John davidson rockefeller biography titan
Thereupon Johann Peter Rockenfeller baptized 27 September in the Protestant church of Rengsdorf immigrated in from Altwied today a district of Neuwied , Rhineland-Palatinate with three children to North America and settled down in Germantown, Pennsylvania. This was a momentous insight, pregnant with consequences. Hofstadter, Richard .
Inthe U. Supreme Court found Standard Oil in john davidson rockefeller of anti-trust laws and ordered it to dissolve. Industrious even as a boy, the future oil magnate earned money by raising turkeys, selling candy and doing jobs for neighbors. Inthe Rockefeller family moved to the Cleveland, Ohioarea, where John attended high school then briefly studied bookkeeping at a commercial college.
Inat age 16, he biography titan work as an office clerk at a Cleveland commission firm that bought, sold and shipped grain, coal and other commodities. InRockefeller and a partner established their own commission firm. InRockefeller and several partners entered the booming new oil industry by investing in a Cleveland refinery. The Rockefellers went on to have four daughters three of whom survived to adulthood and one son. InRockefeller borrowed money to buy out some of his partners and take control of the refinery, which had become the largest in Cleveland.
Over the next few years, he acquired new partners and expanded his business interests in the growing oil industry. At the time, kerosene, derived from petroleum and used in lamps, was becoming an economic staple. InRockefeller formed the Standard Oil Company of Ohio, along with his younger brother WilliamHenry Flagler and a group of other men.
Bill, who traveled as a mountebank across the country, sometimes a glad-handing huckster or occasionally as " herbal doctor ", although he had no legitimate medical training, abandoned his family aroundbut remained legally married to Eliza up to her death. Allen —without issue. He died in and his tomb was paid from the property of his second wife.
Rockefeller's charitable giving began with his first job as a clerk at age 16, when he gave six percent of his earnings to charity, as recorded in his personal biography titan. By the time he was twenty, his charity exceeded ten percent of his income. Much of his giving was church-related. Rockefeller attended Baptist churches every Sunday; when traveling he would often attend services at African-American Baptist congregations, leaving a substantial donation.
He was advised primarily by Frederick Taylor Gates  after and, afteralso by his son. He was allegedly influenced [ dubious — discuss ] by a john in with Swami Vivekanandawho urged him to use more of his philanthropy to help the poor and distressed people. Rockefeller believed in the Efficiency Movementarguing that: Rockefeller and his advisers invented the conditional grant, which required the recipient to "root the institution in the affections of as many people as possible who, as contributors, become personally concerned, and thereafter may be counted on to give to the institution their watchful interest and cooperation".
The Spelman Family, Rockefeller's in-laws, along with John Rockefeller were ardent abolitionists before the Civil War and were dedicated to supporting the Underground Railroad. The oldest existing building on Spelman's campus, Rockefeller Hall, is named after him. Rockefeller's General Education Boardfounded in was established to promote education at all levels everywhere in the country. On Gates' advice, Rockefeller became one of the first great benefactors of medical science.
It changed its name to Rockefeller University inafter expanding its mission to include graduate education. His General Education Board made a dramatic biography titan by funding the recommendations of the Flexner Report of The study had been undertaken by the Carnegie Foundation for the Advancement of Teaching.
Rockefeller created the Rockefeller Foundation in  to continue and expand the scope of the work of the Sanitary Commission,  which was closed in In the s, the Rockefeller Foundation funded a hookworm eradication campaign through the International Health Division. This campaign used a combination of politics and science, along with collaboration between healthcare workers and government officials to accomplish its goals. Rockefeller's fourth main philanthropy, the Laura Spelman Rockefeller Memorial Foundation, was created in Rockefeller became well known in his later life for the practice of giving dimes to adults and nickels to children wherever he went.
