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At age 25 Rockefeller buys out his parents and founds, Rockefeller and Andrewa, Cleveland's largest refinery. Political
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Rockefeller founds Standard Oil of Ohio with $1 million in capital, the largest corporation in the country. The new company controls 10 percent of U.S. petroleum refining. Political
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At age 38, Rockefeller -still relatively unknown to the public -- controls almost 90 percent of the oil refined in the United States.
Economic -
At age 40, Rockefeller is numbered among the countrie's 20 richest men. Social
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Mid 1880's Stamdard Oil expands into the overseas markets of western Europe and Asia, selling more oil abroad than in the U.S. Cutural
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Rockefeller created the first trust. Political
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Standard Oil moves into new headquarters at 26 Broadway in New York. The address will become synonmous with Rockefeller's business empire. Social
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Rockefeller agrees to contribute to the founding of a new Baptist College in chicago University of chicago will become his first major philanthropic undertaking. Social
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Congress passes the Sherman Antitrust Act, which outlaws trusts and combinations in restraint of trade and also establishes fines for violators. The law is still in effect today. Political
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Late 1890's Standard Oil attains it's peek influence, it's dividends surge to 31% and it's control of the market is uncontested. Cutrual
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The stock market crashes, setting off the country's first great industrial depression. Bank closings and massive unemployment. Economic
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Rockefeller decides to retire from Standard Oil, gradually and secretly, in a move designed to keep the press and the public in the dark. Social
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Between 1898 and 1902, many follow the Rockefeller business model; 198 trusts are created in coal, sugar, and other industries. Economic
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Rockefeller Institute for Medcial research is created. the insitute called Rockefeller University today, will become a leader in the new field of exprinentail medicine. Social.
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The U.S. Supreme Court announces its decision to dismantle Standard Oil. The company is ordered to divest itself of its subsidiaries within six months. Political
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President Wilson sends federal troops to curb an outbreak of violence in tent camps in Colorado. Military
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World War I begins. The Rockefellers donate millions to international relief agencies. Military
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Two years after Rockefeller dies World War II begins. Military