Rich Families Of Long Island Sound In The 1920's

755 words - 4 pages

In the 1920’s if you were wealthy and had a good reputation and everyone knew of you, you had made it. There were many popular rich families in Long Island sound during the 1920’s, but Andrew Carnegie and John D. Rockefeller may be two of the biggest names of that time, and they did not acquire that title very easily. Carnegie and Rockefeller did many things to help this nation advance majorly through Carnegie's steel industry and Rockefeller’s oil refinery’s.

John Davison Rockefeller had a struggling life growing up, and that wouldn’t let him stop from achieving great things in life. Rockefeller was born in Richford, New York. When he was a boy his father was rarely at home because his father actually worked in the circus and he stole money from his family, so his family was poor most of his childhood. So Rockefeller took the responsibility of making the family's income. Oil became a huge industry and people from everywhere began to collect it, but Rockefeller saw something no one else did, he thought to refine it because crude oil was useless. In 1862 Rockefeller and several partners bought a refinery in Cleveland, Ohio. He wanted to expand it so he did and called it Standard Oil and it was soon the biggest oil refinery in the country. His main product he produced was kerosene, and it lit virtually every home. Rockefeller soon bought out many firms and Standard Oil became an enormous company. At the age of fifty-eight Rockefeller retired and began to give away huge amounts of his money. Maybe one of his biggest accomplishments was the Rockefeller foundation.

The Rockefeller Foundation was made to help out the povertized world and all the people in it. 1921- The foundation plans to go around the globe and are willing to spend 25 million to put up new schools. Some schools are in London, Madrid, Toronto and many other areas. 1923- A nurse program begins at Yale for 5 million dollars. And Rockefeller is asked about what he will look back on about his career by Frederick T. Gates. 1924- Foundation secretary Edwin R. Embree suggests a new arena for the foundation. 1925- The foundation commissions a "Health Boat" to float around the rivers in Thailand as a floating...

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