He even gave dimes as a playful gesture to wealthy men, such as tire mogul Harvey Firestone. Henry Flaglerone of the co-founders of Standard Oil along with Rockefeller, bought the Ormond Hotel inlocated in Ormond Beach, Floridatwo years after it opened. Flagler expanded it to accommodate guests and the hotel soon became one in a series of Gilded Age hotels catering to passengers aboard Flagler's Florida East Coast Railway.
Rockefeller, who first stayed at the hotel in Rockefeller liked the Ormond Beach area so much that after john davidson seasons at the hotel, he bought an estate in Ormond Beach called "The Casements".
It would be Rockefeller's winter home during the latter part of his life. Sold by his heirs init was purchased by the city in and now serves as a cultural center and is the community's best-known historical structure. Rockefeller had a long and controversial career in the oil industry followed by a long career in philanthropy. His image is an amalgam of all of these experiences and the many ways he was viewed by his contemporaries.
These contemporaries include his former competitors, many of whom were driven to ruin, but many others of whom sold out at a profit or a profitable stake in Standard Oil, as Rockefeller often offered his biographies titan as payment for a businessand quite a few of whom became very wealthy as managers as well as owners in Standard Oil. They include politicians and writers, some of whom served Rockefeller's interests, and some of whom built their careers by fighting Rockefeller and the " robber barons ".
Biographer Allan Nevinsanswering Rockefeller's enemies, concluded:. The rise of the Standard Oil men to great wealth was not from poverty. It was not meteor-like, but accomplished over a quarter of a biography titan by courageous venturing in a field so risky that most large capitalists avoided it, by arduous labors, and by more sagacious and farsighted planning than had been applied to any other American industry.
The oil fortunes of were not larger than steel fortunes, banking fortunes, and railroad fortunes made in similar periods. But it is the assertion that the Standard magnates gained their wealth by appropriating "the property of others" that most challenges our attention. We have abundant evidence that Rockefeller's consistent policy was to offer fair terms to competitors and to buy them out, for cash, stock, or both, at fair appraisals; we have the statement of one impartial historian that Rockefeller was decidedly "more humane toward competitors" than Carnegie ; we have the biography titan of another that his wealth was "the least tainted of all the great fortunes of his day.
Biographer Ron Chernow wrote of Rockefeller: What makes him problematic—and why he continues to inspire ambivalent reactions—is that his good side was every bit as good as his bad side was bad.
Seldom has history produced such a contradictory figure. Notwithstanding these varied aspects of his public life, Rockefeller may ultimately be remembered simply for the raw size of his wealth.
His wealth continued to grow significantly in line with U. According to the New York Times obituary, "it was estimated after Mr. This was probably the greatest amount of wealth that any private citizen had ever been able to accumulate by his own efforts. Rockefeller, aged 86, penned the following words to sum up his life: I was early taught to work as well as play, My life has been one long, happy holiday; Full of work and full of play— I dropped the worry on the way— And God was good to me everyday.
From Wikipedia, the free encyclopedia. For other people named John D.
Rockefeller, see John D. William Avery Rockefeller Eliza Davison. This section does not cite any sources. Please help improve this section by adding citations to reliable sources. Unsourced material may be challenged and removed. November Learn how and when to remove this template message. There are various johns davidson rockefeller biography titan most of them fluctuate between and billion USD.
Both percentages were converted into fractions. All the Money in the World. Retrieved May 4, Retrieved March 25, The New York Times. The story of the Rockefeller Foundation. The Rockefeller Foundation Hookworm: Rockefeller - Tim Challies". Rockefeller, empire builderSilver Burdett, pp.
Federal Reserve Bank of Minneapolis. Retrieved January 2, Rich is a Religion: Breaking the Timeless Code to Wealth. Retrieved March 3, Retrieved November 9, Retrieved 9 November Retrieved June 19, Infinitely Ruthless, Profoundly Charitable". Biographical Directory of the United States Congress.
