Tuesday, May 20, 2008

Batman

In the Summer of 2005 while I was in New York, I saw "Batman Begins", the newly imagined origin story of the popular comic book super hero by director Christopher Nolan.

It was a great story with good production and effects with a great cast especially Christian Bale who dawned the Bat suit.

Something struck me besides the action-fantasy that the movie delivers on, which was conquering our fears. While Bruce Wayne (Batman's alter ego) was a child, he had a fear of bats but when he became older he decided to call himself the very thing that he feared.

When you can face your worst fear head to head, you are tackling your worst challenge, you become indestructible.

Thursday, May 15, 2008

The Impact of John Davison Rockefeller To America

The Impact of
John Davison Rockefeller
To America




0754
HIST 2020
February 5, 2006


John Davison Rockefeller was born on July 8, 1839 in Richford, New York. No wonder he became the richest man in the United States in his time.
John D. Rockefeller, as he is famously known, was an American industrialist who played a very prominent role in the oil industry in his day. He founded Standard Oil of which ExxonMobil is the largest of its descendants. Rockefeller made Standard Oil into the world’s largest company over 40 years. John D. Rockefeller was known as a great philanthropist who gave 10% of his check to the church even from his very first paycheck. Before he died on May 23, 1937, he had given away over one half of his wealth.

His Life
John D. Rockefeller was the second of six children born to Eliza Davison and William Avery Rockefeller. His ancestors came from Germany in the 1720’s. He always had a business spirit even in childhood3. He would buy candies wholesale and sell them to his siblings just to make a profit. His young friends regarded him as being articulate, discreet and methodical. John D. as he always signed his essays in High School was a very religious man. He always believed that God would reward His chosen ones. He would always give as much as he could to the Baptist church he belonged to, the minimum being one-tenth of his income as the Bible requires. John D. finished High School in 1855 and decided to take a business course at Folsom Mercantile College. The course was slated for six months; he finished it in three months.
On September 26, 1855 the 16 year old Rockefeller got his first job as an apprentice bookkeeper at Hewitt & Tuttle where he worked for 50 cents a day, proved to be the diligent, meticulous, honest man that he was; he was the kind of accountant that always noticed everything and never forgot anything. His hard work and faithfulness saw his salary increase and promotion within two years. With time, he felt he was not getting paid well enough for the work he put in and decided to leave to start his own business with a friend, Maurice Clark in 1858. He called the firm Clark & Rockefeller which became very successful within a short period. In 1863, they invested in an oil refinery with a chemist known as Samuel Andrews. Rockefeller’s involvement with the oil business would prove to be one of his best life decisions. In 1867, he was too confident in the growth of the oil industry, that he sold all his share of his business with Maurice Clark and invested into another refinery with new partner Samuel Andrews to form Rockefeller & Andrews (notice how this time, his name came first in the naming of this company). Two years later, he made an acquisition with his brother’s refinery and made a new partnership with Henry Flagler called Rockefeller, Andrews & Flagler.
In 1970, with John D. Rockefeller as president, Standard Oil was born.

Standard Oil
Standard Oil was created in Cleveland, Ohio. His company controlled the entire oil business in America. In fact at one point, the United States Supreme Court ordered Standard Oil to be broken down into thirty-four companies. Today, examples of those companies are known as Exxon, Chevron, Mobil, etc.
At the time, railroad companies faced high competitions among one another which led them to form the South Improvement Company. Rockefeller saw an opportunity here and made deals with the company to reduce cost of transporting his barrels of oil among other things.
Rockefeller succeeded in reducing the cost of producing one gallon of kerosene from five cents to even less than half a cent.

Education

Rockefeller University
John D. Rockefeller founded Rockefeller University which was an institute for biomedical study. It was formerly known as Rockefeller Institute for Medical Research. By the year 2003, Rockefeller University had produced 23 Nobel award laureates, 19 Lasker Awards for Medical and Clinical research, 12 National Medal of Science awards, 30 National Academy of Sciences awards and 10 Gairdner Foundation International Awards.

The University of Chicago
The University of Chicago faced challenges in the 1880’s. John D. Rockefeller was approached by the board to help finance the university. At that time, he always wanted to build a big Baptist university in New York but he agreed to help finance the University of Chicago. The University of Chicago was not an Ivy League School but it measured up with other Ivy League schools like Yale and Harvard.

Philanthropy
A man well known for philanthropy, John D. Rockefeller gave so much of his wealth to his community. He not only gave to education, but also to his Baptist Church. This was largely based on his Baptist religious beliefs.

The Rockefeller foundation began its operations in 1913 and is currently presided over by Judith Rodin who was the former president of The University of Pennsylvania11. The motto of the Rockefeller Foundation is to “promote the well-being of mankind throughout the world.”
The Rockefeller Foundation has been a supporter of public health, medical research, increasing food production, scientific research, social research, and other disciplines all over the world. It is currently located in New York City.

Conclusion
John D. Rockefeller, just like Bill Gates, was the richest man in America and also a great philanthropist. He used his strong religious piety with his relentless and uncanny eye for business to pioneer the industries in oil which would later affect education, the railroad industry, medicine, and impact America even greater in producing oil.


Bibliography
“John D. Rockefeller”.
“Rockefeller Foundation”.
“Rockefeller University”.
Duroy, Quentin. “John Davison Rockefeller”. 1999.
Micheloud, Francois. “John D. Rockefeller & the Standard Oil Company - Strategies of John D. Rockefeller and the Standard Oil Company 1863-1911”.