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Titan The Life Of John D Rockefeller Sr Ron Chernow 1998

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Titan The Life Of John D Rockefeller Sr Ron Chernow 1998

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Name:Titan The Life Of John D Rockefeller Sr Ron Chernow 1998

Infohash: 0B9DF10924AD690ABD85FECC5E3301411E94D89E

Total Size: 482.61 MB

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Stream: Watch Full Movie @ Movie4u

Last Updated: 2022-08-31 23:42:22 (Update Now)

Torrent added: 2009-10-08 21:48:50






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Page 1
5
A Review of
TITAN
THE LIFE OF JOHN D. ROCKEFELLER, SR.
by Ron Chernow
Reviewed by
Michael Lee
INTRODUCTION
John D. Rockefeller, Sr. is remembered as one of the
foremost capitalists in American history. Recalling some of the great
names from the turn of this century - Andrew Carnegie, J.P. Morgan,
William Hearst and Henry Ford - the name Rockefeller is always
required to complete the roll call. Rockefeller, in his lifetime, was
both the most admired and most hated businessman in America.
Considered one of the Great Robber Barons, the name Rockefeller
has changed from very negative connotations at the turn of this
century to a mostly positive one by the end of it. The John D.
Rockefeller, Sr. story is really the story of the American oil industry.
From an unused commodity in the early 1800's to the major global
economic industry it is today, the story of oil is the story of Standard
Oil and a man named Rockefeller. It continues to this day.
John D. Rockefeller not only created Standard Oil, which
was the largest business empire on earth, he formed the most
extensive empire of philanthropy in existence including the
University of Chicago, Spelman College, Rockefeller University, the
Museum of Modern Art, The Cloisters, and the Rockefeller
Foundation. The fascination with Rockefeller is that his account
reveals one of the most ruthless and relentless business personae of
all time matched by one of the most forward thinking philanthropic
minds the world has ever seen.
The oil rush of the 1860's is comparable to the California
Gold Rush or even the internet technology explosion of today.
People flood to the geographic area of riches and cast their die in the
new crap shoot. Huge fortunes were quickly made and lost. The
newly discovered treasure brought out the best and worst in people.P
John D. Rockefeller, Sr. is remembered as one of the
foremost capitalists in American history. Recalling some of the great
names from the turn of this century - Andrew Carnegie, J.P. Morgan,
William Hearst and Henry Ford - the name Rockefeller is always
required to complete the roll call. Rockefeller, in his lifetime, was
both the most admired and most hated businessman in America.
Considered one of the Great Robber Barons, the name Rockefeller
has changed from very negative connotations at the turn of this
century to a mostly positive one by the end of it. The John D.
Rockefeller, Sr. story is really the story of the American oil industry.
From an unused commodity in the early 1800's to the major global
economic industry it is today, the story of oil is the story of Standard
Oil and a man named Rockefeller. It continues to this day.
John D. Rockefeller not only created Standard Oil, which
was the largest business empire on earth, he formed the most
extensive empire of philanthropy in existence including the
University of Chicago, Spelman College, Rockefeller University, the
Museum of Modern Art, The Cloisters, and the Rockefeller
Foundation. The fascination with Rockefeller is that his account
reveals one of the most ruthless and relentless business personae of
all time matched by one of the most forward thinking philanthropic
minds the world has ever seen.
The oil rush of the 1860's is comparable to the California
Gold Rush or even the internet technology explosion of today.
People flood to the geographic area of riches and cast their die in the
new crap shoot. Huge fortunes were quickly made and lost. The
newly discovered treasure brought out the best and worst in people.
Boom is too quickly followed by bust, and wealth can be gained,
lost, or stolen. From this rough and tumble environment the genteel,
quiet and reserved Rockefeller forged a global monopoly and created
personal wealth that may never be exceeded.
What is meant here is that Rockefeller's personal wealth was
estimated in 1917 to be 2.5% of the gross national product. His
fortune was estimated at between nine hundred million and one
billion dollars. The entire federal budget in 1917 was seven hundred
and fifteen million dollars. Rockefeller could have personally funded
the government for a year with a huge sum left over. Today, even
Bill Gates' enormous worth is only about one half of one percent of
gross national product. All this to say, John D. Rockefeller may
long reign as the richest man in American history.

One can not minimize the environmental changes that
occurred, in the precise correct order, at the precisely correct time
that allowed Rockefeller to create an industry. It was an exciting
time in America. For Standard Oil to become a reality, two
technological changes had to occur and two other industries had to
blossom, all in convergence and one logistical item had to fall into
place to create the opportunity Rockefeller needed to build his
enterprise. All of these transpired in the shadow of the greatest era of
American war casualties, the Civil War.
The second great religious awakening in the United States is
stated to have begun in the early 1800's and the dichotomous mode in
the land was one of great religious zeal coupled with unparalleled
economic expansion. Two great changes were occurring in the
modernization of America. One was the growth of the transportation
industry in general and railroads in particular. The second and
perhaps the most significant change that would impact young
Rockefeller was much more domestic than one might guess. It was
the growing need for lighting, or as it was termed at the time,
illumination.

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