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John D Rockefeller: The first billionaire

Good Bad Billionaire

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The Rise and Fall of Standard Oil

This chapter chronicles the groundbreaking strategies of John D. Rockefeller and his establishment of the first business trust in 1882, revolutionizing corporate structure and control within the oil industry. It examines the journey of Standard Oil from monopoly to scrutiny, highlighting Rockefeller's complex transition from mogul to philanthropist amidst legal and public challenges. The narrative concludes with the landmark 1911 antitrust decision that broke up Standard Oil, raising questions about the true nature of competition in corporate America.

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