From 1886 to 1899, annual profits in Rockefeller’s Standard Oil Company, on...
Citations (1)
- All the Presidents' Bankers: The Hidden Alliances That Drive American Power whole source · open book
From 1886 to 1899, annual profits in Rockefeller’s Standard Oil Company, one of the world’s preeminent industrial companies, tripled from $15 million to $45 million. Such a gush of cash now required a place from which to spawn greater wealth, and the very seeking of such capital catapulted its accumulators to greater levels of influence.
chapter: Introduction: When the President Needed the Bankers