Rockefeller, John D.

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Rockefeller, John D. (Davison)

(1839–1937) industrialist, philanthropist; born in Richford, N.Y. After only two years of high school, he went to work in 1855 in Cleveland, Ohio, as a bookkeeper for a small food firm. In 1859 he formed Clark & Rockefeller, a food handling firm that prospered during the Civil War. Deeply religious, he began his philanthropies by giving ten percent of his earnings to churches. In 1863 he entered the brand new oil business by settling up a refinery in Cleveland; by 1870 he had expanded to the extent that he formed the Standard Oil Company of Ohio. By 1878 his company dominated the piping, refining, and marketing of American petroleum; it would soon be a major player in the world markets. His monopolistic tendencies led to a famous federal lawsuit (1890–92), whereupon he dissolved the Standard Oil "trust" and transferred control to companies in different states. He maintained control through Standard Oil (New Jersey) until a 1911 Supreme Court decision forced its dissolution and his retirement. By this time Rockefeller had, since the late 1890s, been increasingly less involved with the business and more engaged in his philanthropic activities. His benefactions during his lifetime reached some $550 million and included especially the Baptist Church, the YMCA, the University of Chicago, and the Rockefeller Institute for Medical Research (since 1953 Rockefeller University). He also established the Rockefeller Foundation (1913), which remained the principal disburser of the estate's fortune in ensuing decades. A legend in his own lifetime, for some he remained the supreme American success story, for others he was the symbol of unrestrained capitalism.
References in periodicals archive ?
John Rockefeller, a Democrat from West Virginia, also welcomed an expected selection of Miyazawa as finance minister, saying the former prime minister will likely push ahead with banking and other economic reforms.
WASHINGTON -- The National Retail Federation and the West Virginia Retailers Association today announced the launch of a radio advertising campaign urging Senators John Rockefeller and Joe Manchin to oppose efforts to delay a new federal law that would save retailers and consumers more than $1 billion a month by lowering "swipe" fees banks charge to process debit card transactions.
A4A and its members deeply appreciate the leadership and the tireless work of Senate Commerce Committee Chairman John Rockefeller (D-WV) and Ranking Member Kay Bailey Hutchison (R-TX), as well as Aviation Subcommittee Chairwoman Maria Cantwell (D-WA) and Ranking Member John Thune (R-SD), in bringing this critical legislation to a successful conclusion.
But the lay out of the advert was influenced by a commemorative plaque to John Rockefeller Junior in the US.
The letter from Chairman John Rockefeller inviting the testimony specifically asks me to outline how organizations can better measure risk," said Kellermann.
Advocates for Highway and Auto Safety (Advocates) commended the leadership of Senator Frank Lautenberg (D-NJ), Chair of the Surface Transportation Subcommittee, Senator John Rockefeller (D-WV), Chair of the Senate Commerce Committee, and Senator Mark Pryor (D-AR), Chair of the Consumer Protection Subcommittee, for introducing S.
Duncan's comments came in a letter to Senate Commerce, Science and Transportation Committee Chairman John Rockefeller, D-W.
and cosponsored by Charles Grassley, R-Iowa, John Rockefeller, D-W.
After opening remarks by Senators Wyden, Thune and John Rockefeller (D-WV), three groups of witnesses testified at the hearing: a panel of Senators; a panel of executives and representatives from a few of the affected industries, and a panel of officials from CBP, ICE and DOC.
John Rockefeller, Tom Harkin, Joe Lieberman, Daniel Akaka, Claire McCaskill, and Barbara Mikulski.
1932, as well as bipartisan co-sponsors Jim Bunning (R-KY), Christopher Dodd (D-CT), Joseph Lieberman (D-CT), John Rockefeller (D-WV), Craig Thomas (R-WY) and George Voinovich (R-OH).
John Rockefeller founded the institute in memory of his mother, who died of Alzheimer's disease.