rockefeller hired chemist to come up with different uses for waste product produced after transportation. They found that the by product could be used to power lamps and automobiles cheaply and safely. So Rockefeller and a few close colleagues soon built up The Standard Oil Company through 1868 and it soon became and industrial monster and made gas nearly worthless by 1911.

Rockefeller’s way of conducting business was not deemed favorable among his employees and especially not his competitors. He saw competition as hazardous so Rockefeller would buy out every competing company that stood in his way. Rockefeller has three ways of getting rid of the competition. The first way was by negotiating and possessed good people skills so he made business deals with confidence.

Family

During his lifetime Rockefeller would have a total of six children

- John D Rockefeller Jr.

-Edith Rockefeller McCormick

-Alta Rockefeller Prentice

-Elizabeth Rockefeller Strong

-Alice Rockefeller

Public View

Despite being portrayed as an evil, tyrant to the business world by the end of his life Rockefeller donated nearly half of his earnings to many people which transformed the US into a global superpower in a span of just 50 years which impacted the lives of millions of citizens in America .

But these donations were constantly under suspicion by spectators with made things frustrated Rockefeller understandably so he typically stayed out of the spotlight and in his home away from the criticism and negative pressure

Key Values

Rockefeller believed the key to success meant sticking only to what you knew and was skilled at. For Rockefeller that included transportation and communication skills. Being able to turn nearly anything into a success would not hurt his career either. “I always tried to disaster into an opportunity” . Throughout his career, thinking outside the box and changing downfall into benefit is his greatest key to success and he is still today known as one of the wealthiest men of all time.

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