How Rockefeller Became the Richest American Ever

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John D. Rockefeller reached the wealth of kings without using a sword or ruling a nation. He was a private citizen who through his own conviction and ruthlessness created an empire we'll never see again. How did he build it?
Music by: / holfix
Twitter: / althistoryhub

[@knowledgehusk]

Rockefeller's wealth makes Bill Gates's wealth look like the bank account of a women's studies major.

[@TheOfficialMrFrogShow]

KnowledgeHub I'm the first dislike, deal with it lol...

[@Sh0cKwavE__]

dang. well played cody

[@Meme-rh3bz]

KnowledgeHub Have haters Oooohhhhhhh

[@borseman4092]

KnowledgeHub Something wrong with your mouth u sound weird in the video

[@sethskinner1897]

KnowledgeHub OHHH... SHOTS FIIIREDD!

[@theweirdo7571]

In capitalist America, bank robs you.

[@youngcitybandit]

Kim Jong-un correct

[@t.x.762]

Relax Ryan, it's just a joke.

[@morecopemorerope4372]

The Weirdo in communist Russia government robs you.

[@docslastname2711]

Kim Jong-un why did you kill your brother.

[@slyrooster1241]

I commend this venture, DEUS VULT!

[@leronbenari226]

*hears oil *america sweats nervously *iraq sweats more nervously

[@danhatman3538]

Havent i seen you before? Oh yeah on that cheeki breeki russian carrier video

[@leronbenari226]

Danhatman da comrade

[@davidndiulor8428]

You win the Internet for this week.

[@asdasd-be5ww]

Before the invasion of Iraq, the oil drilled there was used to fuel one of the largest militaries in the world. Which was controlled by a dictatorship and was, at multiple occations, used to invade other countries and conduct genocide. It is now drilled by private companies, compeeting in the free market, and the tax revenue is used to fund its democratically elected government.

[@vladimarputin4539]

nebod bnu tuld HAHAHAHAHAAHHA

[@MogofWar]

"Generally, the wealthiest people in history were conquerors and kings..." Dude, J.D. Rockefeller WAS a conqueror.

[@gordondina5605]

Wait a minute....

[@gabbyfeministshow7509]

Hold on...

[@PatriotMapper]

A conqueror of other oil companies

[@MogofWar]

Shifting capital assets to dominate the capital assets of others in order to gain real estate, then converting the dismantled power structure of the vanquished factions into pieces of ones own power structure. No it was EXACTLY THE SAME THING... Just by different means.

[@MogofWar]

@Supadupa Swaggascoopa Given that the majority of territorial conquests were intrapolitical, such as tribes within the same nation or empire taking over smaller tribes, or Nobles taking down other nobles, usually with in the same kingdom... Given that corporate takeovers were indeed taking lands from communities on just as large as scale as most cases of kingdoms outright conquering other kingdoms. Given people's communities and livelihoods being upended definitely had a huge fucking impact on their identity, perhaps a much larger impact than keeping the same nationality but having a change of government did. Your appeal to the little guy on these grounds rings VERY FUCKING HOLLOW; especially, when you consider that corporations taking over lands got to perform MANY OF THE SAME ATROCITIES as occupying armies would only they could do it to "their own countrymen" and not be accused of war crimes and still often manage to work a few rapes into the process. "Oh no one's forcing you to sell. They're just discontinuing all local utilites and shuttering every local business that's necessary to actually sustain life in your area." Hey in the case of a foreign conquest, after they're raping and pillaging you at least got a shot rebuilding an reorganizing your community most of the time. In corporate takeover your whole fucking county can get spread to the 4 winds and the subsequent poverty and suicide rates make a good old fashoined sacking and enslaving look downright merciful by comparison. Don't fucking kid yourself. What companies do to communities on a semi-regular basis actually ticks overs half the boxes on the U.N. definition of things that are considered genocide. And if you honestly don't grasp that corporations are fundamentally reshaping nations and cultures, basically causing people to rewrite their identities on fundamental levels, then you *really don't understand a DAMNED THING about what's been going on right in plain fucking sight since the dawn of civilization.* Nah! Just go ahead and stew in your moral superiority if you want.

[@Isaac.Rochester]

Now that's one rich Feller.

[@scraggyboi]

Isaac Rochester welcome to hell

[@epicmaster527]

You mean Rockefeller

[@johndoe45678]

Well played.

[@ajaguarbthechef1420]

He must be stoned

[@steamrangercomputing]

Its spelt Fella.

[@clankerspanker8905]

Rockefeller wasn't the richest. Scrooge McDuck was.

[@jaojao1768]

Autistic Dolphin true

[@theshadowcyberman3358]

Autistic Dolphin Actually, according to Forbes, Santa Claus is. He's listed as having a literal infinite amount of wealth.

[@theshadowcyberman3358]

shao fen Kao Ah, hello, fellow North Korean!

[@facelessman9224]

The world's first trillionaire

[@NotCreativeEngh]

Also wrong it was John Carnegie

[@satsunada]

I feel it is worth noting the companies that can say they were a part of Standard Oil at the time of breakup: Exxon-Mobil, Pennzoil, Chevron, Texaco, a very large portion of BP, Marathon Petroleum, and sections of Shell and Unilever. Yep, it was that damn big.