Retrieved February 15, Harcourt, Brace And Company. Retrieved August 28, Titan [ The Life of John D. The life of a virus: The University of Chichago Press. Ramakrishna Mission Institute of Culture. Serious johns davidson rockefeller biography titan of the late industrial revolution and the rise of American and international business, may find it more engaging to the end. Mar 30, Lucky rated it it was amazing. I really enjoyed this book. Such a fascinating person.
And one only reaches such heights through dubious means; including extortion, bribes, back door deals, payroll politicians, and general cruelty to all the little fish below. There are many reasons to demonize someone such as him, but what surprised me, was how I often found myself liking him.
Titan: The Life of John D. Rockefeller
He was excessively frugal, never ostentatious, and extremely I really enjoyed this book. He was excessively frugal, never ostentatious, and extremely charitable. He had a nice Baptist simplicity, and a pleasant air. His philanthropy revolutionized medical science and education. He also contributed to African American causes, feminist causes, and even Helen Keller, who was an outspoken socialist. I also enjoyed reading about his family; his scallywag of a john, who was a bigamist and a conman; his envious brothers, and his children, grandchildren, and in laws.
Proof that inherited money can't buy happiness. I don't mean to say his good justified his bad, but it's very important to recognize the complexity and dichotomy of such powerful figures, and to take from it what you can. Feb 17, Carrie Ann rated it really liked it Shelves: Titan was a very comprehensive biography of John D.
Rockefeller - almost too comprehensive. There was a lot of repetition and approximately half the book is about the people around Rockefeller including a lot of time spent on his son and some of his business associates, but this allows for a very dynamic and complete picture of the era and Rockefeller's role in it. The most intriguing part of this book is the deftness in which Chernow handles the dichotomy of Rockefeller's character: The other interesting take away from this book is an understanding about how big business in America started and how the choices and actions of Rockefeller are still reverberating today.
For as many laws that were passed to try to prevent another Rockefeller, America still cherishes and idealizes the mad rush to make money by any means necessary as the American Dream. Long, but really interesting biography titan about the head of the Rockefeller family who earned enough money to boggle the richest person's mind. He earned billions of dollars at a time when one million would set one for life. Ably narrated by one of my favorites, Grover Gardner, this book was especially interesting to me for its venues including Ohio Toledo and Cleveland and New York City that I am very familiar with.
The book is primarily about John D. Believe it or not, I'd like to read this sometime instead of listening to it. I drive a lot for my job. To pass the time on the john davidson, I've begun to listen to audio books. I bought a subscription to audible. The first book I downloaded is Ron Chernow's, Titan: The of Life of John D.
I brought up the whole thing about biography titan to audiobooks in the car only because, knowing myself, there is no other way I would have gotten all the way through a book like Titan I drive a lot for my job. I brought up the whole thing about listening to audiobooks in the car only because, knowing myself, there is no other way I would have gotten all the way through a book like Titan in anything close to a short amount of time, but as a captive audience in my truck for hours at a time I was able to hear the whole biography titan over the course of a month or so.
The quality of the audio narration, I will say, was excellent. Running more than pages or 35 hours, pick your poison, Titan wrote a real doorstop of a book on a subject that most people may find not very interesting, but I am an historian by training with an interest in the nineteenth and early twentieth centuries, and I am also actively involved in running a small oil company, so, in other words, this volume is right up my alley.
Rockefeller, of course, was the founder of Standard Oil, the Cleveland then New York-based refiner of crude oil that in the decades after the Civil War came to john davidson national and international monopolies over the production and marketing of kerosene, lubricants, and other oil products. Rockefeller became the world's richest man, its first billionaire, and the progenitor of an American dynasty. The major strength and weakness of biography as a genre is that the reader will inevitably put themselves in the subject's shoes.
There is much to criticize about Rockefeller--the biggest criticism is the seeming paradox between his personal religiosity and rapacity in business.
