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Standard Oil Company. 29 Shares $100 each. Cleveland 29. April 1878. #169. Issued to William Rockef
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Description
Standard Oil Company. 29 Shares $100 each. Cleveland 29. April 1878. #169. Issued to William Rockefeller and signed by him at the back. Signed by John D. Rockefeller as President and H.M. Flagler as Secretary. Standard Oil Co. Inc. was established as an Ohio corporation in 1870 for producing, transporting, refining, and marketing oil. It was probably the most powerful company in all of history. Never before nor after has one individual company been able to create a worldwide market for oil products and controlling the whole supply chain from the oil wells to the consumer. John D. Rockefeller (1839-1937) was its mastermind, founder, chairman and major shareholder. Standard Oil dominated the oil products market initially through aggressive horizontal integration in the refining sector, then, in later years, through vertical integration. The company was an innovator in the development of the business trust. It streamlined production and logistics, lowered costs, and undercut competitors. Its controversial history as one of the world's earliest and largest multinational corporations ended in 1911, when the United States Supreme Court ruled that Standard Oil was an illegal monopoly. However, its dissolution into 33 'smaller' companies made Rockefeller the richest man in the world. Vignette of State capitol, ornate border, printed by Maverick, Stephan & Co. 176 Fulton NY. Signatures are very clear. EF.
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Standard Oil Company. 29 Shares $100 each. Cleveland 29. April 1878. #169. Issued to William Rockefeller and signed by him at the back. Signed by John D. Rockefeller as President and H.M. Flagler as Secretary. Standard Oil Co. Inc. was established as an Ohio corporation in 1870 for producing, transporting, refining, and marketing oil. It was probably the most powerful company in all of history. Never before nor after has one individual company been able to create a worldwide market for oil products and controlling the whole supply chain from the oil wells to the consumer. John D. Rockefeller (1839-1937) was its mastermind, founder, chairman and major shareholder. Standard Oil dominated the oil products market initially through aggressive horizontal integration in the refining sector, then, in later years, through vertical integration. The company was an innovator in the development of the business trust. It streamlined production and logistics, lowered costs, and undercut competitors. Its controversial history as one of the world's earliest and largest multinational corporations ended in 1911, when the United States Supreme Court ruled that Standard Oil was an illegal monopoly. However, its dissolution into 33 'smaller' companies made Rockefeller the richest man in the world. Vignette of State capitol, ornate border, printed by Maverick, Stephan & Co. 176 Fulton NY. Signatures are very clear. EF.
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