[@jinjunliu2401]

shell and unilever? what?

[@mattschade1745]

wasn't shell started by the Dutch and British?

[@Funkiy]

@@mattschade1745 No the Dutch not the british

[@semthijssen]

shell is a dutch company. unilever is a dutch british company. so no

[@RongSpelingz]

Its an Anglo-Dutch company

[@Ambition69]

My grandpa ran a oil company out of Tulsa and we have letters between him and Rockefeller. My grandpa was very wealthy back in the day but sadly lost everything because of bad investments over time and a bad marriage.

[@robertbelyea5767]

RealRecognizeRealMusic what did Snr say? Sell or else?

[@MegaWarTime]

RealRecognizeRealMusic well JD's great grandfather is a direct bloodline to myself, the name Rockefeller carrying all the way to my great grandmother

[@thegrandnecroposter6782]

RealRecognizeRealMusic Look on the brightside if he didn't have a bad marriage you wouldn't be alive

[@namingisdifficult408]

RealRecognizeRealMusic interesting

[@rowobr9743]

bs

[@kingjonstarkgeryan8573]

Really werid how so many of the comments call him a Jew when he was actually a Baptist.

[@Anti-CommunistCommunitarian]

King Jon Starkgeryan Stop lying you Jew! (Sarcasm)

[@timmyturner6055]

King Jon Starkgeryan the Rothschild's are Jew's

[@Fortzon]

Yeah this comment section is cancer filled with stormfronters.

[@freshdiscordrep.6279]

King Jon Starkgeryan said*

[@JonatasAdoM]

+The Unknown So by having jewish blood you'll automatically act differently from everyone else? There's a word for those who think like this.

[@WhisperingEntity]

So teddy was all like : "What's Up Bitcheeees!"

[@manfredvoncoolstuff6071]

Yes, that is exactly what happened.

[@peardude8979]

WhisperingEntity He kept his rhymes pure, like his food and drugs.

[@cpMetis]

#TedBestPres Teddy was the best republican to ever hold the office of president (yes, I put him above Lincoln). What did he stand for? > Breaking apart trusts and strengthening gov oversight and regulation on business. > The preservation of natural parks, and betterment of the environment. > Standing up to big oil & friends. Truly the best of the republicans! Thank god we have a republican president now. He even stands for- ... *Teddy screams silently from beyond*

[@ganaraminukshuk0]

If you look at 5:45 really hard, Roosevelt looks like the trollface.

[@ferbthe2gadgetguy]

WhisperingEntity i keep my rhymes pure like my food and drugs

[@uniquelyqualified3676]

Instead of buying wood,he buys hes own Forest LOL

[@JoeSmith-wf3rq]

Justice Team - Minecraft Catching Hackers it's spelled his dumbass

[@Crosshill]

so what, joe smith, so what

[@mahadomar7039]

And instead of buying forest he buys a country and instead of buying a country he buys the whole planet

[@nekolu]

Watch when I do the same thing, all the trees burn down

[@imperatorcaesardivifiliusa2158]

If anybody wanted to know, I, Augustus, am worth 4.6 TRILLION dollars! (Inflation adjusted)

[@aaronhanson7241]

Imperator Caesar Divi Filius Augustus Et tu, Brute!

[@dukes7855]

What a legend!

[@spencerbush1474]

You dead tho

[@MrZZ-py4pq]

Imperator Caesar Divi Filius Augustus bring Roman empire back

[@stephenmiller9009]

Ferguson101 literally even 30% .. lol.. but the debt is an illusion.. theyre blowing money, and like this vid said they make more money for less costs , less taxes, wonder why the economy is fucked.

[@stellaflowers301]

When the government makes a law because you own too much of their money, you know you’ve made it

[@rohansampat1995]

when your Corporation. There are no laws restricting peronal wealth, as long as you pay taxes

[@baph0met]

Government doesn't have any money to their name, they steal all of it

[@anthonymort5202]

It amazes me that people think that government is the enemy and not the rich corporations that run the government behind the shadows

[@mario712145]

So basically he was a legitimate business man who became too rich for the public and government's liking so they decided to make the Sherman Anti-Trust fund Act to bring him down. It broke up his company into 90 smaller ones but that only served to make him more rich. *slow clap*

[@dumbdeep3036]

Everyone wins????

[@sk8paradoxity]

yeah, because we all now know. Investment marketing is the most efficient way to get rich. Why own one company, have all the stress of running it and potential fail. When you can own a fuck ton of stocks from many different companies, never have to worry to much since you can just sell the stock when needed?

[@almightykd291]

Logan Boyette right 😏

[@ccaw5785]

Learn a bit about what makes monopolies a drain on our economy.

[@maxm3633]

you just summed up the problem with capitalism... thanks. one persone just doing what is smart... what hes supposed to do... basically collapsing the system to a point where the state has no other option but to break him down to ensure a democracy does not turn into an oligarchy.... btw. obviously that plan failed. otherwise you would not have to be a billionaire to run for president.

[@nwilliams6076]

When in doubt! Buy a forest?...

[@aveeeno8140]

Is it me or does he have a slight lisp during this? Not that it changes everything, at all, his voice is as soothing as always.

