USA HISTORY

Detailed explanation-1: -Rockefeller, in full John Davison Rockefeller, (born July 8, 1839, Richford, New York, U.S.-died May 23, 1937, Ormond Beach, Florida), American industrialist and philanthropist, founder of the Standard Oil Company, which dominated the oil industry and was the first great U.S. business trust.

Detailed explanation-2: -John Davison Rockefeller Sr. (July 8, 1839 – May 23, 1937) was an American business magnate and philanthropist. He has been widely considered the wealthiest American of all time and the richest person in modern history.

Detailed explanation-3: -While he has faced some criticism historically for how he accumulated his wealth, Rockefeller’s charitable efforts paint him as a philanthropic captain of industry.

Detailed explanation-4: -Rockefeller and a business partner became oil refiners. From this small start, grew the Standard Oil Company. By the 1890s, Standard Oil owned three-quarters of the oil industry in the United States.

Detailed explanation-5: -Rockefeller’s Standard Oil Company became the most dominant oil refinery in the country, eventually enabling him to bring in thousands of dollars a day. His navigation of the industry and adoption of monopolistic business practices led him to be the first on the list of billionaires.