With which company did Rockefeller dominate the US oil business?
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Standard Oil
It controlled almost all oil refining in the USA.
💡 Did you know? Such a monopoly had never existed before.
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With which raw material did Rockefeller become rich?
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with oil
At the time it was needed mainly for lamps (kerosene).
💡 Did you know? Later oil became the fuel of the entire 20th century.
What ultimately happened to Rockefeller’s oil monopoly?
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it was broken up
Standard Oil was split into many separate firms.
💡 Did you know? From them came companies like ExxonMobil.
As what is Rockefeller often regarded?
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as the richest person in history
His fortune, adjusted, exceeded that of today’s billionaires.
💡 Did you know? He was the first billionaire in the USA.
What did Rockefeller become in his later years?
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a great philanthropist
He founded universities and foundations.
💡 Did you know? The Rockefeller Foundation is still active worldwide today.
Which famous university did Rockefeller help found?
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the University of Chicago
He also funded medical research on a grand scale.
💡 Did you know? His donations shape education and science to this day.
For what was Rockefeller’s business conduct sharply criticised?
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for ruthless methods
He forced rivals out of the market by every means.
💡 Did you know? Journalists exposed his practices to the public.
What became of the Rockefeller name after his death?
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a famous dynasty
Descendants became governors, bankers and politicians.
💡 Did you know? The Rockefeller Center in New York bears their name.
Public domain · Wikimedia Commons
Which billionaire is shown here?
Show answer
John D. Rockefeller
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