B2 – Upper Intermediate
John D. Rockefeller showed strong ambition from a young age and later became the richest man of his time through the oil industry. After starting in accounting, he built partnerships that led to the creation of Standard Oil, a company that eventually controlled most of the oil business in the United States.
However, his success came with controversy. He was accused of using aggressive and unfair practices to eliminate competition, which led to a legal battle with the U.S. government. Although his company was eventually divided, Rockefeller remained extremely wealthy. Later in life, he turned to philanthropy and founded The Rockefeller Foundation to support education and medical research.
Watch the video to learn more about Rockefeller’s rise to power, the criticism he faced, and the legacy he left behind.
Vocabulary Questions
- What does “monopoly” mean in the sentence, “The company was eliminating competition from the way, with the clear intention of becoming a monopoly”? Use it in a sentence.
- What does “exclusive discount” mean in the sentence,
“He promised illegal exclusive discounts to the railroads”? Use it in a sentence. - What does “legal battle” mean in the sentence, “Years later, the United States Government entered into a legal battle with the businessman”? Use it in a sentence.
Discussion Questions
- Do you think Rockefeller’s ambition justified his business practices? Why or why not?
- Should monopolies be allowed if they create economic growth?
- Can philanthropy change the way society views a controversial business leader? Why do you think this is?
- Why do you think Rockefeller’s reputation remains debated today?
- Do you believe great success often requires aggressive competition? Share your thoughts.