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Accomplishments Of John D. Rockefeller - Term Papers

Accomplishments Of John D. Rockefeller

John D. Rockefeller belongs in the turn of the century because he
was a major asset in making the US and the world what it is today.
Rockefeller accomplished many things in his lifetime, which helped shape
the world as it is today. He created and developed the Standard Oil
Company which set the standards for the oil industry. Rockefeller was also
one of the first major philanthropists in the US He helped to define the
method of scientific efficient, corporate philanthropy. He found the
institute for medical research. He established the General Education Board.
He also established the Rockefeller foundation and participated in the
founding of the University of Chicago.
Rockefeller ...

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refining firms in Cleveland, plus two refineries
in the New York City area. Before long the company was refining 29,000
barrels of crude oil a day and had its own cooper shop manufacturing wooden
barrels. Standard prospered and, in 1882, all its properties were merged
in the Standard Oil Trust, which was in effect one great company. It is
estimated that Standard Oil owned three-fourths of the petroleum business
in the US in the 1890s.
Rockefeller recognized the difficulties of wisely applying great
funds to human welfare, and he helped to define the method of scientific
efficient, corporate philanthropy. The method was this: to create
charitable corporations and give them title to great funds, whose
managements and use would be governed by trustees and overseen by officers
with specialized training and experience, withboth the trustees and
officers being dedicated to continuous study of the opportunities for the
best uses of the funds under their care. Rockefeller established a ...

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Accomplishments Of John D. Rockefeller. (2004, October 6). Retrieved December 23, 2024, from http://www.essayworld.com/essays/Accomplishments-Of-John-D-Rockefeller/15486

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"Accomplishments Of John D. Rockefeller." Essayworld.com. October 6, 2004. Accessed December 23, 2024. http://www.essayworld.com/essays/Accomplishments-Of-John-D-Rockefeller/15486.

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PAPER DETAILS

Added: 10/6/2004 03:20:02 PM
Category: Biographies
Type: Premium Paper
Words: 678
Pages: 3

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