John Rockefeller, US oil magnate

John Rockefeller, US oil magnate

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Credit: AMERICAN PHILOSOPHICAL SOCIETY/SCIENCE PHOTO LIBRARY

Caption: John Davison Rockefeller (1839-1937), US oil magnate and philanthropist, with a boy carrying golf clubs. In 1862 Rockefeller went into business with Samuel Andrews, the inventor of a cheap oil refining process. The business prospered and in 1870 Rockefeller and his brother, William, founded the Standard Oil Company. They soon dominated the oil industry. The company was declared an illegal monopoly in 1892 but was not dissolved until 1899. At its peak, Rockefeller's fortune stood at about one billion US dollars, of which he donated about 550 million to charity, including forming the Rockefeller Foundation (founded 1913). Photographed circa 1935.

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