[@aaronhanson7241]

Aveeeno Maybe very, very slightly. I sometimes find that I also sound like I have a lisp when I talk too fast or lazy and I don't really care

[@CutoutClips]

Yeah I noticed it too. I wonder what was up, maybe he just had some kind of dentist appointment

[@joaohenrique03]

I've noticed he's had a slight lisp in all of his most recent videos. I think it has something to do with his mic.

[@samoria7530]

I noticed it too, I think it might have something to do with his mic

[@RSmeep13]

i hope he's ok; once I noticed it it bugged me too much to pay attention to the video

[@adamsandlerbirthedmeinapit4853]

Ahhh I had almost forgotten about pre cocaine Tyler

[@ifirmlydislikeeverything412]

This is his brother Cody (alternatehistoryhub)

[@keelwakamar]

@@ifirmlydislikeeverything412 tyler writes the scripts

[@TheNinjaDC]

Rockefeller/Standard Oil: Now that our Monopoly is complete, and politicians bribed, no one can stop us now!!! Teddy: Is that an impossible challenge you say? Rockefeller/Standard Oil: NO TEDDY NO!!

[@MogofWar]

TheNinjaDC Proof that monopolies are bad for business in the long run, breaking it up made the owner even richer.

[@benjaminan1183]

Mog of War True

[@anarch1984]

Roc: Now that our Monopoly is complete, and everyone can now have oil as cheap as dust, no one can stop us! Ted: How could you benefit the poor by ruining the richest's man's alive??!!! Roc: No, no, let me help the poor. End. < CORRECTED

[@SmileFIN]

Don't think Rockefeller minded, as it was said in the video, that made him even richer than before

[@malamindulo]

Rockefeller: Hello, 88% of the market share? Roosevelt: Monopoly machine broke. Rockefeller: Understandable, I'll divide in 90 companies.

[@gavincake2667]

The comments of this video are: 10% Nice, genuine comments 30% Random things 60% People are saying he sounds weird.

[@Thunder-nj7ju]

I was enjoying the video, but the moment I heard the lisp it's all I could hear, it was very distracting.

[@jr-wn9yf]

Thunder Lisp? I don't hear it at all. Weird.

[@michealyoutube4911]

Thunder dang it I can hear it now.

[@connorcriss]

what about the other 60%?

[@downthelead4386]

Andrew W century is 100 years, decade is 10 years and millennium is 1000 years. cent=100,deca=10 and mille=1000

[@oliverfritsch8323]

"single wack with his big stick" hah. clever. I'm glad I got that.

[@paul_particularlyunhappynut]

i don't

[@romanticdonkey468]

“Speak softly, and carry a big stick”. This is a Teddy Roosevelt quote in his approach to foreign policy.

[@sirtintly390]

if Cody replies to this I will drink water and post it.

[@Lvl22Cowboy]

Mr. McMeme DELIVAR PSSY

[@sirtintly390]

KnowledgeHub OK I'll do it

[@sirtintly390]

KnowledgeHub I did it

[@natenixon227]

Mr. McMeme ecks dee

[@joaohenrique03]

make this top comment

[@WOSArchives]

I hope you eventually also cover the breakup of AT&T, as the story of the Bell System is oddly similar, and in my opinion, just as interesting. Not just being the only other company breakup of the size and scope of Standard Oil, but also because of its technological innovations that people are still debating if they could've still occurred without Ma Bell.

[@BangMaster96]

I don't think Rockefeller was evil, he was just a great business man who had a monopoly in business you either win or you lose

[@sirnale7805]

When you play the game of capitalism, you either win or you die...

[@communisttrash8590]

Damn guess Rockefeller’s boots taste good

[@khrashingphantom9632]

Sunny shah Unless you live in the U.S. Instead of losing you get bailed out to lose again and again...

[@neVeseos]

"I don't think he was evil, he just did evil shit" -you

[@prot07ype87]

*[Picture of a man with a very large nose rubbing his hands together smiling]*

[@fduranthesee]

Yesssssssss.. Excellent....*Mr.Burns intensifies*

[@josephorlando7108]

Mr. Burns: "I love this video Smitters, Rockefeller was my biggest inspiration."

[@ThexXxXxOLOxXxXx]

Igor from the persona series?

[@ZylethXenocian]

ThexXxXxOLOxXxXx WELCOOOME TO THE VELVET ROOOOOM...

[@ThexXxXxOLOxXxXx]

ZylethX3N0 lol exacly xD

[@docslastname2711]

By being a greedy Jew.

[@docslastname2711]

Seek IV Veracity Shut up fake news.

[@docslastname2711]

Seek IV Veracity jokes on you my name is Sam so I cant be a anti-semite.

[@artoismta]

Khadar Knowledge quit mate, just leave them alone

[@docslastname2711]

Seek IV Veracity Never forget the millions of other people who died.

[@gtarater1000]

Khadar Knowledge Why dude?

[@infinityandabove1782]

I want to be richest person to ever live by asteroid mining

[@froggie365]

infinity and above nice idea!

[@jakesmith8438]

INERT Unless you control how much you spill into the market.

[@dzonatangavert1408]

IF he dumps it on the market.

