John D. Rockefeller
...ol. After this he needed a new source of income, so John went looking for a job. He had no luck at all for the week or two and as he was giving up, ready to go back to the his home he got lucky. Before he left he decided to go back he dropped by the docks and filled one more application out. He was told to stop by later in the afternoon, he did and was hired as a bookkeeper. John knowing the meaning of hard work started saving his money since he received his first pay check. After being there for three months he was given a raise to $25 a month. While being with that company he meet an acquaintance by the name of M Clark. He was an immigrant from England, seeking a better life in the United States. The two were remarkably similar from many ways. In 1858 the two added their savings and started their company, it dealt with produce. It started on a great note, it was very profitable and prosperous. When war came to time the two saw a chance to meet a demand sought after by the military. In 1862 a man by the name of Samuel Andrews asked the two men to lend him money to start a small oil refinery business. The two happily gave him $4,000. With Andrews wits and smarts the refinery grew into a big business. Andrews devised many new ways of refining the oil and yielding more usable product from the raw material. By 1865 the venture was the most successful one in town. Later that year John sold his share of the commission business and put his money into the oil firm of Rockefeller and Andrews. They two managed their business in a way they felt they would be most effective. Andrews headed the research and manufacturing department and John dealt with the business aspects of it. John saw the whole aspect of oil as his creation, and as his creation he had to seek and control most aspects of the process. He insisted on making most things within the company. They made their own oil barrels hired mostly trusted men, and relentlessly bargained for crude oil prices. The firm was so successful that John started a second refinery called William A. Rockefeller and Company. Their new partner H. M. Flagler along with John opened a house in New York to selling oil. In June, 1870, 5 years after he became an active partner in the refining business, Mr. Rockefeller combined all his companies into one-the Standard Oil Company. In 1878, the Standard forced the railroads to pay a drawback of 20-35 cents a barrel of crude oil shipped by any other party. Production increased in the Pennsylvania because of a large discovery in the Bradford area. Standard was forced to quickly build as many large holding tanks as possible to hold the huge amounts of oil. By 1879 the Standard Oil Company handled 90 percent of the refining in the United States, with almost ...