John Davison Rockefeller is a famous American businessman and "the first billionaire and patriarch of America's most famous dynasty: he is an icon whose true nature has escaped three generations of historians". to plagiarism. Get a tailor-made essay on "Why Violent Video Games Shouldn't Be Banned"? Get an original essay "Born the son of a flamboyant, bigamist snake oil salesman and a pious, stern mother, Rockefeller rose from rustic origins to become the richest man in the world by creating the most powerful and feared monopoly in America, Standard Oil. Called "the octopus" by legions of muckrakers, the fund refined and marketed nearly 90% of the oil produced in America. "Rockefeller was born on July 8, 1839 in Richford, New York. “He was the second child of six children in the family of German Protestants William Aver Rockefeller and Eliza Davison.” His father was first a woodcutter and then a wandering merchant who called himself a "botanical doctor" who sold various elixirs and rarely visited his home. By nature, William Aver Rockefeller was a risky person, which helped him build the small capital that allowed him to purchase land for $3,100. However, the propensity for risk was accompanied by foresight, so part of the capital was invested in various companies. Furthermore, William was the person who taught John his first sales lessons and formed his ideology. Eliza Davison, John's mother, had a family. She was a very devout Baptist, and was often poor because her husband was always away from home for long periods of time, and she constantly had to save on everything. At the age of sixteen John Rockefeller began working as an accountant's assistant. This position suited a young man best: he was able to handle numbers and, most importantly, he loved them. It was 1855, Rockefeller kept the books and paid the bills for Hewitt and Tuttle, Cleveland merchants who were engaged in real estate investments and dealt in iron ore, marble and food. Rockefeller learned to conduct a variety of business transactions, ranging from arranging deliveries by rail and waterways to managing non-residential buildings: homes, warehouses, and offices. He didn't just do the job, he enjoyed it: he checked every register, looked for the smallest errors, collected rent down to the last penny, and watched colleagues who didn't show the same perseverance and passion for this routine job. . For him, bookshelf books were sacred: they not only helped to find the right decision, identify fraud and evaluate success, but also protected the person from misconception of actions. At that time he already knew mathematics quite well and had even finished a three-month accounting course in Cleveland. However, finding work was not so easy. 6 weeks of research were wasted. While John, in the end, did not take the accountant's assistant in the company "Hewitt and Tuttle". "Hewitt and Tuttle" was engaged in real estate and shipping. It is worth noting that it was such a period that Rockefeller's first three months were more likely to learn than work. Those. he did everything completely for free. Thanks to his ability in mathematics, he rose to the position of accountant. In less than two years, Rockefeller was promoted to client chief. But when he asked for a salary increase, much to his disappointment, it was denied. On April 1, 1858, when Rockefeller was not yet twenty years old, he decided to leave the company and start his own business. John along with his partner Maurice B. Clark founded their new company called "Clark and Rockefeller". On April 12, 1861, when the Southern states announced their withdrawal from the Union, acivil war. The federal government granted more than hundreds of thousands of requests for uniforms, rifles, and supplies such as meat, sugar, and tobacco. Thus the “Clark and Rockefeller” company “raised $4,000 ($108,948 in 2017 dollars) in capital. From there Rockefeller steadily moved forward in business, making money every year of his career. trade. Oil fever broke out in part because of the work of Benjamin Si, (professor of chemistry at Yale University). Who demonstrated that the hydrocarbon feedstock was wet. fuel for lamps and lubricants for machines: products that had great commercial potential in a young country where new homes, offices, shops, factories and railways were being built at a rapid pace. One of the first oil companies was Seneca Oil which sent Edwin Drake to drill wells in the village of Titusville in western Pennsylvania. The wealth hunters rushed en masse to the village, practicing everywhere, even in the main streets; this is a vivid example of America's growing and troubled business class during and after the Civil War. Soon new oil fountains were hammered into western Pennsylvania. First, the oil was processed in small, often dilapidated sewage treatment plants close to the drilling sites. and there were more oil refineries. More and more people recognized Drake's success, and thanks to its location at the crossroads of important iron, heavy industry itself came to Rockefeller. From the beginning, the oil business was wild and ideal for a man accustomed to finding order amidst chaos. The market had just started to form, supply and demand often argued with each other causing significant price fluctuations. In 1861, crude oil prices ranged from 10 cents to as much as $10 a barrel. In 1864 prices started from 4 to 12 dollars. Oil producers at one point became rich and similarly went bankrupt. The Rockefeller empire grew rapidly. John Rockefeller gradually became involved in the oil business. Soon the United States began exporting oil to Europe, and Cleveland became the largest oil refinery and transportation in the country. If we look back, we can see that it was a deliberate, turn-based strategy, a clever combination of experiment, caution, vision and its implementation. He acted like a grandmaster, making only one thoughtful move at a time, but decisively and quickly. In 1863, there were twenty oil refineries in the vicinity of Cleveland. “The refinery was directly owned by Andrews, Clark & ​​Company, consisting of Clark & ​​Rockefeller, chemist Samuel Andrews, and MB Clark's two brothers. The commercial oil business was then in its infancy,” producing more than one hundred thousand gallons. In 1863, Rockefeller and Clark purchased half the working capital of an oil refinery belonging to Clark's friend, Samuel Andrews. Soon John Rockefeller married Celestia Spelman; By then, Rockefeller already had a decent income, considerable savings and a growing fortune. He actively participated in church affairs and increased his donations. By 1865, the partnership with Clark had dried up, and Rockefeller decided to buy out his share. In 1868, the Rockefeller factories became the largest not only in Cleveland, but in the entire world. In 1970 John D. Rockefeller founded his company "Standard Oil", this company combined all the oil assets he owned at that time. To motivate his employees he chose the simple tactic of giving up his salary and “paying” with shares. So that financial income depends entirely on the success of one's work. As time went on Rockefeller began to buy.“