@@johnd.rockefeller3304 @Biographics I think TIFO or TopTenZNet needs to do some episodes on zombies or ghosts, because Mr. Rockefeller is responding to comments.
Fun Fact: One of the ways Rockefeller would convince competitors to sell their oil companies to him was simply inviting them over and setting down a book of his finances then leaving the room. In the book the competitor would see Rockefeller could operate at a loss longer then they could. Leaving them with either the option to go bankrupt or sell.
Actually, what the books revealed was the levels of his profits - i.e. he was so cost efficient he could sell finished product for much lower prices than his competitors and still make a profit.
Then he would give 10% of his wealth to the Mormon Church so Lordie would overlook his blackmail and to keep Lordie on his side. Rockefeller pushed one competitor too many. One gas station he drove out of business , the daughter of the ex-owner wrote a book exposing Rockefeller methods which became the best seller turning public opinion against him and the Congress passing the anti-trust bill.
We so often hear his name as a ,metaphor for wealth, and yet we never hear anything about the man himself and his life. So, a very necessary and enlightening video.
I was always taught that he was tough in business and kind in life. He was a good man who put his competitors out of business then hired them. Many of the people he "ruined" were actually making the same or more when they joined his team.
@@w.s8676 we only know all this with 20/20 hindsight but at that time no one would've imagine standard oil to amass the level of success they did. so when you get approached by John D or his managers nad htey wanted to buy you out anyone would've been skeptical.
1:30 - Chapter 1 - Early life & career 6:40 - Chapter 2 - Black gold 9:15 - Chapter 3 - The battle of the railroads 11:50 - Chapter 4 - Public outcry 14:30 - Chapter 5 - Personal life 16:25 - Chapter 6 - Retirement , Philanthropy & Legacy
The 300 to 400 billion dollars are adjusted to 2018 figures. His actual wealth was approximately 1.3 to 1.4 billion dollars at a time when the US GDP was 24 billion dollars.
I assumed they meant 2018 money. They should have mentioned that a few times, just to avoid ambiguity. :)
5 лет назад
They say J.Paul Getty was the world's FIRST actual billionaire in the 1960s, when the truth is Andrew Carnegie became that in 1902 when he bought U.S steel from J.P. Morgan. Carnegie became thee richest man in the world, because Morgan had been & had just sold his stake to him.
@ i believe it is the other way around. JP Morgan bought it from Carnegie and created a trust out of it. When Carnegie owned it it wasn't a trust but JP Morgan made it one when he bought it and he made the name U.S. Steel.
@@LukeIamYourFather94 2 billion USD? $100,000 in 1860 in equal to slightly over $3 million in 2019. He was worth $1.4 billion at his death in 1937 (at which time the nation GDP was $92 billion) and that would convert to $245 billion in 2019. In 1917 at his peak wealth (before his monopoly was broken down) he was worth approximately $409 billion in 2019 money.
@@DoomFinger511 you the biggest nerd ive ever seen you took the time to do all these equations just to tell us he had more money then we will ever touch
He didn't do it for you. He did the video for the one armed bucktoothed ex Norwegian fisherwoman he is strangely in love with. And that woman has Rockefeller posters all over her wall. So he thought it was a good idea to capture her heart to make this video. And what a great video it is.
I remember when I first read about him when I was 15-16. He kind of showed me that truly anything was possible and that I could build for myself a good life. To make that kind of money didn't become a goal of mine, but to aim high and live well was and is. I'm 24 now, 25 in a few months and I am well on my way to living the life I always wanted. Thanks John D. Rockefeller for inspiring that young boy with nothing back in those years :)
It's worthy to note that Standard Oil had a quality advantage. They had quality standards before they were in vogue, making the product significantly safer to use (making fires and explosions less likely). Not just a name; most historians tend to focus on the price competition while ignoring the quality feature.
