Cleveland Massacre: The Rise of Standard Oil

John D. Rockefeller (1870's)

In winter of 1871, a collusion was form between the railroads and the oil industry. As the two began to execute their devious plan to corner the railroad and oil industry under the name of South Improvement Company, the public, especially the press, protested against the monopolistic intentions of the group. As a result, the South Improvement Company disappeared with the winter. However, when spring bloom in 1872, so as a new powerful company also appeared, a bigger and stronger company of the oil mogul John Rockefeller, Standard Oil.

South Improvement Company: Start of a Monopoly

Thomas Scott (Left) and John Rockefeller (Right)

John D. Rockefeller was known as the man who monopolized the American oil industry for some decade. He dominated 90% of the North American oil trade. He beat down his competitors with predatory efficiency and ruthlessness. Rockefeller earned strong opposition and criticism. Finally, in 1911, his most cherished business, the Standard Oil, was found guilty of being a monopoly and break up into several companies, which some became powerful oil companies. The story of the creation of the monopoly of Standard Oil began in 1870’s as a collusion of interests and advantages under the name of South Improvement Company.

John D. Rockefeller: Robber Baron, Oilman, Billionaire

John D. Rockefeller

Oil is one of the most treasured and valuable commodity in the world. Many countries, especially China, want to get a hold of it. Most of the oil reserve is owned by great billion-dollar companies such as Chevron, Mobil, and Exxon. But during the 1800’s, the advent of the black gold, a company was formed that became the root of the mentioned companies and from a man that is known as the richest person ever.