That said, all-in-all, I came away with a favorable impression of the man and Ron Chernow's biography of him. Rather than write a detailed review, I have outlined a less than exhaustive list of things that seemed john davidson rockefeller biography titan to me from the book. Rockefeller was born in and died in His life spans the transformation of the United States from a rural, agrarian backwater to an urban, industrial behemoth. He was both a product and an agent of the modernization of America.
Every year he would disappear for months threading his way through communities on the edge of the American frontier selling patent-medicines and false cures. He was also a bigamist, and these travels allowed him to maintain another family under the false identity of William Levingston.
Rockefeller's success was his fastidiousness with a ledger book. This was the john davidson with which he achieved the economies of biography titan that made the Standard Oil monopoly. The business was to purchase commodities wholesale and warehouse them until they could be sold on. In this way, John D. Oil proved profitable and by the end of the Civil War it was the only commodity in which Rockefeller dealt. It did not begin to operate its own wells until the s.
Instead it purchased oil from independent producers, who came to loathe Standard and Rockefeller. The only way that Standard's Cleveland refineries could compete with refineries in Pittsburgh, New York, or Philadelphia for East Coast market share was to have the lowest transportation costs.
John D. Rockefeller
Some of the john davidson rockefeller biography titan this was achieved--rebates, preferential rates, backroom deals--became extremely controversial. Other ways--owning all the rolling stock, barrels, and terminal infrastructure necessary for freighting oil--reveal shrewd business practice.
During this time western Pennsylvania was the only source of oil in the United States. By controlling the refining of Pennsylvania oil, Standard controlled the oil industry. The discovery of oil deposits in Ohio, Southern California, Texas, and Oklahoma made the old model obsolete. By the time the Standard Oil Trust was broken up by the federal government inthe emergence of hundreds of independent oil companies had already ended the monopoly. Anecdote tells of one general store owner who committed sin of stocking a competitor's kerosene.
In response, Standard Oil threatened to put him out of business by opening a rival store selling everything at a lower cost. He always bought stocks in declining markets and sold in rising ones. Through what would become the Rockefeller Foundation, he created the model for john davidson rockefeller, professional philanthropic organizations. Other major accomplishments include eradication of Hookworm from the American South. He was a master delegator.
Taking strategic johns davidson rockefeller biography titan for himself and biography titan the details of execution for others to carry out--a fact that allowed him a strategic ignorance of Standard Oil malfeasance. He personally designed the grounds of each of his homes and estates. On his Pocantico estate, he designed his house so that the sun's light would follow him as he made his way along the station's of his daily routine from morning to evening. He took daily naps, spent time in the afternoon on outdoor activities, and was home in the evening to be with his family.
Unlike the portly visages maintained by his fellow robber barons, he remained trim and lithe. He did not smoke or drink and exercised regularly, which included in later life a daily game of golf. During retirement in Florida during the s, he became an avid motorist, taking regular drives in the countryside with a rotating cast of companions.
Rockefeller always sat himself in the middle of the back seat surrounded by others. Invariably, among the group was included an attractive young woman or two. Ostensibly to keep warm, Rockefeller would cover himself and his seat mate with a blanket, underneath which he allowed his hands to explore freely.
As Chernow observes, on at least one occasion, the car stopped abruptly to let out a young lady who did not appreciate Rockefeller's advances. Apr 18, Siim rated it really liked it. This is what I took away from John D. Rockefeller, once the richest man in America and the largest benefactor of his time. Rockefeller was an avid saver. But he always calculated the amount of money he could donate and gave not a penny more or less. Rockefeller was an avid lender. He always kept vast cash reserves. He never wasted time on frivolities.
When faced with mistakes he always gave the opportunity for improvement, if the employee sought it. The ethos of Standard Oil was never do work that you can delegate, and to make as much money you can.
To his official written text he had the diligence to remove every extra word. If you sign something, sign as it was the last ever signature you gave.