And from what I know that’s where Rockefeller came up with the name of Standard Oil of Ohio since he wanted to set the American standard in the industry
Really happy to watch this Bio on John.D.Rockefeller, any chance of doing a Bio on Cornelius Vanderbilt, Thomas.A.Scott & Andrew Carnegie, JP Morgan, Alexander.J.Cassatt ?
I live in Freeport Illinois, and was thrilled to hear you mention that in this program. I'm now going to look through the cemeteries to fine his dad's grave. That's so exciting to learn more history in my own backyard.
You could try doing a biography dedicated to Talleyrand, a great and influential french politician during the 1789 revolution, Napoleon's Empire and the Restoration !
@MegaProjectpat Morgan was a trust-fund baby that inherited his fathers millions, and then used that to catapult him into the levels of wealth of Rockefeller and Carnegie, and even then he still didn't surpass either of them. Morgan should never be counted alongside Rockefeller or Carnegie as they both started from nothing, whereas Morgan was handed the modern-day equivalent of $20 million dollars to chase his dreams once his father passed away. Like seriously, anybody with $20M of seed money can do what he did.
@@KevinJohnson-cv2no "anybody with $20M of seed money can do what he did." lol...I enjoyed hearing that, cheered me up on this Monday morning. Morgans greatest accomplishments had nothing to do with his Wealth. I do agree he Isn't the same as John D and Andrew.
rockerfeller plaza and the rockerfeller building are absolutely fascinating pieces of architecture. the quality of the finishing and fixtures makes it look like it was built recently. the design of the time, an almost post-art deco, is fascinating to observe today.
Can i suggest Sydney Kidman. Most Americans would not know of him. But has also a great story to tell. I believe at one stage he was the biggest land owner in the world. Owning around 11 cattle stations in Australia. All of them dwarfing the largest American ranches. A big man who started out as a nickle and dime type.
This is a great video I really love your presentation style. As a revolver lover I would love to see you do something on Samuel Colt or Elmer Keith (who helped make the 44 magnum). Anyways keep up the good work.
I like how the government created a law to slow down Rockafeller, he got around it and then they were just like "meh". Even to this day the exact same thing happens.
Lol I'm sure the Rockefeller descendants aren't crying themselves to sleep. "A man on youtube said were nothing compared to this Cornwa-- (page for mr Rockefeller Jr. "Hello sire sorry for the interruption, your private jet is here with the new Bugatti and golden shark tank) "K thank you mary..what were we talking about?"
Also Sr. essentially bankrolled the founding of the University of Chicago, which I think is worth mentioning, and otherwise was so obsessive about the validity and necessity for inquiries to donations that he hired Frederick Gates to, on a full time basis, manage all of his philantrophy. It's likely that Sr. would have never thought to build Rockefeller Center as he was so practical-minded, and definitely would not have put his name on it. Jr. put the name on it because he felt it would help with the reputation of the name after all of the controversery.
Please show some love for computer scientists! I would love it if you could do: Linus Torvalds, Ken Thomson, Dennis Ritchie, Richard Stallman, Alan Turing, Bjarne Stroustrup, Tim Berners-Lee, Grace Hopper, Larry Page, Sergey Brin, Edsger W. Dijkstra
Rockefeller set the "Standard". He made a lot of technological progress possible and yet the way he did it is basically indefensible. The man is the definition of "contradiction".
Please do Lauri Törni (Larry Thorne) He was a career soldier and rose to the rank of captain and fought against the communists in three different country armies (Finnish, German waffen SS and USA) He's a legend and lived a very interesting life and would make a good biographic video. Thanks. Keep up the good work! :)
10:35 - I hate to sound fussy, bit the locomotive you showed at the aforementioned timestamp wasn't built in 1877. That's the one-off Pennsylvania Railroad S2. This experimental gas turbine engine was built in 1944 and scrapped only 8 years later in 1952. As I say, I apologise for being a fussy purist.
I really don't care how much you hate him, you have to admit he was a clever man. Not everyone was able to have a monopoly over a whole country _and_ find a loophole to keep this control.
Hey Simon, this was pretty interesting. Hadn't expected to be taken with John D. Rockefeller's bio, but you've done it again. Here's a list of suggestions of my own. William Blake Wat Tyler John Ball Tony Benn George Galloway Harry Leslie Smith Martin McGuinness The Rev Ian Paisley & Gerrard Winstanley
Please do one on Rowland Hussey Macy- the founder of Macy's/Federated Department Stores. I'm interested in Macy's origin since its one of my favorite stores...
6:39 BS, the US is one of the largest oil producers in the world. UK, Norway, Canada, Mexico, Venezuela are all oil rich nations. The middle east is oil rich as well, but it's by far not the only game in town.
Dude. He's a presenter. He has like 5 channels with a few million subscribers each. He has a massive team to get him these facts, and a teleprompter behind the camera. A good public speaker does not a history professor make.
@@secretbaguette Ngl, Im doing a project on Rockefeller and I'm not a historian, but I feel like there are facts wrong in this video. Examples includethe dates of Rockefeller death and when the Rockefeller Center was complete.
Rockefeller was quoted as saying that "a man should spend half his life making money and the other half giving it away". He by no means died a pauper but it's a good quote.
He was a devout Baptist and chose to never drink alcohol in his life. He is a cousin of mine. All I got was his work ethic and drive to succeed in his own path.
LizzyMarieTina wow! On which side? Rockefeller or Davison, Or other? LoveJDR. Love his self discipline. The world should be eternally grateful, had he been an evil man, with such great wealth, he could have caused absolute destruction. I went to see his home “Kycuit” so modest for a man of his wealth.
I still love to put on a playlist and go to sleep to your voice, but I would appreciate more Biographics about women. You've done only a few and there are so many notable women. I'm looking down the side for autoplay looking to add and there are zero women and that's how it's been for many screens. More women please!
Another great video about the life of John Rockefeller, but there are a couple of incorrect points. For example, alcohol replaced whale oil a couple of decades before the time indicated in the video above. Kerosene then replaced alcohol after very high taxes were levied on alcohol production to help fund the Civil War.
The man was a good to his wife and children despite the Father he had. He gave large sums of money to charitable causes including building an all black female school (when black/female causes were not fashionable). However ruthless he was in business he was clearly a Great Man. I did see on another video he wouldn't have electricity in his home as it was in direct competition with Kerosene (oil) lamps.
I've just seen a university lecture that said he financed Eugenics in USA and they believed blacks ,Italians and Mexicans were inferior and to be iradicated.
He got the $4000 loan from his own father, and not because his name was popular around the city. His business and holdings were valued at $450,000 - his business didn't earn that much. Did you do any research before this video? Which sources did you use?
I wonder if it would help you get a high end business job faster, all else being equal between you and another guys resume? I would say yes as a hiring manager. That on a business card alone, would make potential investors interested.
Never been a better event of a wish granted, thanks for being efficient in your craft. The Bio of J.D Rockefeller Sr without a doubt indispensable for your work.
Please do Shaka Zulu or some interesting figures from South Africa. Like Paul Krüger or Jan van Reibeeck who was the first European who founded South Africa. That would be great. Thanx 💕 Absolutely love you shows.
Consider Jamsetji Tata, he's an iconic historical Indian entrepreneur during British India and his company is now one of the largest in India. However, you'll have to do thorough old-school research through books and news articles if that interests you. It's a challenge, if you're up for it.
Rockefeller and his descendants were nice people. One of his grandsons- former Vice President Nelson Rockefeller- died the year I was born (1979). He was a progressive Republican which I can relate to vs a conservative Republican.
My great great great grandfathers family kept a journal of their life in America after they immigrated in 1897. They worked for standard oil, they got employment immediately from them, and they said life was great, eventually they struck oil in the garden of their backyard and sold it and made their own business, apparently according to them Rockefeller was “A man of great intellect and tasteful character.”
