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Born in Richford, New York, this day pinpointes the beginning of the revolutionary entreprenuer John D. Rockefeller.
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After moving with his family in 1853, Mr. Rockefeller began some small business ventures as a teenager.
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John D. Rockefeller recieves his first job.
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Mr. Rockefeller starts his first business with an english businessman and becomes very successful.
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John D. Rockefeller builds his first oil refinery near Cleveland, Ohio
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Jhon D. Rockefeller and Samuel Andrews buy out the rest of the business partners in John's first company, renaming it Rockefeller and Andrews.
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Jhon D. Rockefeller starts the Standard Oil Company, and the company quickly grows.
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The Standard Oil Company owns the majority of Cleveland refineries only two years after it starts.
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Standard Oil Company is refining 90 percent of American oil.
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Standard Oil Company now owns all the oil pipelines in America. The company has exclusive control over the oil market (monopoly).
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American Congress passes the Sherman Antitrust Act, a new law which will allow the american government to investigate "trusts" (companies with significant market power) and prohibit business activities that are "anti-competitive'.
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Rockefeller gives 80 million dollars to help fund the University of Chicago.
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The Standard Oil Company is considered a violation of Ohio law by the Ohio Supreme Court. Rockefeller cleverly dissolves his corporation and allows each property formerly runned by the Standard Oil Company to be run by a different person, while keeping a firm hierachy in place.
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John D. Rockefeller, at age 56, retires from running businesses.
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The Standard Oil Company is reinstated as a holding company (a company created to buy and possess the shares of other companies, which it then controls).
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Jhon D. rockefeller helps to fund the Rockefeller university in New York.
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Mr. Rockefeller creates the Rockefeller Sanitation Commission. This group helped to get rid of hookworm.
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John D. Rockefeller's autobiography, Random Reminiscences, was published.
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The U.S.A Supreme Court finds the Standard Oil Company a violation of the Sherman Antitrust Act. The company once again dissolves.
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John D. Rockefeller dies at the age of 98 In Ormand, Florida.
