Preview

John D. Rockefeller Monster Monopolist or Marketplace Hero

Good Essays
Open Document
Open Document
5809 Words
Grammar
Grammar
Plagiarism
Plagiarism
Writing
Writing
Score
Score
John D. Rockefeller Monster Monopolist or Marketplace Hero
Debating the Documents
Interpreting Alternative Viewpoints in Primary Source Documents

Monster Monopolist or Marketplace Hero?
John D. Rockefeller and his Standard Oil Company were widely admired and just as widely despised.

Rockefeller:

©2006 MindSparks, a division of Social Studies School Service 10200 Jefferson Blvd., P.O. Box 802 Culver City, CA 90232 United States of America (310) 839-2436 (800) 421-4246 Fax: (800) 944-5432 Fax: (310) 839-2249 http://mindsparks.com access@mindsparks.com Permission is granted to reproduce individual worksheets for classroom use only. Printed in the United States of America ISBN: 978-1-57596-225-2 Product Code: HS623

InTRoducTIon

Teacher

Teacher Introduction
Using Primary Sources
Primary sources are called “primary” because they are firsthand records of a past era or historical event. They are the raw materials, or the evidence, on which historians base their “secondary” accounts of the past. A rapidly growing number of history teachers today are using primary sources. Why? Perhaps it's because primary sources give students a better sense of what history is and what historians do. Such sources also help students see the past from a variety of viewpoints. Moreover, primary sources make history vivid and bring it to life. However, primary sources are not easy to use. They can be confusing. They can be biased. They rarely all agree. Primary sources must be interpreted and set in context. To do this, students need historical background knowledge. Debating the Documents helps students handle such challenges by giving them a useful framework for analyzing sources that conflict with one another.

“Multiple, conflicting perspectives are among the truths of history. No single objective or universal account could ever put an end to this endless creative dialogue within and between the past and the present.”
From the 2005 Statement on Standards of Professional Conduct of the Council of the American Historical Association.

You May Also Find These Documents Helpful

  • Good Essays

    Rockefeller controlled more than 95% of the world oil market. His Standard Oil Company was the monopoly of the oil market. He also earned the label robber baron from his oil monopolies. He used his intelligence to try a new way of oil business to blow the rest of the market away. He started his company by just refining oil. He considered that drilling for "black gold" would cost millions just to find the oil. Once he had enough money he found a way to control all of the oil industry. Instead of having to deal with middleman and payments for shipping he started his own barrels, refineries, pipelines, merchandised his oil, and even had his own fleet of tankers to avoid shipping. This great deal of organization is what earned him his fortunes. He grew such a strong business that he could use his great rebate attributes to skillfully gain the…

    • 1038 Words
    • 3 Pages
    Good Essays
  • Satisfactory Essays

    Morgan,Rockefeller and Carnegie were robber barons They were considered cruel and ruthless. Carnegie made his employees work long hours and gave them little pay he even tried to stop unions in his company. Employees pointed out that Rockefeller could have paid his workers a fairer wage and settled for being a half billionaire. Morgan criticized for creating monopolies by making it difficult for any business to compete against his.…

    • 70 Words
    • 1 Page
    Satisfactory Essays
  • Satisfactory Essays

    These men were robber barons. They treated their workers very poorly. Rockefeller would make his workers work long desilet hours for very little pay. Carnage made his employees work long hours and little pay. He even tried to stop unios in his company. Carnegie competed fiercely in business and tried to squash organized labor. Rockefeller, and Carnegie were robber barons. It explains how they treated their workers very badly and how little they paid them.…

    • 75 Words
    • 1 Page
    Satisfactory Essays
  • Good Essays

    The industrialists were captains of industry because they Put in time and effort into making the economy stronger and bigger. Captains of industry are considered people who are very high on the social chain. Carnegie & Rockefeller were both considered captains of industry rather than robber barons because they did more good rather than bad. These people benefited society and helped created better or stronger ideas that helped businesses or helped save lives. These industrialists weren’t considered robber barons because they weren’t harming the environment, society and they weren’t robbing people of their innocence and freedom, they were helping people live better lives.…

    • 424 Words
    • 2 Pages
    Good Essays
  • Satisfactory Essays

    John D. Rockefeller an oil tycoon and an investment mogul, he invented a new type of fuel for lamps called kerosene, formed an oil company called Rockefeller and Andrews, and his way of making profits was reinvesting the money he made back to the company. Later, Rockefeller formed a company called Standard Oil, the company quickly successful because he was in a good economic conditions and keeping margins high. He bought out all of his competitors, and he would make improvements, more efficient and profitable. He was a philanthropist in his later life. He donated his money into education, medicine, and the arts. In this way, he changed the public’s view big businesses and their leader.…

    • 116 Words
    • 1 Page
    Satisfactory Essays
  • Powerful Essays

    Eleanor Roosevelt was not only a profound social & civil rights activist but also one of the most influential leaders in our U.S. History.…

