John D. Rockefeller was the world’s first Billionaire and it was his near-monopoly oil business in the USA that necessitated the federal and states governments to create Antitrust laws.
John D. Rockefeller Who Was John D. Rockefeller? American industrialist John D. Rockefeller built his first oil refinery near Cleveland and in 1870 incorporated the Standard Oil Company. By 1882 he had a near-monopoly of the oil business in the United States, but his business practices led to the passing of antitrust laws. Later in […]