John Davison Rockefeller (1839-1937) was an American millionaire, founder of Standard Oil in 1870 (which achieved control of 90% of US refineries by 1882).
Short Biography:
The activities of the Standard Oil Trusts led to an outcry against monopolies and the passing of the Sherman Anti-Trust Act of 1890. A lawsuit of 1892 prompted the dissolution of the Trust, only for it to be refounded in 1899 as a holding company.
In 1911, this was also declared illegal by the Supreme Court. He founded the philanthropic Rockefeller Foundation in 1913, to which his son John D. Rockefeller Jr. (1874-1960) devoted his life.
Why is John D. Rockefeller famous?
John D. Rockefeller was an American industrialist and philanthropist.
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