3. July 8,1839– May 23, 1937 Born at Richford, New York Co-founder of Standard Oil Company First man who worth more than a billion dollars Philanthropy His goal were to make $ 100,000 and to live 100 years

4. - Went into the produce commission commission company with a partner - Built an oil refinery - Bought out the Clark brothers - The firm of Rockefeller, Andrews & Flagler was established - Formed Standard Oil of Ohio

5. One of the largest shipper oil and keros- ene in the country South Improvement Company Own pipelines, tank cars, home delivery network( transport oil) Absorbed Competitors Low oil prices, reduce freight payment

6. Monopoly Monopoly : A company controls the market End of 1870s, Standard Oil gained almost complete control of oil refining and marketing (90%) in the U.S. Standard Oil prospered and all its properties was merged in 1882 into the Standard Oil Trust controlled by Standard Oil.

7. Monopoly 20,000 domestic wells, 4,000 miles of pipe l-ine, 5,000 tank cars, and over 100,000 e m-ployees Legislatures had difficulty to made rules in every state In 1911, the Superme Court of the United States ordered Standard Oil Company to broken up into 34 new companies Held over 25% of Standard Oil's stock

8. Rockefeller had a long and controversial career in the oil industry followed by a long career in philanthropy His image was viewed as an amalgam of all of these experiences and his contemporaries In his 50s Rockefeller suffered from moderate depression and digestive Rockefeller died of arteriosclerosis on may, 23,1937