John d rockefeller education

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John D. Rockefeller was born July 8, , in Richford, New York. Rockefeller revolutionized the petroleum industry with his oil refinery. One of the wealthiest men of all times also used his wealth to help society. His fortune was mainly used to define the structure of targeted philanthropy through the creation of foundations that had a major effect on education, medicine and scientific research.

Rockefeller moved to Cleveland with his family when he was Rockefeller went steadily ahead in business from there, making money each year of his career. In , the partnership went on to a different market, they build an oil refinery.

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The Clarks had resisted borrowing money to expand and Rockefeller was convinced of the correctness of his course, so he bought them out. He immediately moved to greatly extend his enterprise. His path to dominating the whole oil business in the country was not yet over. Rockefeller was practically the only oil refiner in Cleveland, Ohio, where three months before there had been twenty-six, his competitors started to see that compete against him would not take them anywhere but to bankruptcy, and so, some of them decided to join him as a partner and sell him their business.

Eventually, even his former antagonists, Pratt and Rogers, saw the futility of continuing to compete against Standard Oil: in , they made a secret agreement with their old nemesis to be acquired. For many of his competitors, Rockefeller had merely to show them his books so they could see what they were up against, then make them a decent offer.

If they refused his offer, he told them he would run them into bankruptcy, then cheaply buy up their assets at auction.