r ockefeller f amily & r othschild f amily : h ow did they get rich ? by: delphine marini
Post on 19-Dec-2015
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TRANSCRIPT
ROCKEFELLER FAMILY: JOHN D. ROCKEFELLER
John D. Rockefeller was born on July 8, 1939 in Richford, NY.
He started finding employment on nearby farms
Enrolled in a business school in 1855
After graduation:
Bookkeeper for Hewitt and Tuttle
Left and partnered with M.B. Clark to form his own business.
JOHN D. ROCKEFELLER: OIL BUSINESS Clark and Rockefeller then joined Samuel Andrews
to establish an oil-refining company
1865- Rockefeller bought Clark’s share in the company
Rockefeller & Andrews Oil Company
At that time prices fluctuated dramatically
To try and stabilize oil prices, they united their company with O.H. Payne, the owner of the largest oil refinery in Cleveland.
JOHN D. ROCKEFELLER & OIL REFINERIES
Bought out many companies or drove others out of business by selling their oil for a much cheaper price
Rockefeller united all of the companies together
Became the Standard Oil Company
During the 1870s and 1880s, Rockefeller sought to expand Standard Oil’s influence
By 1878, Standard Oil controlled 90% of the oil refineries in the United States
JOHN D. ROCKEFELLER: STANDARD OIL
In the 1880s and 1890s, the Federal Gov’t attacked Rockefeller for having created a virtual monopoly over the oil industry.
In 1890, John Sherman, a senator from Ohio, proposed an anti-trust act
In 1892, Ohio’s attorney general filed suit against Rockefeller and his company.
Ohio won the case but Standard Oil appealed the decision
In 1911, US Supreme Court eventually ruled in this case that Standard Oil was a trust and had to cease to exist
JOHN D. ROCKEFELLER:STANDARD OIL BROKEN UP
The company broke out into numerous divisions
Rockefeller had actually retired from the company in 1895
In 1901, he was estimated to have $900 million
He dedicated the rest of his life to philanthropic efforts
Established the University of Chicago in 1892
Rockefeller Institute for Medical Research in 1901
Donated to various charities through theRockefeller Foundation
Died in 1937 in Florida
THE ROTHSCHILD FAMILY:MAYER AMSCHEL ROTHSCHILD
The Rothschild family wealth starts with Mayer Amschel Rothschild
He had five sons with his wife, Gutle, all of whom played an important role inincreasing the family wealth
Amschel Mayer, Salomon, Nathan Meyer, Karl, and James.
Family Crest
THE ROTHSCHILD FAMILY:FIVE BROTHERS
Each son opened a branch of Rothschild Bank in different countries:
Amschel Mayer- Frankfurt
Salomon- Vienna
Nathan- London
Karl- Naples
James- Paris
THE ROTHSCHILD FAMILY:NATHAN
Dealt in bills of exchange and arranging foreign loans
He provided the model for his brothers who were still back in Frankfurt
In 1814, He and his brothers werecommissioned by the British government to raise the funding to help Britain and its allies to defeat Napoleon
THE ROTHSCHILD FAMILY:FAMILY LEGACY
Other descendants added other interests
Built and financed networks of railroads in France and Austria
During the Gold Rush, they set up agencies in Australia and California
Turned to investment in the mining of precious stones in 1887 in Africa and India
Also known for their winemaking, collecting and other charitable benefactors.
ROSTHCHILD NOW Provides:
Investment Banking
Corporate Banking
Private Banking and Trust
Located in 34 countries: From America, to Europe, to Australia
Wilson, Derek. Rothschild: The Wealth and Power of a Dynasty. New York: Charles Scribner’s Sons, 1988.
Morton, Frederic. The Rothschilds; A Family Portrait. New York: Atheneum, 1962.
”John D. Rockefeller", Ohio History Central, October 16, 2006, http://www.ohiohistorycentral.org/entry.php?rec=326.
Tarbell, Ida. History of Standard Oil. New York, NY: Arno Press, 1976.
www.rothschild.info/start.asp
“Rothschild”, Rothschild, 2009, www.rothschild.com.
WORKS CITED: