Date: 10 April 2007
From: Top Notch112
HISTORY CHANNEL THE ROCKEFELLERS PART 2 OF 9 John Davison Rockefeller, Sr. July 8, 1839 May 23, 1937 was an American industrialist and philanthropist. Rockefeller revolutionized the oil industry and defined the structure of modern philanthropy. Rockefeller had always believed since he was a child that his purpose in life was to make as much money as possible, and then use it wisely to improve the lot of mankind. In 1870, Rockefeller founded the Standard Oil Company and ran it until he retired in the late 1890s. He kept his stock and as gasoline grew in importance, his wealth soared and he became the world's richest man and first billionaire. Standard Oil was convicted in Federal Court of monopolistic practices and broken up in 1911. Rockefeller spent the last forty years of his life in retirement. His fortune was used to create the modern systematic approach of targeted philanthropy with foundations that had a major impact on medicine, education, and scientific research. His foundations pioneered the dev...
 
Tags: revolutionized, philanthropist, philanthropic, industrialist, rockefellers, philanthropy, monopolistic, rockefeller, billionaire, foundations, importance, industrial, scientific, systematic, retirement, structure, manhattan, convicted, pioneered, education
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