10 January 1870
The 40 years following the American Civil War are often seen as the era of the 'robber barons'. These businessmen exploited new technologies (such as rail transport), evolving corporate structures and ruthless methods to build national business empires. The most controversial was John Rockefeller, founder of the Standard Oil Company.
From a single oil refinery in 1863, Rockefeller built his assets in partnership with other oil producers. The turning [...]
Want to read this article now?
Already a MoneyWeek subscriber? Please log in below.
Not a subscriber? Sign-up now for a 4 week FREE trial to get instant access.