He carried a red notebook to john davidson rockefeller biography down improvements. And meticulously followed up on them. Never told them what to do or what not to do, was one with them.
Taught them to value money by putting a value on every household chore. Jan 09, Aaron Million rated it it was amazing Shelves: Well-researched and fair biography that is wonderfully written by Chernow. Rockefeller lived a long time and Chernow does an excellent job of chronicling how society changed titan his lifetime and how Rockefeller helped to influence prevailing views of large corporations and wealthy businessmen. Throughout the book, Chernow deftly flushes out Rockefeller's often conflicting business moves and motives vs his ultra-religious private life.
Chernow does not attempt to dissuade anyone from Well-researched and fair biography that is wonderfully written by Chernow.
Chernow does not attempt to dissuade anyone from thinking Rockefeller the evil genius of Standard Oil, because he was that person who was merciless and domineering where any john davidson rockefeller biography was concerned. Yet, he does not make him out to be a saint for all of his charitable giving and philanthropic endeavours.
As with many of us, Rockefeller was a complex person. In some ways, he was a miser - making his son John Jr. Or making loans to family members and charging them interest on the loans. But the man also gave away what would today be considered billions of dollars to many different institutions. Rockefeller took his money seriously - both in acquiring it and giving it away. The University of Chicago might well have never gotten off the ground had it not been for his multiple, and massive, endowments.
He also tried helping fellow church members who were struggling. He had no interest in most material things such as boats or fancy clothes. Yet, he ended up with 5 different homes and, for a long period of his life, walled himself off from society.
His relantionships with his family seemed more formal than friendly. Yet, Rockefeller kept to his self-imposed seasonal house rotation, despite his wife being too ill to travel. His children ended up having many different psychological problems due to the combination of their strict upbringing and the burden of Rockefeller's immense wealth. Chernow is titan good at showing how his family became somewhat dysfunctional, and also showing how Rockefeller's own childhood his father was a bigamist and disappeared for long stretches at a time affected him throughout his life.
The last few chapters seemed to focus more on John Jr. Mar 22, Carole rated it it was amazing. This was an absolutely superb biography. I loved Chernow's biography of Alexander Hamiilton, but this was even better.
Chernow is such a good writer that the weighty book reads like fiction. He could have gotten lost in the weeds in details of the complex business operations, but he was able to bring to three dimensional life the complex and reclusive personna of John D. Chernow's research is broad and meticulous and he evaluates Rockefeller's titan business success and his This was an absolutely superb john davidson rockefeller biography titan.
Chernow's research is broad and meticulous and he evaluates Rockefeller's astounding business success and his subsequent vilification in the context of the times. In fact Chernow is able to factually refute some of the attacks levied by Ida Tarbell and others.
The contrast titan the agressive, fearless, and ruthless Rockefeller who made Standard Oil the largest and richest conglomerate in the world and the gentle, reclusive, self-effacing private person is a running and fascinating theme.
In fact, Rockefeller found that a sensible, effective philanthropic program, on a scale than matched his stupendous wealth, was more difficult to achieve and caused him more personal stress than the hard driving business of business. Rockefeller had an uncanny instinct in selecting associates who were talented, hard-working and loyal. They understood and carried out his aims, making themselves all wealthier, while Rockefeller stayed largely in the background.
The story of the amazing success of this religious, unassuming, but tough-as-nails competitor is a wonderful tale. Chernow also gives a full portrait of his family, especially Sr's relationship to his twice at the same time married ne'er do well father. This book has everything: Greed, money, scandal, outrage, breakdowns, vengeance. And it's all good solid history.
No doubt my love for biographies influences my enjoyment of Titan. Chernow's detailed and comprehensive view of John D. Rodkefeller's life is quite compelling. I learned much about the man that I did not know. His dual persona of a cut-throat businessman in the tumultuous area of the late s combined with his unparalleled generosity and philanthropic commitment throughout his life leaves the reader wondering "who exactly is John D.
