Chapter 1812 Legend
In short, the Morgan family developed step by step from insurance, gold, steel, and railways. Now the more well-known **** is the Morgan bank only part of the Morgan family, and the one more legendary than the Morgan family is the Rockefeller family. This family is very similar to the Morgan family, but it is different because the founder of the Rockefeller family, John D. Rockefeller is the first billionaire on earth, and the Rockefeller family is more legendary. There is an old Chinese saying that "wealth is not rich for three generations", but the Rockefeller family has developed to the sixth generation and is still at its peak.
It is almost impossible to completely avoid the influence of this family in the United States today. It is no exaggeration to say that the development history of the Rockefeller family in the past 150 years is an accurate microcosm of the entire American history, and has become an outstanding representative of the American national spirit, affecting people around the world. Someone once estimated that if the old Rockefeller lived to this day, his wealth would be 10% more than the total assets of the top ten richest people in the world. What is the concept? We in China describe a person who is rich, very rich, and so rich that he cannot be rich anymore. I will use one word to describe it. Rich is comparable to a country, and this old man
The son is, the top ten richest people calculated on the entire earth, that is, the top ten richest people on the earth. If this old man John D. Rockefeller survived until now, he would have fought alone because he would have more than 10% more! Adding the eleventh is barely enough, and adding the twelfth can be said to be a sure thing for this old man. The money of the top ten richest people is really rich, and this old man is still rich. Think about it! Unlike the Morgan family, this old man is a way to accumulate wealth over multiple generations, but this one
The old man built a country with one hand. Many people know Rockefeller and know what the Rockefeller family does. The rise of the Rockefeller family was born through energy, that is, oil that became the blood of industry in modern industry. At that time, there was not only a gold rush, but also an oil craze. When the United States discovered oil mines, it suddenly caused a lot of controversy. The old man decided to enter the oil industry to try it, but he did not go in blindly. Instead, he waited carefully for the price of oil to fall. If the oil fell, then there would not be so many people snatching the oil mines, and the oil craze slowly cooled down.
I have to admire this old man, why do you say that? This old man waited for nearly 3 years in order to wait for the opportunity. Who would have waited so long now? But this old man did it. While waiting, the old man was also making money and saving the first amount of money, so the classic American entrepreneurial story appeared. The old man opened an oil refinery with his friend, because this friend was a person working in a British refinery in the UK at that time. The old man’s friend could also be said to be a partner. He used a new method to extract oil and the oil products were better. Their products began to sell hot products.
For a while, the old man felt that the time was enough, so he discussed with his friend to expand production, but the friend was a little hesitant, so the two parted ways. When expanding the company, the old man also realized the importance of funds and came into contact with Wall Street. Then, under the command of the old man, his refinery continued to acquire other companies, and at the same time pioneered the method used by many companies when acquiring, that is, part of cash and part of the company's stock. In this way, the company quickly expanded. At the same time, he was a pioneer in understanding the value of mergers. In the merger company,
At the same time, Rockefeller also recruited a group of capable people, in his own words: "The value is far more than all the companies that were merged." Because the bosses of these companies that were favored by this old man were not mediocre. By the end of 1879, Standard Company had controlled 90% of the refining industry in the United States. By 1880, 95% of the oil produced in the United States was refined by Standard Oil Company. Since the history of the United States, no company has dominated the market so completely. It was at this time that Rockefeller's lawyer Dodd proposed the concept of "trust" as a monopoly organization. In Dodd's
Under the guidance of Trust theory, Rockefeller merged more than 40 manufacturers, monopolizing 80% of the national refining industry and 90% of the oil pipe business. In 1886, Standard Oil Company established a natural gas trust. Standard Oil Company was finally named Mobil Oil Company. Trust quickly spread across the United States, and in a short time, this form of monopoly organization accounted for 90% of the US economy. Rockefeller successfully created a unique era in American history. You should know that because a person established laws in many countries around the world, there were few times.
This old man is one, and is also the first person on earth who can be said to be an oil tycoon. After accumulating wealth in the first half of his life, the old man began to do charity. After that, John D. Rockefeller, Jr., focused more on charity than his father. In the third generation of Lawrence Rockefeller, this old man was not inferior to his grandfather. He was the father of modern venture capital. Moreover, the famous New York Exchange was originally from the Rockefeller family! Although it has been merged many times now, the Rockefeller family still retains a lot of strength in it. There is also the Museum of Modern Art in New York, which was built by the Rockefeller family. In other countries, there is almost no such thing. The DuPont family also said before that it started with gunpowder. Then it has come step by step to this day. Well, accidentally,
After getting off the ground, Jin Minghao shook hands with Colin Morgan with a smile. "I'm very happy to know you Mr. Kim." The girl next to Colin Morgan smiled and stretched out her hand and looked at Jin Minghao. "Hello, beautiful lady." Jin Minghao shook hands with this girl with a smile. "My name is Cosell Rockefeller." The girl said with a smile. "Rockefeller John Rockefeller is my goal in the business world!" Jin Minghao let go of her hand with a smile.
. "Didn't you sit there now?" Kosel looked at Jin Minghao and said with a smile. "Different, the old man worked hard alone back then, but I just took advantage of some loopholes, plus the help of my family, so I jumped on the road to pursuing the old man. It was far worse than me." Jin Minghao said with a smile, Kosel. L Rockefeller nodded with a smile.
Chapter completed!