1. John D. Rockefeller the most successful enterpreneur

2. Early years Born on a farm in Richmond, New York on 8th July 1839
Rockefeller’s birth place
Born on a farm in Richmond, New York on 8th July 1839
Grew up in conservative family trained to work hard, save and give
His family moved to Owego in 1851, where he attended Owego Academy
In 1853, his family moved to Strongsville,where he attended Cleveland's Central High School
Then, he took a ten-week business course at Folsom's Commercial College, where he studied bookkeeping.

3. The road to the Business
Rockefeller had a job as a bookkeeper at Hewitt & Tuttle
Rockefeller and his neighbour; opened their own groccery supply business called Clark & Rockefeller
The peak of business was during the Civil War, when people needed food supplies
Rockefeller and Clark business was very succesive due to Rockefeller’s business skill
Young Rockefeller

4. The beginning of the Oil Era
After realizing that groccery isn’t going to take him far. He noticed potential oil gives and began to make his own rafinery
He built rafinery on his own to ensure its efficiency and details to beat all the competition
He exported most of his oil because of the demands in other parts of the World(World War, tank fuels, etc). Though he still had large internal business

5. Rockefeller and Flager partnership
Rockefeller really started his business when he partnered with Henry Flager. They both had similliar ambitions and saw big potential in oil.
They used a few improvements to take over the industry. They:
Built high quality and large rafineries using the best available materials.
Were making their own barrels cutting it’s price by the half
Owned their transport ( wagons, boats etc.)
Were using their own refining chemicals and found way to recycle it
Owned their own facilities (warehouses)
Were first to use tank cars on the railroads they owned too
Used and reused every part of oil that couln’t be sold
Henry Flager

6. Standard Oil
The Standard Oil Company was a trust of multiple companies(In simplication a group of corporations cooperating to obtain monopoly on market. Nowaday its forbidden in the most of countries)
Rockefeller’s interest was to make oil market calm and less chaotic, he wanted to controll it .
He was buying rafineries arround Claveland, then he closed the bad one or improve the others. Completely destroying the competition
The Company had control of over 90% of oil by 1880s. It happened due to controlling the railroads and negotiating very good prices.

7. Standard Oil Links

8. After business and Philanthropy
He retired from the business in 1897 at the age of 58
He built University of Chicago
He started Rockefeller Institute for medical reaserch
He donated 50,000,000 $ to schools after WWI
He gave nearly $250 million to the foundation, which focused on public health, medical training, and the arts
He donated most of his fortune on charities by the time he died
Rockefeller died of arteriosclerosis on May 23, 1937, less than two months shy of his 98th birthday

9. Presentation has been prepared for the purpose of Erasmus+ GROWW project. October The project has been funded with support from the EC