ROCKEFELLER FAMILY & ROTHSCHILD FAMILY: HOW DID THEY GET RICH?By: Delphine Marini

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:FOUR OTHERS

1812- James 1820- Salomon Karl Mayer Amschel

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.

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