[@sorg3ns]

@INERT still don't see the problem

[@riot2136]

INERT making a huge assumption that he’ll do that

[@hoarsuh8173]

hey cody just wanted to say ur dank af dude

[@knowledgehusk]

thanks. you're pretty dank too

[@hoarsuh8173]

thank u for giving me all this knowledge as well its really useful :)

[@Wakean]

Hoars Isn't being dank great?

[@hoarsuh8173]

its excellent

[@hoarsuh8173]

i didnt ever heard of a dank meme ya like jazz?

[@Nick-ws3vv]

Lmao where are all these "Jew" comments coming from? He was a Baptist Christian.

[@guppyfilms1633]

RingWraith75 Where are all these "Baptist" comments coming from? He was a Buddhist.

[@katsumii5941]

Where are all these "capitalist " comments coming from? He was a Communist.

[@pavelstrelchuk216]

Where are all these "Communist " comments coming from? He was a Satanist.

[@Sixsince-dd2eu]

Nick Burnett Lmao where are all these "Satanist" comments coming from? He was an exorcist.

[@bhpurerange1]

I'm breaking the chain >communist >satanist >exorcist he was a jew.

[@tailbonetailbone9380]

Rockefeller Foundation financed my college in its founding years, the50s. I study inthe middle of friggin' nowhere in Brazil! That means that Rockefeller left his foundation so rich that they even funded a school of medicine in a city that had

[@FloridaManMatty]

3:05: Henry FLAGLER. He almost single handedly built my hometown of St. Augustine, Florida. Thanks to his part in the Florida East Coast Railroad, St. Augustine went from being quaint drinking village with a fishing problem into a winter haven for the most wealthy and elite in America. The entire downtown skyline is made up of buildings he erected in the late 1800s.

[@andrew.l9783]

Hey I remember going to st Augustine like a year ago and I remember seeing the college that was named after him

[@nonkey74]

“erected” 😂😂😂😂😂🤣🤣🤣🤣🤣😂😂😂🥲🥲😅😅😅😅😂😂😂😂😂😂😂😂😂🤣🤣🤣😨🤔🤔🤔🤔🤔🫣🫣🫣😢😢😢😩😩😩😭😭😭😭😭😭😭😭😭😭😭😭😭😭😭

[@Bhatt_Hole]

@@nonkey74 Remember back when words like that were so funny to us? I can. But barely.

[@maiesic]

*1273 DOWN TO ROCKEFELLER STREET*

[@dylanstone7202]

I had to scroll down real far to find one of these...

[@PervertHeart]

Getting people to lose their jobs and live in poverty while at the same time keeping them slightly comfortable with your "philanthropic" donations is kind of a monopoly on it's own.

[@buggydclown7724]

no, he destroyed competition by lowering his prices, emwigh benefitted nearly everyone expect the competition, he probably hired more people than anybody else and he also is the pne that gave ford the gas wich ford needed for his cars to build america

[@mastershadowreaper]

it's kinda ✡✡✡ what they're knows fir 😂😂😂

[@Funkiy]

@@mastershadowreaper What does Judaism have to do with it

[@nicobruin8618]

Mansa musa's wealth is heavily disputed, whilst some might cite him as the richest person to ever live, it is probable that his wealth is somewhat overestimated. Augustus's wealth comes mainly from the fact that he technically personally owned Egypt. but to cite Egypt's entire economy at the time as his personal wealth is not reasonable imho. Crassus I think has a better claim to being the richest Roman ever, a his wealth was owned by him directly. Also Jakob Fugger deserves a mention, as he may also have been richer then Rockefeller.

[@safahmed_]

What about Pablo Escobar?

[@ryanflynn8550]

Pablo Escobar was only worth around $30,000,000,000 (USD)

[@KManAbout]

only lol

[@cntfoolmebuddy]

Nico Bruin Mansa Musa, not even close.

[@razatiger22]

Mansa Musa was not heavily disputed. He had the most pure kind of money that couldn't me faked. He had gold which is the original currency and he had so much of it that he tanked the entire italian economy when he went their to spend it. he rode with hundreds of horses that carried his gold and a militia from various countries to protect him.

[@paleamigo8575]

Perception is always wrong. Until you can see something from the other individual's perspective along with "all" of the information that goes with it, you should never judge. Great video!

[@TheDjpwn3]

"What else would you do with all that money?" *Stares at Jeff Bezos*

[@MatiasMishel96]

Rockefellers, nice people, they caused a war in my country because they wanted the oil (that doesn't exist) and forced Bolivia to invade Paraguay.

[@svscrib8922]

Matias Villagra and paraguay lost all of its men and fathers of children were replaced by europeans and they lost a huge hunk of land.

[@louis5368]

Who are they? Your peoples brains?

[@kylehankins5988]

That sounds a bit like a conspiracy.

[@DZETube]

They control the world.

[@buggydclown7724]

any evidence for that? i would be surprised

[@ansm3391]

there are always 2 categories: Richest man ever Richest man in 'Murica

[@deepdive1338]

this system is also known as vertical integration where one company for example a car company controls all production, like making every part themselves, and reassembling every part themselves. it is the opposite of outsourcing where instead a car company owning part production and assembling, they would but the parts and assemble them, or make the parts and sell it to be assembled.

