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