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 Connections
Associated With
Source Wikipedia, John D. Rockefeller
Rockefellers Standard Oil grew by absorbing competing refiners into one combination, the classic historical case of horizontal integration.
Source Wikipedia, John D. Rockefeller
Source Wikipedia, John D. Rockefeller
Rockefeller was the founder and controlling figure of the company this ruling broke up.
Source Wikipedia, Standard Oil
Companies Founded
Founded by John D. Rockefeller in 1870.
Source Wikipedia, Standard Oil
Companies Led
Rockefeller led Standard Oil through its rise to near-monopoly.
Source Wikipedia, Standard Oil
In the Other Atlases
Sources
1. Wikipedia, John D. Rockefeller
Wikipediainfobox / lead section
John Davison Rockefeller Sr. (July 8, 1839 - May 23, 1937) was an American businessman and philanthropist.
Associated With: Entrepreneurship, lead section
Rockefeller founded the Standard Oil Company in 1870. He ran it until 1897 and remained its largest shareholder.
- Associated With: Horizontal Integration
- Associated With: Petroleum Industry
View the Source 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 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.
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.
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.
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