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John D. Rockeffelar and Northern Securities Free Essay, Term Paper and Book Report

In 1859 John D. Rockefeller started one of the greatest monopolies of the progressive era. The Standard Oil Company grew to dominate the oil industry and became one of the first big trust in the United States. In 1870 the Northern Pacific Railway which span from Duluth and St. Paul, Minnesota, to Seattle, Washington and Portland, Oregon. Northern Pacific Railway was the first to offer passenger and service across the Western U.S. John Rockefeller was born July 8th, 1839, the second of six children. He took a business course at Folsom Mercantile College in 1855. He was employed as an assistant bookkeeper by Hewitt and Turtle. He was paid only $50 for 3 months of work. Moving up to a cashier he made $25 a month. With $1,000 saved and another $1,000 borrowed form his father, Rockefeller formed a partnership in commission business with Maurice B. Clark. In the same year the first oil well was drilled at Titusville in western Pennsylvania, give a rise to the petroleum industry. Cleveland soon became a major refining center of he booming new industry. In 1863 Rockefeller and Clark entere......

Word Count: 655
Page Count: 2.6  (250 words a page / double spaced)


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