G-LMQ2RKRSX7 2. John D. Rockfeller: Owning an Industry - Prestigious Minds

Episode 2

full
Published on:

5th May 2022

2. John D. Rockfeller: Owning an Industry

[00:00] - Intro

[00:45] - Standard Oil Trust

[06:00] - Transportation & Logistics

[19:10] - Give us a 5-star Review!

[20:00] - Rockefeller and his business practices

[25:15] - Competition and Anti-trust lingers

[32:00] - Contrast Amazon with Standard Oil

[36:00] - Final discussion and takeaways

[41:00] - Post-roll

*Identify a need and streamline the logistics

*Betterment of an industry as a whole through consolidation has draw backs

*Start with something you understand and can perfect, then invest in new markets can yeild success

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Next time Rob and I discuss the business workings of Standard Oil and the looming Anti-trust suit that eventually led to the break up of the world's largest company at the time.

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About the Podcast

Prestigious Minds
A history of successful entrepreneurs
For the amateur history buffs or the curious thinkers, Prestigious Minds is a long form podcast that explores the life and times of some of history’s most influential people. Inventors, business moguls, and entrepreneurs alike, these individuals have all had a lasting impact on our nation’s history. It’s time to take a look at how they shaped history for the better.

New episodes are released one Tuesday each month at 6:30 am EST. If you enjoy the podcast we would appreciate it if you would go leave us a review on Apple Podcasts.
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