John D. Rockefeller: Captain Of Industry

626 Words3 Pages
John Davison Rockefeller began his business, the Standard Oil Company in 1870. It began as a small partnership in Ohio and later became the world's richest man. He was the first American billionaire and retired in the year 1897, 40 years before his death. John Davidson Rockefeller was a Captain of Industry. John Rockefeller was a firm believer in philanthropy and major ideals of human kind as a whole, with with his obvious feelings toward education standing as proof. Before his retirement, Rockefeller foudned the University of Chicago in the year 1892 and called it "the best investment [he] ever made". The University has since produced 82 Nobel Prize winners and was the location for the world's first man-made self-sustaining nuclear reaction. In 1902 he founded the General Education Board which served to promote education of all levels nationwide, especially black schools in the South. He also has noted donations to other distinguished colleges including Brown, Yale, Columbia, Vassar, Harvard, Bryn Mawr, and Wellesley. Although many could plainly see the…show more content…
Rockefeller's major contributions was to that of the field of medicine. The Rockefeller Institute for Medical Research was established in 1901, later becoming Rockefeller University in 1965 by adding graduate school to its program. This University also produced a grand number of Nobel Prize victors: 23. Established in 1913, the Rockefeller Foundation was the recipient of $250 million of Rockefeller's money. It was set up to "promote the well-being of mankind" and has since dispersed more money than Rockefeller himself earned in his entire life. It was made to expand the Rockefeller Sanitary Comission (1909-1913) which eliminated the hookworm disease that had seriously infected southern America prior to its establishment. His final foundation was the Laura Spelman Rockefeller Memorial Foundation, created in 1918 in memory of his wife for the furthering of child welfare and social

More about John D. Rockefeller: Captain Of Industry

Open Document