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The soaring demand for it he was convinced would make him rich.
John d rockefeller first oil refinery. By 1882 he had a near monopoly of the oil business in the. Within two years it was the largest refinery in the area and thereafter rockefeller devoted himself exclusively to the oil business. Rockefeller built his first oil refinery near cleveland and in 1870 incorporated the standard oil company. In 1871 standard oil a few other large refineries and major railroads secretly joined together in a holding company called the south improvement company sic.
Rockefeller and his partners in the standard oil company were rich men but they strove for even greater success. In 1862 the two partners joined with samuel andrews to establish an oil refining company. Rockefeller 1839 1937 founder of the standard oil company became one of the world s wealthiest men and a major philanthropist. Born into modest circumstances in upstate new york he.
The men purchased oil wells in titusville pennsylvania and constructed a well near cleveland ohio. In 1865 rockefeller bought out clark s interest in the company creating rockefeller andrews oil company. Called it would bring a brilliant glow into american homes. Sensing the commercial potential of the expanding oil production in western pennsylvania in the early 1860s he built his first oil refinery near cleveland in 1863.
Rockefeller built his refinery right beside it.
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