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  • December 2014 (Revised March 2018)
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John D. Rockefeller: The Richest Man in the World

By: Tom Nicholas and Vasiliki Fouka
  • Format:Print
  • | Language:English
  • | Pages:19
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Abstract

By the late nineteenth century scale and managerial hierarchies had extended to several major industrial sectors of the U.S. economy. Although the precise mechanisms often varied, this process mainly involved horizontal integration, some form of legal or administrative centralization followed by vertical integration. Standard Oil represents the canonical example of this development. Standard Oil's history is also fully intertwined with the life and career of John D. Rockefeller (1839-1937), one of the most remarkable individuals to define the landscape of American business. Rockefeller's estimated $1.4 billion net worth in 1937 was equivalent to 1.5% of U.S. GDP. According to this metric he was (and still is) the richest individual in American business and economic history.

Keywords

Horizontal Integration; Wealth; Business History; Vertical Integration; Consolidation; Personal Development and Career; Energy Industry; United States

Citation

Nicholas, Tom, and Vasiliki Fouka. "John D. Rockefeller: The Richest Man in the World." Harvard Business School Case 815-088, December 2014. (Revised March 2018.)
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About The Author

Tom Nicholas

Entrepreneurial Management
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Related Work

    • December 2014 (Revised March 2018)
    • Faculty Research

    John D. Rockefeller: The Richest Man in the World

    By: Tom Nicholas and Vasiliki Fouka
Related Work
  • John D. Rockefeller: The Richest Man in the World By: Tom Nicholas and Vasiliki Fouka
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