Post on 19-Dec-2015
transcript
By:
Steve Bonk
Rockefeller Video
How Did They Get Rich?Rockefeller and Rothschild
The Brothers
• John D Rockefeller and William Rockefeller
• Born in Richford, NY
• William Avery Rockefeller and Eliza Davison
• Moved to Cleveland
The Beginning
Early Start• Went into produce commission• Partner: Maurice B. Clark• Very successful, made $4,000• Wanted to continue partnership
Oil Business • Started their own oil refinery with the $4,000
• Owned by him, Clark, and Clarks brothers
• Called Andrews, Clark & Company
Going Solo
• John paid for Civil War fighters • Keep business going• Bought out Clark brothers for $72,500• “the day that determined my career”
Monopoly?
• Bought out all competitors• Ran others out of business• Cutting prices• Controlling all entry barriers (pipelines, oil
terminals, Cooperage plants)
Fortune
• John D. Rockefeller made the world’s largest private fortune in the oil business
• Founded Standard Oil• Largest oil refinery in the world• Broken up by Supreme Court in 1911
Globalization
• Railroads being built• Trading• Took advantage of oil-needed economy
Division
• 10,000 shares:John- 2,667William- 1,333• Hired a lot of new employees• Made sure he remained largest shareholder
Family Trusts
• 1934 - 5 sons and daughter• Consisted of oil company stocks and real
estate• 1952- grandchildren• When they die, the trusts divide into new
ones for their kids• $110 billion
Unknown Riches
• “trust form”• Oliver Payne, Charles Pratt, Henry Flagler, John
D. Archbold, William G. Warden, Jabez Bostwick, and Benjamin Brewster
• John and his son donated over $1 billion in their lifetimes
• Spent most on philanthropy• Medicine, education, scientific research
DONATIONS
Foundations
• Rockefeller Research laboratories Building• The Rockefeller Center• The Rockefeller University• The Rockefeller Chapel• The Rockefeller Hall
• Mayer Amschel Rothschild – born in ghettos of Frankfurt
• Established a finance house• Became a very popular banker
Rothschild Family
Strategy
• Sent his five sons to different cities in Europe• Nationalized banking• Nathan sent to England with 20,000 Euros• Amschel, Salomon, Calmann, and Jakob sent
elsewhere
Nathan
• Families riches started during the Napoleonic Wars (1813-1815)
• In charge of financing the British War effort• Handled shipments to the Duke of
Wellington’s army• $ off commission• 4 other brothers helped Transport gold across Europe
The Favorite Son
• Nathan started N.M. Rothschild and Sons in 1811
• 1825- had enough money to give some to the Bank of England to avoid a crisis
Globalization
• Banking business paid for to be built in Europe• Countries could trade with each other
• Branch closed down in 1901 because there was no male heir
• Reopened in 1989
Conspiracy Theories
• Both families linked to the illuminati• Illuminati – groups/organizations who try to
control world affairs• • • The End