John Davison Rockefeller, a U.S industrialist was the founder of the infamous Standard Oil Company, through which he dominated the U.S oil industry in the late 19th century and early 20th century and created the first major business trust in the United States of America. His business trust made him the world first billionaire .he also created a lot of controversies and opposition because of his business practices and form of organization especially from the US government. Together being a billionaire Rockefeller was one of the first major philanthropists in the U.S establishing several important foundations and donating a total of $540million to charitable purposes.. Rockefeller was born on 8th July 1839 on a farm at Richford, in Tioga County, New York. He was second of the six children of William A. and Eliza (Davison) Rockefeller. The family lived in modest circumstances. The family moved to Owergo, New York and then headed west to Ohio in 1853. The Rockefeller’s bought a house in Strongville , Moravia near Cleveland. John entered Central High School in Cleveland where he rented a room in the city and joined the Erie Street Baptist church; he was very active in its affairs and became a trustee of the church at the age of 21. Rockefeller left high school in 1855 in order to take up a business course at Folsom Mercantile College. After completing the six month course in three months and after looking for a job for six weeks he landed a job as an assistant bookkeeper with Hewitt & Turtle , a small firm of commission merchants and produce shippers .He was not paid his salary for three moths when Hewitt gave him $50 ($3.57a week) and told him that his salary will be increased to $25 a month. A few months later he attained the position of the cashier and bookeeper . In 1859, with $1000 he had saved and another $1000 borrowed from his father at a rate 10% per an...