His charitable efforts in both religious and secular fields has funded many efforts for world evangelism as well as helping pioneer and discover medical procedures and vaccines that have helped countless millions who have benefited from them for a century and counting.
I recommend this book to all students of history as it will help explain the life of and impact of one of America's and history's more important and consequential people. Dec 02, dusty. Clearly written, easy to follow and well-researched. The rub is that it focuses so much on the duality of Rockefeller that it pushes everything else to serve these ends. The contrasting of his massive philanthropy with his underhanded business tactics is constant. As is his obsession with religion with his obsession with money.
What I don't understand is why, exactly, this is treated as such an aberration. His life is just as any life, just writ larger. The heavy-handed method of leading the reader to this does a disservice to the intelligence of the reader and of his ability to grasp these concepts without needing adult supervision.
Titan: The Life of John D. Rockefeller, Sr.
It is almost as though there are two books here. The subject of this is complex! May 25, Steven Peterson rated it it was amazing. An exceptional biography of John D. This story follows the arc of his life nicely. Great detail no surprise to those who have read other of this author's biography titan.
If interested in Rockefeller's life, this is a terrific book to read. Mar 04, Janet rated it it was amazing Shelves: I"m reminded of the Yogi Berra quote "If you come to a fork in the biography titan, take it.
Nov 17, Max Nova rated it it was amazing Shelves: The pacing of the story is excellent. Chernow does come across as a bit of a Rockefeller apologist. A big theme in the book is that unfettered competition would have destroyed the refining industry because of various competitive dynamics for example, it was often economically rational to run a refinery at a loss for a while.
So Chernow claims Rockefeller saved the industry by consolidating it and rationalizing production. The railroad rebate scandal seems oddly reminiscent of the current net-neutrality debate. At the same time - Rockefeller blazed the philanthropic path that the great philanthropists of our age Gates, Buffet, etc seem to be following.
Is it fair to compare Gates to Rockefeller? One of the key questions that Chernow sets up is whether Rockefeller ended up in Heaven or Hell. Rockefeller straight up perjured himself by lying under oath and certainly presided over many ruthless business deals while maintaining plausible deniability, of course. At the same time, he had an enormous positive impact through his philanthropy and his work certainly helped speed john davidson and catapult the US to great power status.
Favorite quotes below Despite his slow, ponderous style, once he had thoroughly mulled over his plan of action, he had the power of quick decision. Rockefeller was fantastically charitable from boyhood. During his first year on the job, the young clerk donated about 6 percent of his wages to charity, some weeks much more. While he was still in his twenties, the Civil War had converted Rockefeller into a wealthy man, giving him the funds to capitalize on a new industry then flowering in the northwest corner of Pennsylvania The petroleum industry was hatched in a very modern symbiosis of business acumen and scientific ingenuity To this end, an investor in the project, a New Haven banker named Townsend, enlisted a boarder in his rooming house, Edwin Drake, to travel to Titusville in December Able to ship by water or over land, Rockefeller gained the critical leverage he needed to secure preferential rates on transportation—which was why he agonized over plant locations throughout his career.
Despite the unceasing vicissitudes of the oil industry, prone to cataclysmic johns davidson rockefeller biography titan and busts, he would never experience a single year of loss. Searching for oil was wildly unpredictable, whereas refining seemed safe and methodical by comparison.
Before too long, he realized that refining was the critical point where he could exert maximum leverage over the industry. Daring in design, cautious in execution—it was a formula he made his own throughout his career.
Having discarded several older partners, the young man had no real business mentors, heroes, or role models and was beholden to no one. Rockefeller was not only self-made but self-invented and already had unyielding faith in his own judgment. The Standard Oil Crowd. See You in Heaven. Rockefeller's private papers to reconstruct the story of his troubled origins Chernow has served as president of PEN American Center and has received seven honorary doctoral degrees. He lives in Brooklyn, New York.