By: Steve Bonk Rockefeller Video

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Presentation transcript:

By: Steve Bonk Rockefeller Video How Did They Get Rich? Rockefeller and Rothschild By: Steve Bonk Rockefeller Video

The Brothers John D Rockefeller and William Rockefeller

The Beginning Born in Richford, NY William Avery Rockefeller and Eliza Davison Moved to Cleveland

Early Start Went into produce commission Partner: Maurice B. Clark Very successful, made $4,000 Wanted to continue partnership

Oil Business Started their own oil refinery with the $4,000 Owned by him, Clark, and Clarks brothers Called Andrews, Clark & Company

Going Solo John paid for Civil War fighters Keep business going Bought out Clark brothers for $72,500 “the day that determined my career”

Monopoly? Bought out all competitors Ran others out of business Cutting prices Controlling all entry barriers (pipelines, oil terminals, Cooperage plants)

Fortune John D. Rockefeller made the world’s largest private fortune in the oil business Founded Standard Oil Largest oil refinery in the world Broken up by Supreme Court in 1911

Globalization Railroads being built Trading Took advantage of oil-needed economy

Division 10,000 shares: John- 2,667 William- 1,333 Hired a lot of new employees Made sure he remained largest shareholder

Family Trusts 1934 - 5 sons and daughter Consisted of oil company stocks and real estate 1952- grandchildren When they die, the trusts divide into new ones for their kids $110 billion

Unknown Riches “trust form” Oliver Payne, Charles Pratt, Henry Flagler, John D. Archbold, William G. Warden, Jabez Bostwick, and Benjamin Brewster

Donations John and his son donated over $1 billion in their lifetimes Spent most on philanthropy Medicine, education, scientific research

Foundations Rockefeller Research laboratories Building The Rockefeller Center The Rockefeller University The Rockefeller Chapel The Rockefeller Hall

Rothschild Family Mayer Amschel Rothschild – born in ghettos of Frankfurt Established a finance house Became a very popular banker

Strategy Sent his five sons to different cities in Europe Nationalized banking Nathan sent to England with 20,000 Euros Amschel, Salomon, Calmann, and Jakob sent elsewhere

Nathan Families riches started during the Napoleonic Wars (1813-1815) In charge of financing the British War effort Handled shipments to the Duke of Wellington’s army $ off commission 4 other brothers helped Transport gold across Europe

The Favorite Son Nathan started N.M. Rothschild and Sons in 1811 1825- had enough money to give some to the Bank of England to avoid a crisis

Globalization Banking business paid for to be built in Europe Countries could trade with each other Branch closed down in 1901 because there was no male heir Reopened in 1989

Conspiracy Theories Both families linked to the illuminati Illuminati – groups/organizations who try to control world affairs The End

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