JustTheFacts Max - January 15, 2023 - Business - John D. Rockefeller 1839-1937 Standard Oil - 747 views - 0 Comments - 0 Likes - 0 Reviews
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The history of money's success power is an exciting topic. While a lot of the information that can be found on the subject is quite biased, you can still learn a lot about how the world's wealthiest men got to where they are today. You will discover how some of the most successful men have made their fortunes, who has been most influential, and how you can take their lessons and apply them to your financial situation.
The history of John D Rockefeller is filled with impressive feats. While they may have made mistakes, they are certainly not the worst in the business world. Likewise, several other influential individuals have made their mark on our nation.
Aside from his accomplishments, John also had a humble and albeit empty childhood. He spent hours at church praying and reciting holy books. He had an unimpressive personality, lacked boyish joy, and showed no interest in his grades. However, he did have a knack for numbers. He sold a candy bar at a profit. Among other things, John also excelled in the math and human resource departments. For instance, he was able to master the art of making money while still in school. And he had the vision to create a company that was bigger than he was.
By the time he was 20 years old, John had mastered the art of borrowing and repaying the money. At the same time, he could form alliances with insurance companies. John D Rockefeller was the world's first billionaire. His money helped fund the League of Nations. This organization aimed to create a global government and promote globalization.
John's business acumen included using legal maneuvers to help his company succeed. Moreover, he was an excellent bookkeeper. As a result, he could loan out vast sums of money at low-interest rates. But, on the other hand, he was not a fan of the flimsy mirror displayed on the television. Hence, he avoided showing his wealth in a vulgar way.
John D. Rockefeller, Jr., a wealthy industrialist, was one of the most influential persons in American politics. Aside from his political career, he was also a businessman. He was instrumental in forming the Federal Reserve System and the League of Nations. In addition, he was also involved in several vital philanthropies. For example, the Rockefeller Sanitary Commission, founded in Washington, D.C., was a landmark in disease prevention. It extended its campaign to 52 countries on six continents.
Rockefeller's philanthropy financed many studies related to the Council on Foreign Relations. As a result, this group became a quasi-government agency that influenced foreign policy.
Another prominent figure in the Rockefeller organization was Elihu Root. He was secretary of state and a Nobel Peace Prize winner. His goal was to create an "omnicompetent" government.
Rockefeller also financed the development of eight hundred southern high schools with the assistance of the General Education Board (GEB). GEB paid exceptional professors at universities across the South to locate sites for new high schools.
In the early 1900s, blacks in the southern United States had a 50 percent illiteracy rate. Boll-weevil infestations threatened the cotton-dependent South. Rockefeller's philanthropy helped stamp out boll weevils.
In the early twentieth century, much money was pumped into the Southern education system. The Rockefellers were one of the big players. They were making a significant impact on southern agriculture by boosting the yield of crops and livestock. Interestingly, some of their funds helped to put a dent in the boll weevil infestation. The best part was that the money was going to the right places. Thanks to the generosity of Rockefeller and his consiglieres, many black colleges were now financed with northern funds. This allowed for practical vocational training for blacks.
While the GEB had the best intentions, it didn't have the resources to make a complete high school system. But he did have a good time doing it.
In the mid-twentieth century, the General Education Board was on the same scale as the Rockefeller philanthropies. And as the name suggests, the board was on the cutting edge of social progress. However, it was a bit of a fad to fund such things as the first college in the country's southern half, or the University of Alabama, as it was known in the South.
If the philanthropic practices of John D Rockefeller have any relevance to today's charitable organizations, it is because they reflected his larger ambitions. He sought to influence the scope of philanthropies and secularize American higher education.
His main concern was to promote scientific knowledge. To this end, he encouraged scientists to work with industrialists and reformers. These partners shared his skepticism about religiously affiliated academic institutions.
The new philanthropy was based on the idea that the ordinary person should invest in the common good. It encouraged giving to national and professional causes. Unlike previous charity efforts, it delocalized the American charitable obligation.
One of the first Rockefeller philanthropies was devoted to medicine. Rockefeller donated money to help pay young doctors in rural areas. This was a big deal in 1910. But his foundation also expanded its southern programs. To combat widespread disease, Rockefeller began a hookworm campaign. He gave the hookworm program a public relations boost by using handbills to distribute to rural households. The program was both practical and cheap.
As a result, the campaign spread to 52 countries on six continents. It was a landmark in epidemiology and preventive medicine.
The public was not impressed. Many people thought Rockefeller was philosophic. Yet he spoke only of the most pressing issues. And he continued to write and teach even as he struggled with cancer.
The resulting controversy spanned more than one hundred schools. Most of them were absorbed by universities. Some were shuttered.
The Flexner Report, published in 1910, was the most devastating indictment of medical education. The report cited many of the most notorious diploma mills.
Self-satisfaction
If you're a fan of all things sexy and money-related, you might have heard of a young John D Rockefeller. He was so popular that he was considered America's second most powerful person. However, his tumultuous life wasn't all good and evil.
Despite his plethora of flaws, he did find a way to make a buck in the business of putting other people's money to good use. Aside from his numerous bouts with the law, he forged a friendship with a fellow swashbuckler, George W Gardner. After a few years as an aide to the gent, the pair hit the jackpot when they partnered up and founded the world's most valuable company. Standard Oil Company, Inc., the company, was founded in 1863 by Rockefeller and Henry Flagler and was incorporated in 1870.
Having a knack for numbers and an eye for a bargain, he turned to the economy's legal and illegal gambling sectors before settling on a life of leisure. He even had a stroke of luck when he won a lottery - and the ensuing financial success didn't end there. The resulting tycoon was one of the biggest ol' boys in town. John is a self-declared financial guru with a net worth of more than a billion dollars. (Today, about 365 Billion Dollars) But, on the flip side, he's also a slob with a penchant for picking up women at a clip.
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