How Rockefeller Crushed the Little Guy and Became the Richest Man in History
Rich Man's Panic
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How Rockefeller Crushed the Little Guy and Became the Richest Man in History
198 просмотров · 9 дн. назад
Rich Man's Panic
198 просмотров · 9 дн. назад
John D. Rockefeller became the richest man in history with Standard Oil. One February morning in 1872, his rivals' freight bills doubled overnight.
So who actually paid for the fortune? And when the government broke up his company in 1911, did it cost him a single penny?
He kept a little book called Ledger A, with every cent that came in and went out. Nobody kept the other book: the refiners outside his railroad deals, the Cleveland sellers, the widow Backus, the drillers, the pipeline customers. In this documentary we keep it, line by line, from his first $50 job to railroad rebates, the Standard Oil trust, Ida Tarbell, Teddy Roosevelt's $29 million fine and the Supreme Court breakup of 1911. Every claim is backed by the original documents on screen, including the parts that cut the other way.
CHAPTERS
00:00 The Morning Their Freight Doubled
01:35 Ledger A: Rockefeller's First $50
04:09 Somebody Else's Bill: Railroad Rebates
07:23 Cash or Stock: The Cleveland Buyout
10:07 Ninety Percent: The Standard Oil Trust
12:14 Adding Up Rockefeller's Book
14:48 "Don't Do It, Ida": Ida Tarbell
17:26 $29 Million: The Fine Nobody Paid
19:31 May 15, 1911: Standard Oil Broken Up
22:40 What's Left of Standard Oil Today
24:46 The Book Nobody Kept
SOURCES
Ida M. Tarbell, The History of the Standard Oil Company (1904), vol. 1 (Internet Archive): https://archive.org/details/historyof...
Tarbell, Appendix 57, oil price tables (transcription): https://pagetutor.com/standard/append...
John D. Rockefeller, Random Reminiscences of Men and Events (1909) (Project Gutenberg): https://gutenberg.org/files/17090/170...
Standard Oil Co. of New Jersey v. United States, 221 U.S. 1 (1911) (Cornell LII): https://www.law.cornell.edu/supremeco...
221 U.S. 1, official U.S. Reports (govinfo): https://www.govinfo.gov/content/pkg/U...
Sherman Anti-Trust Act, 1890 (National Archives): https://www.archives.gov/milestone-do...
Commercial & Financial Chronicle, May 1911 and March 1912, Standard Oil share prices (Internet Archive): https://archive.org/details/commercia...
Emmitsburg Chronicle, May 24, 1907, Bureau of Corporations findings: https://www.emmitsburgchronicles.com/...
South Carolina newspaper, October 16, 1907, p. 2 (Chronicling America): https://historicnewspapers.sc.edu/lcc...
UPI Archives, May 16, 1911, Supreme Court decision: https://www.upi.com/Archives/1911/05/...
NBER Macrohistory, wholesale kerosene prices, New York (FRED): https://fred.stlouisfed.org/data/M041...
Granitz & Klein, "Monopolization by 'Raising Rivals' Costs': The Standard Oil Case," Journal of Law and Economics (1996): https://ideas.repec.org/a/ucp/jlawec/...
American Heritage, "The Gentlewoman and the Robber Baron" (April 1970): https://www.americanheritage.com/gent...
Smithsonian Magazine, "The Woman Who Took on the Tycoon": https://www.smithsonianmag.com/histor...
Rockefeller Archive Center: https://rockarch.org/resources/about-...
Ron Chernow, Titan: The Life of John D. Rockefeller, Sr. (1998), for the 1913 fortune estimate
MeasuringWorth, U.S. GDP: https://www.measuringworth.com/datase...
Minneapolis Fed, Consumer Price Index 1800–: https://www.minneapolisfed.org/about-...
ARCHIVAL MATERIAL
Film: The Evolution of the Oil Industry (U.S. Bureau of Mines, 1942, includes re-enactments), Library of Congress films (Lower Broadway, 1902; New York skyline, 1903; Theodore Roosevelt's return to New York, 1910), Prelinger Archives (The Story of Standard; Wheels of Progress; Today and Yesterday, 1929), all public domain.
Photos and documents: Library of Congress Prints & Photographs and Geography & Map Divisions, Chronicling America, Internet Archive (McClure's Magazine, Tarbell, Random Reminiscences), Wikimedia Commons (public domain).
Money conversions: U.S. Bureau of Labor Statistics CPI-U (September 2026); before 1913, the Minneapolis Fed historical CPI table.
Narration: ElevenLabs synthetic voice. Music: Epidemic Sound.
This video is history, not financial or legal advice.
Did someone in your family work for Standard Oil? Or did you fill up at an Esso, a Sohio, or a Standard station when you were young?
#Rockefeller #StandardOil #GildedAge