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John D. Rockefeller: A Journey to Success

John D. Rockefeller: A Journey to Success

Assessment

Interactive Video

History, Business

8th - 12th Grade

Practice Problem

Hard

Created by

Aiden Montgomery

FREE Resource

John D. Rockefeller, known for his high expectations and business acumen, saved $50 by age 12 and started his own business by 16. He envisioned a nationwide oil business and founded Standard Oil, which became the largest oil refiner by 1868. His success was driven by efficiency and strategic acquisitions. By 1879, Standard Oil controlled 90% of American oil, but in 1911, it was broken up due to antitrust laws. Rockefeller's wealth reached $1 billion by 1916, and he used it for philanthropy, establishing institutions like the University of Chicago. His legacy endures as a symbol of wealth and philanthropy.

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10 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

At what age did Rockefeller save $50, equivalent to $1500 today?

14

12

16

10

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What was Rockefeller's vision for the oil business?

To expand across the country

To invest in coal

To avoid competition

To focus on local markets

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What was a key factor in Rockefeller's success in the refinery business?

Reducing oil prices

Focusing on marketing

Hiring more employees

Owning all parts of the supply chain

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

By 1879, what percentage of American oil was produced by Standard Oil?

100%

90%

70%

50%

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Why was Standard Oil broken up in 1911?

It merged with another company

It was losing money

It violated antitrust laws

It was a government decision

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What was Rockefeller's net worth in 1916, equivalent to today?

$1 billion

$10 billion

$30 billion

$50 billion

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which university did Rockefeller help establish?

Stanford University

Yale University

Harvard University

University of Chicago

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