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Podcast: Today In History with The Retrospectors
Episode: How Rockefeller Got Rich
Description: On 10th January, 1870 John D. Rockefeller took his first steps towards becoming the world’s richest ever person by forming his company, Standard Oil.He had arrived in the oil industry at a time of wild instability when oil refining was almost a cottage industry. Rockefeller quickly realised that if he had control over not just the refineries but also the output and distribution of refined oil he could keep prices as high as he liked – a mode of thinking that his critics and rivals declared monopolistic. In this episode, Arion, Rebecca and Olly...