John Davison Rockefeller was both the essence and epitome of the “self-made man.” The vicissitudes of his early life proved of little hindrance to his later business successes. John was born on July 8, 1839, in Richford, New York, and was brought up under a strong maternal influence of his mother, Eliza (Davison); from his father, William, he thankfully retained nothing but the family name. John’s mother had a strong and marked influence on his religious (Baptist) upbringing and beliefs. She also had an influence on the ethical (rather than the fiduciary) side of the business.
As to be expected, Rockefeller’s business aspirations started small but soon grew like the proverbial “runaway snowball.” He was an abolitionist but opted not to serve in the armed forces like his brother, Frank, and instead paid for another to take his place, a common practice of the time. He continued to prosper in business during the war but after the war, the United States and indeed the world had drastically changed. Rockefeller was now in his element and the thrived in this new world of commerce and trade. Rockefeller can’t be accredited with the discovery of oil in Pennsylvania, nor can he take the laurels for first drilling for the “black gold.” What he can take credit for is seeing the value in refining it into any number of usable products and byproducts. Together with Maurice Clark and Samuel Andrews, Rockefeller built a refinery in Ohio to process the vast quantity of oil being pumped from the earth. This company went through several mutations before finally taking on the name Standard Oil Company.
People can both love and admire John D. Rockefeller or they can despise and condemn his ruthless avaricious business practices. The truth, as is generally the case, lies somewhere in the middle. This short biography lights on certain motivating aspects of his life and business. It also enunciates his philanthropic works of later life. This book answers a few questions but poses many more. It is up to the reader to delve deeper into this man’s life and accomplishments to glean a true picture of John D. Rockefeller, and once the richest man on earth.