USA HISTORY

Detailed explanation-1: -John D. Rockefeller (1839-1937), founder of the Standard Oil Company, became one of the world’s wealthiest men and a major philanthropist.

Detailed explanation-2: -In the end, Rockefeller made a deal with the other company, which gave Standard Oil ownership of nearly all the oil pipelines in the nation. By 1880, Standard Oil owned or controlled 90 percent of the U.S. oil refining business, making it the first great industrial monopoly in the world.

Detailed explanation-3: -Rockefeller. Born in 1837, John D. Rockefeller became one of the richest men in the world as the founder of the Standard Oil Company.

Detailed explanation-4: -Rockefeller was considered a “Captain of Industry” because he founded the Standard Oil Company and became a philanthropist, who donated over $500, 000, 000 to charities, universities, and churches.

Detailed explanation-5: -John D. Rockefeller founded the Standard Oil Company, which dominated the oil industry and was the first great U.S. business trust. Later in life he turned his attention to charity. He made possible the founding of the University of Chicago and endowed major philanthropic institutions.