Thursday, April 11, 2013

Industrialization: John D. Rockefeller : Sydney Holliday


John D. Rockefeller

            John Davison Rockefeller was born in upstate New York in 1839. When he was a teenager, he and his family moved to Cleveland, Ohio. Cleveland was known as a center for refining oil that had been extracted from the oil field, so in 1863, Rockefeller started an oil-refining company with his war profits. Then after buying up other oil refineries, Rockefeller founded the Standard Oil Company in 1870. This company made Rockefeller one of the richest men in the world. Most of his wealth was donated to philanthropic causes, which funded colleges and universities. 



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