[@poisonpotato1]

Uhh Scrooge mcduck was the richest ever

[@jaojao1768]

Thatguy Man "I made it on the seas, and in the mines, and in the cattle wars of the old frontier! I made it by being tougher than the toughies, and sharper than the sharpies, and I made it square!"

[@serenawilliamslovesbigwhit5029]

Wasn’t Scrooge McDuck based off of Andrew Carnegie?

[@MrGusthebus123]

You should do a segment on how the working population lived in poverty and dive deep into the hardships they had to endure during the Gilded Age

[@CommanderWiggins]

My Great-Grandfather was raised by the Rockefellers. His father was a carriage driver for the Rockefellers, and lived on their land. (For better context, my Great-Grandfather was the youngest of three, and their mother had died of TB.) One day they came home to find their house had burnt down. The two older boys were able to help their dad work and stay in whatever temporary housing they had, I'm not sure where. But my Great-Grandfather was too young and had no where to go. So John D. Rockefeller's wife, Laura, took my Great-Grandfather in and cared for him. He was raised alongside John D. Rockefeller Jr for several years, apparently the two were like brothers. No one is exactly sure what happened afterwards, those details were lost to time. My Grandma has told me this story many times, it's very cool to me. I'm surprised about the amount of history my mother's side of the family has in Ohio, we've been here since the early 1800's and haven't really left. Meanwhile my dad's side just kinda plopped here one day.

[@docslastname2711]

Greedy Greedy Jew

[@youngcitybandit]

Little Fucker he will not you little bitch

[@cloakedsniper5016]

He was a Baptist. Idiot

[@mathgasm8484]

He was actually a Baptist.

[@dogestranding5047]

Khadar Knowledge Commie

[@mickeyg7219]

There's no evidence that Rockefeller is of Jewish descent, he's of English and German ancestries. He's gentile.

[@jacksiegfried5830]

It's interesting coming back to this video after just finishing covering this topic in my school, we also studied other people who managed to get stupidly rich due to the current laisse faire government (government not messing w/ buissiness' affairs) those were Cornelius Vanderbilt, and Andrew Carnegie.

[@oldssaccount990]

The first oil pump in America was in Titusville, PA, and it's still there(probably not pumping anymore), and I can still find remains of super old pumps all over the state. I live in Butler and almost every field has one in it:)

[@smacpats6379]

*The richest american ever* Jeff Bezos: “hold my beer”

[@MaxFung]

He was worth almost twice as much as besos

[@shi2rplays344]

@@MaxFung That can soon change

[@Bobert27]

@@shi2rplays344 still waiting

[@dincoox1862]

@@MaxFung Elon Musk: $340B

[@jackp.richardson6415]

John D. Rockefeller is now my hero after watching this

[@LemonsRage]

That is like the perfect movie material. I imagine a movie with the tone of "the great gatsby"

[@justinharris3630]

When you think about it, Rockefeller became rich by smart moves and his own wit. He worked hard to get from poor to rich.

[@quadruple_negative]

2017: Insightful video about the life of an influential businessman from the past. 2020: MY GODDAM APPLE TV REMOTE SUCKS!

[@eatonkuntz]

SponsorBlock cuts the video perfectly so the script goes: "This video has been... Adjusted for modern inflation." Lol

[@christophersalinas2722]

You scrolling down the comments your my man My handy man

[@terminator1199]

You gotta admit though, he was a smart son of a bitch to buy everything that would cost him tons of money to ship it.

[@danielmccully706]

The funny thing is the Sherman Anti-trust act actually (for a while) gave more power to guys like Rockefeller. A trust is specifically a group that controls multiple "companies" to create non-competition. The problem is it wasn't so obvious what is and what isn't considered a trust since you can argue anything that isn't exactly 100% of the market isn't one. The great thing about Sherman is it didn't say this only applied for large corporations, so they went after other groups the were creating non-competition... like worker's unions. Since unions were pretty much non-competition organizations (at least in the corporation's eyes) they went after and, they being less experienced in legal matters like such, were easily beaten in court by Rockefeller.

[@123chargeit]

Prices for Kerosene were 58 cent a gallon in 1865 when Standard Oils was minuscule 20 years later they were 8 cents a gallon. Evil? I wish oil companies today were that evil. My point is Monopolies are only Monopolies if they can provide a good or service cheaper then any one else. That is unless the gov't restricts competition through rules and regulations.

[@chriskramer1323]

123chargeit you don't understand a monopoly. When they lower the prices they bankrup or buyout competetion. When the competetion is gone the prices skyrock and the service is gettinh poorer since they dont have to compete. If a competitor comes again they Will buyout or bankrup Them and raise the prices again, in the end nobody Will even bother trying to compete and the monopolist Can charge whatever they want without fearing consequenses, this is especially true if Their product is essential for society

[@123chargeit]

And yet it didn't. Kerosene did not increase for decades (which was caused by inflation). The same thing happened in Steel with Andrew Carnegie. Your acting like other people are not greedy themselves and will not compete with someone because of "fear" of being bought out or forced out. There is always someone that will enter a field when they feel they can make a profit in it. Hell people become drug dealers after other drug dealers literally gun there competition down in the street. Your concerns are theoretical and not backed up by history. I understand a monopoly better then you it would seem.

