JD Rockefeller

Timeline created by chasematzen
  • Economic

    Raised turkeys to sell as a small business when he was only 7 years old
  • Cultural/Technological

    John D. Rockefeller drops out of high school two months shy of commencement. He enters a professional school, where he studies double-entry bookkeeping, penmanship, banking, and commercial law
  • Economic

    Rockefeller and Clark opened their own bussiness
  • Political

    Rockefeller founded 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.
  • Economic

    At age 38, Rockefeller -still relatively unknown to the public -- controls almost 90 percent of the oil refined in the United States.
  • Social

    At age 40, Rockefeller is numbered among the country's 20 richest men
  • Political

    Rockefeller created the first trust.
  • Political

    At Laura's suggestion, John gave $5,000 to a school for black women in Atlanta, Georgia. It was later renamed Spelman College in honor of Laura's parents who were abolitionists.
  • Social

    Standard Oil moves into new headquarters at 26 Broadway in New York. The address will become synonymous with Rockefeller's business empire
  • Political

    John D. Rockefeller gave $600,000 to a small school in Chicago, Illinois. John continued to give large amounts of money to what would become the University of Chicago.
  • Social

    Rockefeller agrees to contribute to the founding of a new Baptist College in chicago University of chicago will become his first major philanthropic undertaking.
  • Political

    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
  • Cultural/Technological

    Late 1890's Standard Oil attains its peak influence, its dividends surge to 31% and it's control of the market is uncontested.
  • Political

    once retired from the daily operations of running one of the world’s largest businesses he kept himself busy with charitable endeavors, becoming one of the more respected philanthropists in history.
  • Social

    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

    Rockefeller Institute for Medical research is created. the institute called Rockefeller University today, will become a leader in the new field of experimental medicine.
  • Political

    The United States Justice Department ordered the break-up of Standard Oil into 39 companies
  • Military/Diplomatic

    President Wilson sends federal troops to curb an outbreak of violence in tent camps in Colorado.
  • Military/Diplomatic

    World War I begins. The Rockefellers donate millions to international relief agencies
  • Military/Diplomatic

    Two years after Rockefeller dies World War II begins.