John D. Rockefeller
Definition
John D. Rockefeller was an American business magnate and philanthropist who is considered as one of the richest individuals in modern history due to his founding role in Standard Oil Company.
Related terms
Standard Oil Company: An American oil producing company established by John D. Rockefeller which became one of largest oil refiners in the world before being broken up into smaller companies due to antitrust laws.
Monopoly: A situation where a single company or group owns all or nearly all of a given product or service's market because there are no other competitors.
Antitrust Laws: Regulations enacted by governments at various levels to prevent monopolies and promote competition in business.
"John D. Rockefeller" appears in:
Study guides (1)
AP US History - 6.6 The Rise of Industrial Capitalism
Additional resources (1)
AP US History - 6.1 Context of Industrialization and the Gilded Age
Practice Questions (1)
What was one significant impact of John D. Rockefeller’s success in the oil industry during the Gilded Age?
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About Us
About Fiveable
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Privacy Policy
CCPA Privacy Policy
Resources
Cram Mode
AP Score Calculators
Study Guides
Practice Quizzes
Glossary
Cram Events
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Crisis Text Line
Help Center
© 2024 Fiveable Inc. All rights reserved.
AP® and SAT® are trademarks registered by the College Board, which is not affiliated with, and does not endorse this website.