[@123chargeit]

Look in your own lifetime at PCs. I can remember a time when almost every computer in the world ran Windows and only a few could afford a computer of any kind. Now we all have a computer in our pockets that runs an OS (Android) created by a company that wasn't even around when I was in High School (just turned 30). Competition will always knock monopolies down when they get top heavy.

[@MrElectricVibration]

Just because a price drops for the consumer does not mean any and all actions to get that price to drop are excusable. Modern day example : Invading Iraq caused the oil price to drop as well .. does killing so many innocents justify the price drop ?

[@TheUltimoSniper]

The technological advancements that "lower prices" are at best byproducts of monopolization. They're in fact usually what causes monopolization as the business that utilizes the superior tech will destroy the competition before said competition can access that same tech. Rockefeller was a monopolist that didn't even rely on advanced tech. as his production costs were practically the same as other oil producers at the time. It was the unfair practices like control of the rail and pipe transports, control of media, bribery of legislators, and undermining of competitor staff that made him successful. He would cut prices in the regions where his competitors were supplying while maintaining significantly higher prices where competitors weren't a threat. Entering the market under these conditions caused consistent bankruptcy. Monopolies are characterized by market control and making the most profit out of all available suppliers. This is most often accomplished by minimal pay towards labor, but there are other unjust methods as evidenced by Rockefeller. (and it's debatable whether or not Rockefeller payed his workers "fair wages", as unbiased primary sources are seemingly nonexistent.) Your ideas are dredged in baseless heroification and a non-understanding of economics.

[@Tominos]

does he have a listhp

[@natesmith7096]

Nope, just this video

[@mafiaseargent]

Are Cody and Tyler brothers? They have very similar voices.

[@kyauio]

Bill Gates: Hold my b-be... ah fuck.

[@Bloated_Tony_Danza]

"Let the good work go on. We must ever remember we are refining oil for the poor man and he must have it cheap and good." -John D Rockefeller

[@thetayz72]

I like your objectivity, not casting him as definitely evil or good. Like most people, he did good things and bad things, not just one or the other. Conveniently, everyone judging has never wielded his financial power, so if you're the type to consider him evil, how well do you know yourself to say that you'd never be worse in his situation?

[@richardroberson2564]

The richest man in 600 years came from a extremely poor family, now tell me capitalism does not work.

[@NotCreativeEngh]

For one of the cost of thousands. Wow are u that stupid or do u really believe in what u say?

[@myusernameissoobnoxiouslyl9407]

Went well for Rockefeller at the expense of everyone else. Wouldn't be capitalism without the billionaires getting everything and the public getting shafted.

[@svscrib8922]

My username is so obnoxiously long and there is absolutely nothing you can do about the matter Rich people dont steal from the poor; they simply make better financial decisions and invest in advantagous and consensual business deals. In fact, as stated, Rockerfeller sold oil for cheap anyways. Capitalism is fine.

[@myusernameissoobnoxiouslyl9407]

Not everyone is going to have the opportunity to become a billionaire and have these business deals. People act like anyone can become a billionaire because of capitalism but that really isn't the case. There can only be so much room in the market and Rockefeller filled a spot. A great big spot.

[@svscrib8922]

My username is so obnoxiously long and there is absolutely nothing you can do about the matter not everyone needs to be a billionaire. Yes, not many insanely beneficial offers come around often, but everyone in america has the opportunity to live at least middle class. If you graduate highschool, get a job, and not have kids until you are financially stable, you are almost guaranteed to secure yourself and your family a better life. Everyones starting opportunity is equal, the outcomes arent.

[@flux202]

He was a business man, doing business.

[@remingtonbianchi9866]

I can’t believe this video is 2 years old. How time flies

[@s1mple_minded]

President Rockefeller

[@baron_von_brunk]

John D. Rockefeller is my buddy to the max. He is my friend to the friendly end. He is a nice friend. I like him fairly well.

[@RS-em1qt]

The Rockerfeller's are one of the most evil families ever to have exist. This Family effectively enslaved YOU, ME and everyone on the planet to their family's "Banking system" . Instead of your Government i.e. the US government creating money and issuing it out to the people, a Private Bank was given the "sole right" to print the Country's money... these "Banks" issue a dollar to you or me and expect $1.10 back for every one dollar note that we use. This effectively keeps everyone enslaved to these people or "indebted" to them FOREVER!! These banks such as the Federal Reserve Bank is run by the Rockerfeller's, the Rothschild's, the Morgan's and several others. BUT PLEASE PEOPLE, KEEP IDOLIZING THESE RICH FAMILIES FOR EFFECTIVELY ENSLAVING US ALL AND I HAVEN'T EVEN GOTTEN IN TO THE COUNTLESS ATROCITIES WORLD-WIDE THAT THESE PEOPLE ARE RESPONSIBLE FOR. Ignorance isn't going to make the World a better place, but by all means please go ahead and bury your head back in the sand.

[@johnrockefeller6893]

Nice video dude

[@ericveneto1593]

DEFINITELY do a video on Carnegie!

[@Ginger_FoxxVT]

I HATE JAMES DEAN I HATE JAMES DEAN I HATE JAMES DEAN

[@pygmalioninvenus6057]

Billionaires view charity as an investment into public image.

