USA HISTORY

THE VIRGINIA DYNASTY 1801 1825

AMERICAN INDUSTRIALIZATION FACTORY SYSTEM AND MARKET REVOLUTION

Question [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
He was known as a major entrepreneur in the Oil Industry
A
John Rockefeller
B
Andrew Carnegie
C
Cornelius Vanderbelt
D
Gustavus Swift
Explanation: 

Detailed explanation-1: -John Davison Rockefeller, 1885, founder of Standard Oil and the biggest entrepreneur in the oil and gas industry.

Detailed explanation-2: -Abstract. Reconstructs the entrepreneurial journey of John D. Rockefeller, founder of Standard Oil and one of the most famous business figures in history. Traces his early career as a retailer in Cleveland through his decision to enter the oil industry in the early 1860s to his creation of Standard Oil.

Detailed explanation-3: -John D. Rockefeller (1839-1937), founder of the Standard Oil Company, became one of the world’s wealthiest men and a major philanthropist. Born into modest circumstances in upstate New York, he entered the then-fledgling oil business in 1863 by investing in a Cleveland, Ohio refinery.

Detailed explanation-4: -One of those who heard about the discovery was John D. Rockefeller. Because of his entrepreneurial instincts and his genius for organizing companies, Rockefeller became a leading figure in the U.S. oil industry.

Detailed explanation-5: -Entrepreneur John D. Rockefeller rose from his humble beginnings to become the richest man in the world by founding the Standard Oil Company that controlled the American economy. He is credited for revolutionizing the petroleum industry and defining the structure of modern philanthropy.

There is 1 question to complete.