He created a monopoly in the standard oil trust company. He gave away mostof his fortune. In my opinion Rockelfeller is a captain of industry. Vanderbilt, The NewYork Times, Allen Nevins, and an excerpt from Rockelfeller’s biography led me to thisconclusion. Rockelfeller to me is a captain of industry because of his philanthropy and greatsuccess.
An article from the New York Times helped swayed my decision. It gaveamounts of money he had given away. One of the foundations he had given the mostmoney to was the Rockelfeller Foundation, New York City. He gave $182,857,480. 90 toit.
Another foundation he gave to was the General Education Board. He contributed$129,209,167. 10 to it. In his life time he gave away a total of 550 million dollars. TheNew York Times also stated he was a dedicated to giving his fortune away. I also felt hewas a Captain of Industry because of Allen Nevins (Historian).
He talked aboutRockelfeller being a “Bold Innovator in industry and philanthropy” he also said he was”an organizing genius. ” Allen Nevins, Historian 1940. Another person who swayed mydecision was William H. Vanderbilt.
He felt Rockelfeller had a monopoly because hewas “Enterprising, Shrewd, Able, and Smart. ” Pg. 128 promise of America volume 3. Vanderbilt knew that Rockelfeller had a successful business because of his good skills. The last thing that helped me decide was a excerpt from Rockelfeller’s biography. Hisopinion was like Vanderbilt’s, stating his success was because of the traits he had.
Theseare some of the things he said about his self. “I manage my affairs well, have great vigor,and am fighting to sell” 1936 John D. Rockelfeller’s biography. Another pointRockelfeller made was that he does have competition but in foreign markets. To himsuccess for him meant success for the US This means the more money he makes themore our country makes. If we buy from foreign countries our businesses would go outof business and many Americans would lose their jobs.To me this decision was hard to make but after comparing the pro’s and con’s Ifeel he is more a Captain of Industry than a Robber Baron.————————————————————–