[@mattyice1151]

Davie Donna They be giving away like 2-3 million when in reality that's like me donating a dollar

[@christianknickerbocker604]

Ok, are you suggesting Rockefeller was worried about his image at age 16. Over the course of his life he gave away over half of everything he made, that's not public relations.

[@emersonmacintosh7673]

@@christianknickerbocker604 That's exactly what it is. The more you have, the greedier everyone thinks you are and the more you have to give to be seen as generous because when the layman sees you give away a hundred million dollars they think "must be nice", they don't think "what a nice guy".

[@darius_2117]

You’re so deep

[@rileyrose5166]

@@christianknickerbocker604 Well remember that "half of everything he made", while a crazy amount, didn't really amount to two much. Like, if you're a billionaire and lose half that money, you still have 500 million dollars.

[@99batran]

Sad how society now a days thinks being rich automatically means you are "evil". Ironically, pretty much anyone prefers to also be rich if they have a chance

[@a_Lemming]

What's the lisp about? You okay?

[@horriblewafflez608]

Rockefeller was not the richest American ever, J.P. Morgan was. J.P. Morgan also bailed the economy from depressions multiple times with his own money and his son almost saved the US from the Great Depression with their vast wealth.

[@Consoneer]

here the source that ive found: bfy.tw/AtYk

[@DyLeN17]

Horriblewafflez Jews. All of them.

[@salt_factory7566]

dude, the banks caused the depression. And then they get bailouts. Fuck capitalism, it centralizes and then it collapses. And the "center left" like FDR keeps rebuilding it when it really needs to be destroyed entirely.

[@salt_factory7566]

@Teringventje communism? China? You must not had heard of revisionism. It's a term to when a former socialist nation reverts to capitalism in one way or another. Like with Gorbachev in the Soviet Union or in China. And recently Cuba. It's usually a change in leadership that starts the shift back to capitalism. As around the time Castro died Cuba legalized business again. Meaning Cuba was no longer socialist. Also, what the hell is a "resource based economy" that's what every economy is. If you want some examples of times socialism helped to improve a nation. Research Cuba and Burkina Faso. The life expectancy of Cubans skyrocketed and in Burkina Faso, a once starving nation with French influence turned into one with a surplus of food.

[@salt_factory7566]

every economy is based on resources, what else could it be based on? The economy is how resources are distributed and circulated.

[@zman1064]

0:00 🎶 *maybe we should sell out* 🎶

[@HenryAB]

Gotta love capitalism.

[@emperoralvis6559]

Yes I do. It's the only system where even the "poor" are in the global 1% and have iPhones.

[@MrFLCL713]

i can tell who likes/supports socialism from these comments on this video, who wouldn't wanna be this rich???

[@richardroberson2564]

Emperor Alvis also the poor are only poor because of there own bad decisions

[@chairman_quartz8402]

Richard Roberson there are many factors that can go into a person being poor but that is the main one

[@nb2685]

"While competitors may have been unhappy, Rockefeller's efforts did bring American consumers cheaper kerosene and other oil by-products" Literal quote from Wikipedia ^ The only reason his monopoly was considered bad was that he had more money than the next guy and it didn't "look fair" to the public.

[@Yognaughto]

Last time I was this early Austria-Hungary existed

[@ashutoshgoswami2498]

Well... I can see that everyone is cussing at the Rockefeller. But, what I seriously think is that, this is the guy, who built his whole empire entirely by his wits, and hardwork. What I think, is that whatever that guy did was his own wish after his success., After all he was the champ at those days guys, and we all know that with earnings, comes the evil. So maybe the guy was a little bad when he got rich., But according to the video, I think, he was good at heart. Well, I m neither an American nor a history student or lover, and all my knowledge and above listed views about Rockefeller are based, solely on the video. And one last thing, DONT CUSS ROCKEFELLER, BY BEING JEALOUS OF HIS ENORMOUS WEALTH., WORK YOUR BRAINS OFF, AND OWN HIS SHIT. Anyways, since I know this guy know. This guy is my idol.

[@AnthonyMazzarella]

I still don't think standard oil did anything wrong.

[@xzarga7]

They never did, they propelled our society forward, they were payed to do so. How was this a sin?

[@YoungDen]

It's when your to good at something that it looks like a cheat code. Modern day Titan is Jeff Bezos btw

[@gordonfreeman-g5w]

If it wasn't him it would've been someone else. It's not the individual its the values society instill in people. People value money not just for the sake of security but for the sake of having it. Until you change the values, nothing will change and you'll just have continous battle royale for who has the most zeroes at the end of their bank account.

[@Joel-ii6rv]

If only 1 company has such a power over the business AND the people AND the economy, so much can go wrong and we have to prevent it. Just imagine, it’s not fair for everyone else. Don’t say that they were smarter than everyone else, or worked harder than everyone else, it could be that they had more luck, or they just had the perfect unplanned timing. Now imagine the affect it has on the public, having such a big monopoly means they fully control their prices. If that’s the case then they can make you pay a hell lot for something that shouldn’t be expensive. Also just imagine how easy it could be for such a company to swallow other companies in other domains and keep going until what, they own everything? That’s just insanely bad for everyone except leaders of the business. Plus bribing politicians, when is that good? Never... People want a government to lead the way, they want a structure that has been in place and evolving for already some time, they don’t want a dictator that just got to where he is with business decisions. Politics are not economics

[@vong3484]

@@Joel-ii6rv no it doesn't work like that. Once that Monopoly puts the price higher other Competitors will come as result. So they wouldn't risk it.

