Wednesday, October 19, 2011

John Davison Rockefeller Term Paper

John D Rockefeller Research Paper

John D Rockefeller began as a humble oil business book-keeper in Cleveland, Ohio and in just seven years rose to control a tenth of the entire US oil business. Rockefeller was the guiding force behind the creation and development of the Standard Oil Company, which grew to dominate the oil industry and became one of the first big trusts in the United States, thus engendering much controversy and opposition regarding its business practices and form of organization. However these business practices even though they were unethical the result was what were needed in order for the American economy to be what it is now. Without people like Rockefeller we wouldn't be where we are now. He did what had to be done in order to improve the economic society.


When Rockefeller was growing up he was imbedded with this mentality in his head of cheating people. His dad was already training him to become "dirty". He started teaching him his methods of business and the tricks of trade to being a successful business man. As he was growing he had a dream and he was willing to do anything to accomplish this dream. His drive to succeed was what lead him to be the notorious person he was known to be. As he grew he decided to stay away from having much of a social life because he knew it may lead to interruption of his work.

Rockefeller and his partners successfully created and applied a system for operating a large integrated enterprise which was one of the starts of the early big businesses. The main players of this business were Flagler Rockefeller and Dodd .His choice of partners was a very decisive move because each one had a certain characteristic that fit the business that Rockefeller was trying to run. There Oil Company was now considered a monopoly which is when one business rules over a certain industry. The Supreme Court deemed this to be a terrible thing they forced to Oil Company to split up into different branches. He would secretly buy up or create new oil related companies such as engineering and pipeline firms. These seemed to be independent operators. Rockefeller and his close colleagues secretly controlled the firms and gave Standard Oil, Rockefeller's main oil company, hidden rebates. This company became a monopoly by Rockefeller eliminating competition this was done because he had strategies which he acquired from his father.

In order to demolish his competition he would do such things as buy them out or attempt to bargain for items and buy them for a cheap amount. They would also do things such as buying the strongest men which allow them to work faster they would get these men at any extent even if it meant getting them from there competitor. They also did things such as watch the competitor's shipments and they would be in co-operation with the railroad men in order to do this. These steps taken by Rockefeller led to our economic success as a country even though his ways may have been unorthodox however without his practices big businesses such as Microsoft would not exist today. This was also needed at the time because it was survival of the fittest and he needed to do what he had to do in order to survive.

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