John D. Rockefeller's Oil Industry

John D. Rockefeller an oil tycoon and an investment mogul, he invented a new type of fuel for lamps called kerosene, formed an oil company called Rockefeller and Andrews, and his way of making profits was reinvesting the money he made back to the company. Later, Rockefeller formed a company called Standard Oil, the company quickly successful because he was in a good economic conditions and keeping margins high. He bought out all of his competitors, and he would make improvements, more efficient and profitable. He was a philanthropist in his later life. He donated his money into education, medicine, and the arts. In this way, he changed the public’s view big businesses and their leader.