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John D Rockefeller is an example of someone who started out to be very poor but was worth millions of dollars by the end of his life He was born on July 8 1839 in Richford New York but spent part of his early life in Cleveland Ohio His father William Avery Rockefeller has been characterized as a con man or peddler He would pretend to be someone he wasnt and then charge people for giving advice As a child John grew up in this odd environment without much of a relationship with his father He was a very responsible young man worked very hard to make money and had good business sense For example had a plan where he would buy penny candies from a wholesale business and then sell off the candy at double the price to the kids in the neighborhood He was intelligent and very good at accounting He kept track of the money he earned by using a ledger which is what professional accountants use He later did start his business life by working as an accountant Because John grew up without any basic guidance from his father he became very self-reliant in the ways of doing business which proved to make him very successful John used his fortune to try to repair the damage to his familys name by giving to many charities It is said that when he traveled to New York he would give out dimes to the children in the streets It proved to be a good way to improve his familys reputation especially the reputation his father had left behind John D Rockefeller went into the oil business as a young man 23 years old in a group of people that included his brother William Eventually their firm changed its name to the Standard Oil Company of Ohio in 1870 In a clever move Rockefeller learned about every aspect of the oil business from the
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