Burton w folsom jr. John D. Rockefeller and the Oil Industry 2022-10-22

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Burton Folsom

burton w folsom jr

It looks like it was published in 1910. Ambitious in its breadth and depth, Big Tent provides a fresh and surprising treatment of the conservative movement as told by the leaders themselves. May contain limited notes, underlining or highlighting that does affect the text. For example, Standard was rarely hurt by strikes or labor unrest. At about the age of 60, Rockefeller began to wind down his remarkable business career to focus more on philanthropy, his family, and leisure. The book is solidly bound from cover to cover.

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Burton W. Folsom Jr. (Author of New Deal or Raw Deal?)

burton w folsom jr

He lives in Michigan. Dust jacket and book have some bumped corners, light discoloration and shelf wear. In 1885, John D. An inheritance can be transferred; but entrepreneurship, talent, and vision cannot be. Rockefeller was intrigued with the future of the oil industry but was repelled by its past.

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Burton W. Folsom Jr. Quotes (Author of New Deal or Raw Deal?)

burton w folsom jr

But his fellow directors all testified to his genius for sorting out the relevant details and pushing the right decision, even when it was shockingly bold and unpopular. He had to delegate a great deal of responsibility, and he always gave credit—and sometimes large bonuses—for work well done. Buying out competitors was a tricky business. He will be the richest man in the country. Rockefeller displayed none of the tantrums of a Vanderbilt or a Hill, and none of the flamboyance of a Schwab. This is a rare instance of my owning two copies of the same book. Your salary will not cease, however long you decide to remain away from business.

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childhealthpolicy.vumc.org: Burton W. Folsom: books, biography, latest update

burton w folsom jr

After distilling and purifying it, he found that it yielded kerosene—a better illuminant than the popular whale oil. Seeking Solutions to Social and Medical Problems Rockefeller attacked social and medical problems the same way he competed against the Russians—with efficiency and innovation. The author demonstrates that these disadvantages were overcome only through the imaginative and farsighted planning of the Scranton family and their associates. That Rockefeller was a genius is widely admitted. It never occurred to the most ardent Federalist that government should rob Peter to pay Paul for his health care, art work, alternative energy, prescription drugs, hurricane relief, or his notions of regime change in Somalia. God was good to me every day. These ranged from paint and varnish to dozens of lubricating oils to anesthetics.

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Folsom Burton W Jr

burton w folsom jr

You can see the dust jacket in the first few photos. But Rockefeller always sees a little further ahead than any of us—and then he sees around the comer. Dust Jacket Condition: Near Fine. Inscribed by Author s. The content of Imprimis is drawn from speeches delivered at Hillsdale College events. Yale University might ban the tango, but Rockefeller hired an instructor to teach him how to do it.


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Dr. Burton W. Folsom, Senior Fellow in Economic Education

burton w folsom jr

To the governor general of India he said: I may claim for petroleum that it is something of a civilizer, as promoting among the poorest classes of these countries a host of evening occupations, industrial, educational, and recreative, not feasible prior to its introduction; and if it has brought a fair reward to the capital ventured in its development, it has also carried more cheap comfort into more poor homes than almost any discovery of modern times. Working and reading became after-dark activities new to most Americans in the 1870s. Both men searched for uses for the byproducts: they used the gasoline for fuel, some of the tars for paving, and shipped the naphtha to gas plants. For centuries, people had known of the existence of crude oil scattered about America and the world. Your health is more important to you and to us than the business.

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Burton W. Folsom, Jr.

burton w folsom jr

One of his fellow churchmen, Samuel Andrews, was investing in oil refining; and this new frontier appealed to young John. This was one of the remarkable findings of Allan Nevins in his meticulous research on Rockefeller. He joined forces with Andrews in 1865 and would apply his same precision and honesty to the booming oil industry. During the 1930s, Nevins interviewed dozens of people who worked with Rockefeller and knew him intimately. A rise of three cents a gallon would have cost Rockefeller his American markets as well.

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Burton W. Folsom Jr.

burton w folsom jr

Even in recreation, Rockefeller wanted to discipline his actions for the best result. At another level, oil at little more than a nickel a gallon opened new possibilities for people around the world. Congress passed these vague laws to protest rate hikes and monopolies. Farmers thought it a nuisance and tried to plow around it; others bottled it and sold it as medicine. The industrial city of Scranton saw lots of movement down the ladder of social mobility, as well as up.

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