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The Rockefellers






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Rockefellers Timeline

1839 - 1898 | 1899 - 1929 | 1930 - 1985



1839

July 8: John Davison Rockefeller is born in Richford, upstate New York, to William Avery ("Bill") Rockefeller, a travelling peddler of novelties and "cures," and Eliza Davison Rockefeller, a devout Baptist.

1849

Bill Rockefeller

Following allegations of rape, Bill Rockefeller moves his family to Owego, New York, close to the Pennsylvania border.

1853

The Rockefeller family moves again, to Strongsville, Ohio, a suburb of Cleveland, to the home of Bill Rockefeller's sister and brother-in-law.

1855

John D. Rockefeller Sr.

Bill Rockefeller marries Margaret Allen, a woman 25 years his junior, beginning a secret life as a bigamist.

Under pressure from his father, John D. Rockefeller drops out of high school two months shy of commencement. He enters a professional school, where he studies double-entry bookkeeping, penmanship, banking, and commercial law.

September 26: At 16, Rockefeller gets his first job, working for Hewitt & Tuttle, commission merchants and produce shippers. He would celebrate "job day" the rest of his life.

Rockefeller starts keeping careful accounts of his finances in Ledger A, where he meticulously notes every receipt, expenditure and charitable donation.

1859

August 28: Edwin Drake strikes oil in Titusville, Pennsylvania, instigating an "Oil Rush" to the region.

Charles Darwin's "On the Origin of Species" is published. The book's influence will be felt not only in science, but also in business and society at large.

1861

Civil War

Civil War begins. Rockefeller, like some other northern businessmen, hires substitutes to avoid fighting. The war at first disrupts industry, but ultimately it will accelerate economic development in the North, contributing to Rockefeller's meteoric ascent.

1863

At 24, Rockefeller gets involved in the oil business, along with partners Maurice Clark and Samuel Andrews. Andrews, Clark & Co. builds a refinery in The Flats, Cleveland's burgeoning industrial area, which will soon be linked to the East Coast hubs by the Atlantic and Great Western Railroad.

1864

Laura Spelman

September 8: Rockefeller marries Laura Celestia ("Cettie") Spelman in a small, private ceremony, following a nine-year courtship.

1865

At 25, Rockefeller buys out his partners and founds Rockefeller & Andrew, Cleveland's largest refinery.

Laura gives birth to the Rockefellers' first child, Elizabeth ("Bessie").

1868

Euclid Avenue estate

Rockefeller strikes a major deal with a railroad, guaranteeing a certain volume of shipments in exchange for rebates. The first of many, this deal was made with Jay Gould, owner of the Erie Railroad.

The Rockefellers move to Euclid Avenue, Cleveland's "Millionaires' Row."

1870

Rockefeller founds Standard Oil of Ohio with $1 million in capital, the largest corporation in the country. The new company controls 10% of U.S. petroleum refining.

1871

Laura gives birth to Alta.

1872

Rockefeller is tainted by the scandal surrounding the South Improvement Company scheme, a secret alliance between major refiners and the railroads. However, he uses the scheme to persuade other Cleveland refiners to sell out to Standard Oil. Following the so-called "Cleveland Massacre," Rockefeller owns 22 of the 26 refineries in town.

Laura gives birth to Edith.

1873

September 18: "Black Thursday." The stock exchange crash sets off a depression that will last six years. Standard Oil takes advantage of the economic downturn to absorb refineries in Pittsburgh, Philadelphia, New York, and Pennsylvania's Oil Region.

1874

January 29: Laura gives birth to John D. Jr.

1877

At 38, Rockefeller -- still relatively unknown to the public -- controls almost 90% of the oil refined in the United States.

1879

John D. Rockefeller Sr.

At 40, Rockefeller is numbered among the country's twenty richest men.

1881

"Atlantic Monthly" publishes "Story of a Great Monopoly," by Henry Demarest Lloyd. The article's critical view of Standard Oil strikes a chord with readers. Lloyd's book-length study of Standard Oil, "Wealth against Commonwealth," appears in 1894.

1882

Standard Oil trust is formed. Rockefeller creates a highly centralized structure with enormous power but murky legal existence.

Standard Oil builds up its distribution system, streamlining the delivery and sale of oil and underselling its adversaries.

1883

The Rockefellers move to New York and build a mansion at 4 West 54th Street.

1885

Standard Oil

Standard Oil moves into new headquarters at 26 Broadway in New York. The address will become synonymous with Rockefeller's business empire.

Mid-1880s

Standard Oil expands into the overseas markets of Western Europe and Asia, selling more oil abroad than in the U.S.

1887

At age 13, John D. Rockefeller Jr. suffers a nervous collapse due to "overwork." He spends the winter at the family's country house, healing through hard physical work.

1888

Amid growing anti-monopoly sentiment, economic concentration becomes an issue in the presidential campaign. Both parties condemn it.

A New York Senate committee launches an investigation into Standard Oil. Rockefeller is called to the witness stand, and gives evasive testimony.

1889

Eliza Rockefeller

Eliza, Rockefeller's mother, dies at age 76. Her estranged husband does not attend the ceremony. Rockefeller asks the minister to say that she was a widow.

Rockefeller agrees to contribute to the founding of a new Baptist college in Chicago. The University of Chicago will become his first major philanthropic undertaking.

Andrew Carnegie publishes "The Gospel of Wealth," arguing that the wealthy have a moral obligation to serve as stewards for society.

1890

July 2: Congress passes the Sherman Antitrust Act, which outlaws trusts and combinations in restraint of trade and establishes fines for violators. The law remains in effect today.

1891

Frederick Gates

Frederick Gates, a former Baptist minister, starts working for Rockefeller as a philanthropic administrator. Gates helps make Rockefeller's philanthropy more efficient.

1893

John D. Rockefeller Jr. in college

The stock market crashes, setting off the country's first great industrial depression. Bank closings and massive unemployment heighten social tension.

The World's Columbian Exposition takes place in Chicago. The Rockefellers attend.

Rockefeller buys 400 acres in the Pocantico hills of North Tarrytown, NY, on the Hudson River. He keeps the modest house that came with the property. The estate will eventually expand to 3,000 acres.

John D. Rockefeller Jr. enters Brown University in Providence, Rhode Island.

Mid-1890s

John D. Rockefeller Sr.

Coinciding with a stressful period, John D. Rockefeller Sr. develops alopecia, a rare condition that results in the loss of all his body hair.

1895

Edith marries Harold McCormick, the son of Chicago millionaire Cyrus McCormick, the developer of the mechanical reaper.

Rockefeller decides to retire from Standard Oil, gradually and secretly, in a move designed to keep the press and the public in the dark.

1896

John D. Rockefeller

Henry Ford assembles the first automobile. Just as electricity is starting to replace kerosene as an illuminant, gasoline enters the scene, creating a rising demand for oil.

John D. Rockefeller Jr. starts working at 26 Broadway. During the first few years, his role there will be marginal and ill defined.

Standard Oil contributes $250,000 to Republican William McKinley's presidential campaign against Democrat William Jennings Bryan, a supporter of antitrust legislation. The candidates' opposing views about trusts polarize public opinion on the issue.

Late-1890s

Standard Oil attains its peak influence. Its dividends surge to 31% and its control of the market is uncontested.

1898

Between 1898 and 1902, many follow the Rockefeller business model; 198 trusts are created in coal, sugar, and other industries.

1839 - 1898 | 1899 - 1929 | 1930 - 1985



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