    • 1738 Words
    • 7 Pages
    Powerful Essays
  • Good Essays

    Although events in history occurred over a long span of time and development, history first became an academic subject a little more than 100 years ago (McNeill 12). Since then, a plethora of controversies appeared regarding how historians, scholars, and intellectuals should examine and analyze history. Among the initial methods of studying history was the scientific research method, or scientific source criticism, which fundamentally extracts valid, legitimate facts from a diverse range of historical sources. Throughout time, however, the facts derived from this method of historical study gradually altered, leading to a new method of historical study: using facts and combining them with opinions and goals to constitute personal interpretations. As Oscar Handlin zealously asserts, historians and scholars should provide a strict examination of history based on a chronological study of known and verifiable facts as opposed to using verifiable facts as the basis for their own interpretation, influenced by their own group, experiences, beliefs, and personal motives. Through implementing a strict examination of history, historians can successfully detect and eradicate bias in their writings, allow the government as well as individuals to gain an insight into the past in order to secure and progress the future, and grasp the magnitude of truth.…

    • 645 Words
    • 2 Pages
    Good Essays
  • Good Essays

    With this borrowed money and the money he had made with his other business, he bought the largest oil refinery in Cleveland, Ohio and started Standard Oil. Rockefeller formed Standard Oil with his younger brother William Rockefeller, Henry Flagler, and a group of other men. John was the company’s president and the largest shareholder. Over the next few years, Rockefeller made new partners and grew his business interest in the growing oil industry. In 1882 these companies combined to form the Standard Oil Trust. This trust would soon control about 90% of the nation’s refineries and pipelines in America. One of the reasons Standard Oil was so successful was that they bought rival companies and started companies for distributing and marketing their products. “In order to exploit economies of scale, Standard Oil did everything from building it’s own barrels to employing scientists to figure out a use for petroleum by products.” Because of Rockefeller’s enormous wealth and fame, he was often the target of people spreading rumours about how he ran his business and how he became successful. As the New York Times reported in 1937: “ He was accused of crushing out competition, getting rich on rebates from railroads, bribing men to spy on competing companies, making secret agreements, coercing rivals to join the Standard Oil Trust under threat of being forced out of business, building up enormous fortunes on the ruins of other men, and so…

    • 607 Words
    • 3 Pages
    Good Essays
  • Good Essays

    Business is a fascinating topic to research and no one is more fascinating that John D. Rockefeller. This paper answers the age old question of any successful businessman: where did he get his start? I will answer that question with a paper about John D. Rockefeller’s early life. It will also explain how he became one of the first great business leaders for America and some of the major influences in his life and what he did after he retired. .…

    • 765 Words
    • 4 Pages
    Good Essays
  • Good Essays

    During the 1800’s, two men started as poor, working class citizens with a dream, a dream to become wealthy and be able to support their families. Both of these men made their dreams come true by ruthless tactics and sometimes were looked down on. These two men were Andrew Carnegie and John Rockefeller, the original entrepreneurs of America. Both men acquired mass fortunes and lived extravagant lives after they had retired, but they used their money for good; they helped fund multiple charities, build libraries, hospitals and colleges. Even when they were amassing their fortunes they were helping the common man, they created thousands upon thousands of jobs, some of which were low wages for long hours, but it got the food on the table for these men. I believe that what Andrew Carnegie and John Rockefeller did bettered America, not just then but now as well.…

    • 1190 Words
    • 5 Pages
    Good Essays
  • Good Essays

    John D Rockefeller Wealth

    • 638 Words
    • 3 Pages

    Should the wealthiest of one’s country donate funds to assist the welfare of others? John D. Rockefeller was born into a middle class family, but through his education and efforts he gained tremendous wealth. In the early stages of his life, he and his family moved to the Cleveland, Ohio, area where he later began to work as an assistant bookkeeper for produce merchant at the age of 16. Standard Oil was not discovered flowing out of the Western Pennsylvania springs, aka “Oil Creek” until 1858. Not only was he the founder of standard oil, but he was also a philanthropist. John also donated significant amounts of money to education and medical research. Rockefeller’s wealth, not only provided for his well being, but also…

    • 638 Words
    • 3 Pages
    Good Essays
  • Better Essays

    The African-American Race

    • 1561 Words
    • 7 Pages

    References: Social Problems, Census Edition, Fourth edition, by John J. Macionis. Published by Merrill Prentice Hall. Copyright © 2012 by Pearson Education, Inc.…

    • 1561 Words
    • 7 Pages
    Better Essays
  • Powerful Essays

    Activity

    • 1594 Words
    • 10 Pages

    Source: “An ocean steamer passing the Statue of Liberty: Scene on the Steerage Deck,” from Frank…

    • 1594 Words
    • 10 Pages
    Powerful Essays
  • Satisfactory Essays

    Fukyama V Huntington

    • 719 Words
    • 3 Pages

    "What we may be witnessing in not just the end of the Cold War, or the passing of a particular period of post-war history, but the end of history as such: that is, the end point of mankind's ideological evolution and the universalization of Western liberal democracy as the final form of human government."…

    • 719 Words
    • 3 Pages
    Satisfactory Essays
  • Good Essays

    "Important truths begin as outrageous, or at least uncomfortable, attacks upon the accepted wisdom of the time."…

    • 646 Words
    • 3 Pages
    Good Essays