Oil, Money, and Power

John D. Rockefeller was a business icon. He used risky tactics to grow a business into a major empire. He was an interesting character in history.

By the end of the American Civil War, Cleveland was one of the five main refining centers in the U.S. (besides Pittsburgh, Philadelphia, New York, and the region in northwestern Pennsylvania where most of the oil originated). In June 1870, Rockefeller formed Standard Oil of Ohio, which rapidly became the most profitable refiner in Ohio. Standard Oil grew to become one of the largest shippers of oil and kerosene in the country. The railroads were fighting fiercely for traffic and, in an attempt to create a cartel to control freight rates, formed the South Improvement Company in collusion with Standard and other oil men outside the main oil centers. Click here to read more.

Click here to watch an interesting video on oil.

Donna

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About historythrutheages

I write stories of His Story Through The Ages that offer tales of hope and redemption.

Posted on October 2, 2013, in Research. Bookmark the permalink. Comments Off on Oil, Money, and Power.

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