John D. Rockefeller was called a robber baron because many people believed he used unethical business practices to amass his extraordinary wealth. The term "robber baron" was coined in the 19th century to describe a group of industrialists who were creating enormous personal fortunes. The first known use of the term occurred in 1878, according to the Merriam Webster dictionary.Know More
Among the various men who were commonly referred to as robber barons during the second half of the 19th century, John D. Rockefeller was the most prominent. He created the largest company and most profitable company in the United States at the time. This was the Standard Oil Company, which dominated the oil industry for decades.
Rockefeller used questionable tactics to establish Standard Oil's dominance in the industry. One of the most controversial was his practice of demanding rebates from railroads. Because Standard Oil shipped such large amounts of oil by rail, Rockefeller demanded that the railroads offer him rebates, which in essence is a discounted rate. This policy gave Standard Oil a competitive advantage over other oil companies. Rockefeller's competitor's considered this practice and others he perpetrated to be unfair, which led to the him being described as a robber baron.Learn more about US History
John D. Rockefeller was able to monopolize the oil industry in the 19th century by buying out smaller companies and working with the railroad companies to put his competitors at a disadvantage. At one point, Rockefeller controlled 90 percent of the United States oil industry.Full Answer >
John D. Rockefeller was important due to his role in the creation of the oil trade monopoly called Standard Oil Company. He was highly successful and became the first American billionaire.Full Answer >
John D. Rockefeller always treated his employees with fairness and generosity. He believed in paying his employees fairly for their hard work and often handed out bonuses on top of their regular salaries.Full Answer >
John D. Rockefeller was known for treating his workers fairly. He had a reputation for joining his laborers in the field, and he was quick to compliment and slow to rebuke them. He wanted his workers to feel like part of the "Standard Oil Family," and he wanted every worker to be invested in the company's success. As a result, his workers respected him and worked hard.Full Answer >