John D. Rockefeller, 1839-1937 / The Standard Oil Company

John D. Rockefeller, 1839-1937 / The Standard Oil Company (HMBQB)

Location: Cleveland, OH 44113 Cuyahoga County
Country: United States of America

N 41° 29.767', W 81° 42.053'

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Inscription
John D. Rockefeller, 1839-1937
Born at Richford, New York, John D. Rockefeller moved to the Cleveland area with his family at age 14. He began his business career as a bookkeeper in 1855. From modest beginnings he became one of the richest men of his era by developing the world's largest oil corporation, the Standard Oil Company, which was founded here in the Flats of Cleveland. Rockefeller moved to New York City in 1884 but maintained two homes in Cleveland, returning often with his wife Laura (1839-1915). Although he was a controversial businessman, Rockefeller donated millions of dollars to Cleveland charities and institutions, and land for Rockefeller and Forest Hills parks. John and Laura Rockefeller are interred in Lake View Cemetery.

The Standard Oil Company
Near this site in 1863 (the northwest corner of Main and River streets), John D. Rockefeller ventured into the new oil business with partner Samuel Andrews, refining kerosene for lamplight. Their first refinery, the Excelsior Works, was located about two miles upriver, south of Kingsbury Run. In 1870 Rockefeller, Andrews, and Henry M. Flagler chartered the Standard Oil Company. Technological innovation and aggressive business practices allowed the corporation to both improve a wasteful industry and control the oil market during its early boom years; Standard demanded shipping rebates from railroads and undersold competitors, who were either absorbed into the trust or forced out of business. The nature of these business dealings, common in the late 1800s, prompted the passage of the Sherman Anti-Trust Act of 1890.
Details
HM NumberHMBQB
Series This marker is part of the Ohio: Ohio Historical Society series
Tags
Marker Number38-18
Year Placed2003
Placed ByThe Ohio Bicentennial Commission, the Early Settlers Association of the Western Reserve and the Ohio Historical Society
Marker ConditionNo reports yet
Date Added Sunday, September 21st, 2014 at 1:12am PDT -07:00
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Locationbig map
UTM (WGS84 Datum)17T E 441498 N 4594070
Decimal Degrees41.49611667, -81.70088333
Degrees and Decimal MinutesN 41° 29.767', W 81° 42.053'
Degrees, Minutes and Seconds41° 29' 46.02" N, 81° 42' 3.18" W
Driving DirectionsGoogle Maps
Area Code(s)216, 330, 440
Closest Postal AddressAt or near 1501-1505 Merwin Ave, Cleveland OH 44113, US
Alternative Maps Google Maps, MapQuest, Bing Maps, Yahoo Maps, MSR Maps, OpenCycleMap, MyTopo Maps, OpenStreetMap

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