John D. Rockefeller Quotes



She was referring to the high percentage of Rockefeller workers who were killed in industrial accidents with little or no management concern for workplace safety. In addition, she accused Rockefeller (and other very rich employers) of paying such low wages that full time workers lived in abject poverty and suffering the short lifespan that went with poverty then (and even today, but less so.)


The Rockefeller Trust was Standard Oil and its many subsidiaries and other related companies. Note the firmness with which the President announced the prosecution of this huge trust. In modern times, Presidents have rarely been so definitive about their intention to prosecute a corporation.


The only previous source of light in America had been whale oil or candles—both very expensive. Oil was discovered in Pennsylvania and refinery techniques developed to produce Kerosene. (Gasoline was too explosive and dangerous for home use.) Everyone’s standard of living depended on Kerosene at the time and John D. Rockefeller controlled the price everywhere except New York. There were no monopoly or antitrust laws when he gobbled up his competitors and he rapidly became the richest man in America and one of the most hated. His abuse of the system at the time led to the government regulation of monopolies and the antitrust laws. It was very courageous for the Atlantic Monthly to publish this article, as Rockefeller’s power extended all over the nation—but less in New York where the magazine was published.


Ford assumed the Presidency upon Nixon’s Watergate resignation. He was the only President in history who had never been elected to national office. When he pardoned Nixon he lost much of his support from the left and the middle. Weakened, he came under the influence of the very conservative wing of the Republican Party who urged him to dump his Vice President Nelson Rockefeller from the Republican ticket in the 1976 election. Rockefeller was a liberal republican who supported abortion rights and civil rights. Rockefeller, realizing that Ford’s nomination was in danger, volunteered to step down. {641394} Ford accepted and regretted his action as soon as he had done it. The result was that Ford lost to a relatively unknown Southern governor, Jimmy Carter. However the Conservative wing of the Republican Party had triumphed and the liberal republicans, who had been the backbone of the Republican Party since its inception did not play a significant role in the party for the next 30 years.