John D Rockefeller was the founder of standard oil. It all
started from his parents from when he was younger. His parents helped him in so
many ways and led him down the right path, this helped him be a part of the
biggest companies ever. He than became a billionaire and started the standard
oil company. His father was the main factor of helping him on his career with business.
His mom was the one who helped achieve many goals. Rockefeller was soon the captain
of industry and lead one of the biggest companies ever.
was known as one of the best and smartest businesses worker. He invented new
things like “quantity discount” which was charging people less, for buying
more. This helped in many ways. It helped make people get his oil rather than
the other businesses because people just thought it was a better price. Another
factor that helped Rockefeller was by him saving money by having a cheaper transportation
cost. He was doing very good with the business and If it wasn’t for him the business
wouldn’t be a thing. This than made his competitors pay a lot more for transportation
than bought out his competitors. It made oil drop from 58 cents to 26 cents in
5 years. He then begun the Standard Oil Trust. He created the “trust” to be in
control of the companies. Later on, this was illegal and unfair due to him doing
so good in the market. Rockefeller could get the buyers to any price he wanted.
Rockefeller was very clever with what he did and always knew a way around
just introduce many new ideas that made him more efficient and make his
competitors go to trash. He became the richest and larges company. A Dartmouth professor
thought of a way to refine the kerosene and he was then in that market. Rockefeller
made a lot of his money after the combustion engine was invite due to the gasoline
and machine oil need. He was than set
for the big production when the very first care was released in 1887.