A project of lifelong interest to him was the creation of a distinguished Baptist university. Rockefeller considered several options before pairing with William Rainey Harper to establish the University of Chicago. Rockefeller insisted that his name not be used anywhere on campus, even rejecting an image of a lamp on the university seal, lest it be taken as a suggestion of the influence of Standard Oil.
At the urging of Frederick T. Gates, perhaps his most trusted philanthropic adviser, Rockefeller became increasingly devoted to medical research. The results were dramatic. Today, known as the Rockefeller University, it is one of the leading biomedical research centers in the world. Twenty-four Nobel Prize winners have served on its faculty. Like many wealthy industrialists of his era, Rockefeller was scandalized by the poverty and deprivation that still afflicted the American South nearly half a century after the conclusion of the Civil War.
He created the General Education Board in , charging it with a ranging mission that included improving rural education for both whites and blacks, modernizing agricultural practices, and improving public health, primarily through efforts to eradicate hookworm, which debilitated many Southerners and dragged down productivity of all sorts.
The General Education Board helped establish hundreds of public high schools throughout the South, promoted institutions of higher education, and supported teacher-training efforts for African Americans. Starting in , the campaign against hookworm was exported globally. It was soon followed by similar efforts against malaria, scarlet fever, tuberculosis, and typhus, all under the auspices of the Rockefeller-funded International Health Commission.
Rockefeller created the first school of public health and hygiene at Johns Hopkins University in , which he then duplicated at Harvard in Rockefeller took a special interest in China, second only to the United States as a destination for his funding , and the China Medical Board he created can be credited with first introducing the country to modern medical practices.
Throughout the first decade of the 20th century, Rockefeller was thinking seriously about founding a perpetual grantmaking foundation. There were those who said that his benevolent trusts served to entrench privileged interests and promote class education. His gifts were denounced as being made with tainted money, an indirect slap at his business methods.
A list of Mr. Rockefeller's organized charities shows that he was chiefly interested in education, scientific research, the Baptist Church and other religious or social organizations. It received up to from Mr. This organization was formed "to promote the well-being of mankind throughout the world.
World-wide in scope, its activities were largely directed to medical research in recent years. The annual report declared it to be devoted to the "advancement of knowledge with research as the chief tool. It does no research of its own. The Laura Spelman Rockefeller Memorial, founded in , concerned itself with public administration of government activities through the clearance of information promotion of experiences among officials and government units the demonstration of innovation and installation of improved administration methods and devices.
In the Spelman Memorial was merged with the foundation and the activities were carried on jointly, with the announcement that its aim was "primarily the advancement of knowledge. The foundation, throughout its existence, has supported the international Health Board, an independent organization engaged in cooperation with government agencies in demonstrations for the control of hookworm disease in fourteen Southern States of this country and in twenty-two foreign countries, of yellow fever in five South and Central American countries and of malaria in ten Southern States in this country.
Robber barons typically employed ethically questionable methods to eliminate their competition and develop a monopoly in their industry. Often, they had little empathy for workers. A Robber Baron is a businessman who obtained wealth through cruel manors.
Henry Ford set great examples for other businessmen with his creation of the assembly line,making the production of industrialized goods faster and easier. The amount was almost twice the rate other car factories paid their workers. Ford believed that increasing the pay would make the workers happier and encourage them to work faster.
Today, we have a new set of robber barons, running digital monopolies and again receiving disproportionate benefits from the disruption brought about by new technology. Begin typing your search term above and press enter to search.
Most sources agree on John D. Direct payments. Roth IRA conversions. Intra-family lending. Irrevocable grantor trusts. Plan and educate heirs. How we can help. After years, Rockefeller family is exiting the oil business. Heirs to the oil fortune created by John D. How much did John D Rockefeller give away? Category: business and finance gasoline prices. By many accounts, he was history's richest self-made man. He was also arguably humanity's most accomplished philanthropist.
How did the Rockefellers become rich?
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