PRESENTATION OUTLINE
What company do he formed?
- Standard Oil Company that expanded by different states and completely dominated the US oil market
- He also created the University of Chicago
- And created Spelman College, Rockefeller University, the Museum of Modern Art in New York, The Cloisters, and the Rockefeller Foundation.
Standard Oil Company expanded by different states and completely dominated the US oil market
With his savings and money from other investors, Rockefeller bought the Clark part of the company. In his own words, "it was the day that marked my career"
Rockefeller founded the Standard Oil Company in 1870. The expansion was rapid thanks to the leverage Rockefeller used, borrowing money, reinvesting profits and controlling costs.
In the year 1889, Thanks to President McKinley, Rockefeller lifted the Standard Oil Company of New Jersey, with a capital of 110 million dollars.
He managed to have wealth thanks to his perseverance, to passion, to knowledge and above all in my opinion he achieve his wealth since he never had fear of failure.