[@abandonedchannel72929]

Comments section here: 90%: Conspiracy Theories 9%: Commies 1%: Other

[@connorrily6191]

Socialist here Gotta problem?

[@ruebenllongoria836]

More like .5% other .5% Hitler

[@subutaynoyan5372]

In Turkey, there's a saying 'Too many words can't be spoken without any lies and too much many can't be earned without immoral ways'

[@bongobongo3661]

You've been a pal, but you know what they say: never mix business with friendship.

[@Exachad]

Richest guy as a whole, not just as an American.

[@Exachad]

I mean, in semi-modern times!

[@JosefPiano]

Finally a take on Rockefeller that doesn't paint him as satan nor saint

[@damonstahl7757]

oh no not cheap reliable energy, and saved the whales what ever will we do.

[@chocolatethunderiii4462]

DAMON STAHL not create a monopoly because that’s illegal and corrupt and wrong

[@svscrib8922]

Manny Gonzalez how is that corrupt? He lowered prices for american oil consumers and just made the best and advantageous decisions. Then everyone hated him because they felt bad for the smaller guys whose companies weren't getting off the ground because it was "unfair".

[@BlueFury2577]

*That destroys the Earth

[@humansvd3269]

@@svscrib8922 A person who controls a major proportion of the economic infrastructure and can exert influence on the country. Did you not watch the whole video?

[@jerlstif]

so..."this company has great prices and service, lets only use them". "oh no, now they are a 'monopoly', lets break up this company that's done so great we love buying from them" wait, what?

[@alexturlais8558]

jerlstif "this company has become awful but we can't buy from anyone else. Oops!"

[@Civilized-Joke]

A monopoly no longer has competition and can raise their prices to crippling levels in it's industry. This is EXTREMELY detrimental to the general public especially in an industry involving oil. A resource that the modern world couldn't exist without.

[@TheDavignGuy]

No one: Cody: makes this video Jeff Bezos: *watches video* Dad?

[@politicaloutsider413]

One word: AMAZON

[@Joseph-tm5vv]

I love this video even though I already knew all of this from The Men Who Built America

[@lydiaanderson2870]

@Hello Joseph99, How are you doing?

[@emilfilms]

I can't see why people would hate him lol he's a great legitimate businessman. Granted this video was just a brief overview so Idk if he mistreated his workforce and what not

[@Wambatore]

But still Carny>Rocky

[@rain-yg6lt]

Not richest American, but richest MAN or person. You could reply with Mansa Musa but he didn't work for his money so he was just like a spoilt kid in a rich family.

[@cagneyfan2008]

I'm pretty sure Rockefeller helped establish Colonial Williamsburg, which was always one of my family's favorite vacation destinations so I have that to thank him for

[@ionitaghiran]

1,2,7,3 down in Rockefeller Street

[@Yes-jr3sb]

hello

[@luislimon427]

thelegend 27 omg it's the legend 27

[@mortarpestle.4267]

+Kim Jong-un TheRegend27 is not true Korean.

[@ghillieguy52]

is it me your looking fooooor?

[@0rlandotang0]

i think his "donations" are very well documented as payments to certain groups who support the kind of political actions Rockefeller wanted for his own business benefit

[@frydfish4934]

Rockefeller on a personal level was a pretty chill guy. But he was still the man behind the business. He still controlled that company and he still had a part in the suffering it caused. Damn you capitalism!.... one day Charles.... one day

[@user-km6uo3gi7u]

like the content but get a better mic your lisp is insane

[@chisel4164]

he never had one before

[@danielray5109]

The only people that complained about Standard Oil was it's competitors because they were inefficient and couldn't compete. The customers of standard oil didn't complain.

[@ARULEVICH]

I thought that J.P. Morgan had more money.

[@ARULEVICH]

zh11147 I guess I thought that because Morgan literally bailed out the entire US.

[@ARULEVICH]

Dakota M Maybe, but I definitely think that even though Morgan didn't have as much money as Rockefeller, Morgan had the potential to be richer than Rockefeller due to his ties to the banks. He was the "bankers banker" as to say. The US even needed Morgan's help which is crazy to think about. Morgan also headed a major trust filled with many other main economical figures aka his interlocking directories. He even became rich enough to buy Carnegie's steel business.

[@Senscion]

He was basically the Medici of the gilded age

[@baronofbahlingen9662]

ARULEVICH Morgan was the least wealthy of the robber barons. He was quite paradoxically, the most powerful though.

[@axle1717]

This is exactly how Jeff Bezos started amazon. He kept driving his prices down and was putting book stores out of business and then expanded from there and continues to do it

[@cjxgraphics]

Boy. I’m glad we’ve fixed the monopoly problem. Now instead of one business controlling an industry, we have two to four, or so companies controlling 90%+ of the market. But at least it’s not a monopoly. For instance do you use Android, iPhone, or one of the many other choices available?

[@vasme973]

Now its even more monopoly. Blackrock

[@brayfinnegan8442]

So that's why it's cAlled monopoly