The founder of Standard Oil, whose consolidation of the American oil industry established corporate practices, including large scale vertical integration and trust structures, that shaped how later large corporations organized themselves.
Facts
BirthplaceRichford, New York, U.S. 1 Death PlaceOrmond Beach, Florida, U.S. 1 Defining ContributionRevolutionized oil refining through horizontal and vertical integration, consolidating the American oil industry under Standard Oil until it controlled about 90 percent of U.S. oil production by 1900. 1 Notable WorkThe Standard Oil Trust (1882), the first major U.S. business trust and a model later broken up by antitrust law. 1 Cross-Tradition Connections
Associated With
Rockefeller was the founder and controlling figure of the company this ruling broke up.
Companies Founded
Founded by John D. Rockefeller in 1870.
Companies Led
Rockefeller led Standard Oil through its rise to near-monopoly.
Sources
1. Wikipedia, John D. Rockefeller
Wikipediainfobox / lead sectionQuote, infobox / lead section
John Davison Rockefeller Sr. (July 8, 1839 - May 23, 1937) was an American businessman and philanthropist.
Business LibreTexts, 20 Most Influential Entrepreneurs of the Century
Business LibreTexts (Brooks, AI-Driven Entrepreneurial Management)20 Most Influential Entrepreneurs of the Century, entry 5, John D. RockefellerQuote, 20 Most Influential Entrepreneurs of the Century, entry 5, John D. Rockefeller
Founded Standard Oil, revolutionizing the oil industry. ... Established modern corporate practices and became a major philanthropist.
Wikipedia, Standard Oil
WikipediaCompanies Founded: Standard Oil, Lead sectionQuote, Companies Founded: Standard Oil, Lead section
The origins of the trust lay in the operations of the Standard Oil Company (Ohio), which had been founded in 1870 by John D. Rockefeller.
Wikipedia, Standard Oil
WikipediaCompanies Led: Standard Oil, History sectionQuote, Companies Led: Standard Oil, History section
In the early years, John D. Rockefeller dominated the combine; he was the single most important figure in shaping the oil industry.
Wikipedia, Standard Oil
WikipediaAssociated With: Standard Oil Antitrust Breakup, History sectionQuote, Associated With: Standard Oil Antitrust Breakup, History section
On May 15, 1911, the US Supreme Court upheld the lower court judgment and declared the Standard Oil group to be an 'unreasonable' monopoly under the Sherman Antitrust Act, Section II.
Reader Challenges (0 open reader challenges)
No disputes yet. Spotted an error or a better source? Open the first one.
Sign in to dispute this or suggest a correction.
View At A Past Year
The atlas records no dated fact of its own for this entry, so there is no other year to choose.