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Although Standard Oil was a partnership, Flagler was credited as the brain behind the booming oil refining business. "When John D. Rockefeller was asked if the Standard Oil company was the result of his thinking, he answered, 'No, sir. I wish I had the brains to think of it.
Rockefeller even gave Flagler credit for conceiving of the Standard Oil Trust: “I wish I'd had the brains to think of it.” 21 Close Flagler attributed Standard's rise to a consistent policy of paying low dividends to its stockholders and plowing most of the profits back into expansion of the company—the same strategy of economy and investment that Flagler had employed in his personal career.
Jul 24, 2021 · Flagler and Rockefeller had perfected a money machine, but as he entered his 50s, Henry said: Deal me out, boys. ... I wish I’d had the brains to think of it. It was Henry M. Flagler ...
John D. Rockefeller has the better-known name, but when asked about Standard Oil’s multi-state corporate structure, he said, “I wish I’d had the brains to think of it. It was Henry M. Flagler.” Standard Oil In a classroom think-aloud, discuss how Standard Oil changed American business practices. Business Name Goods Audience Budget Operation
Jan 26, 2022 · In need of capital for his new venture, Rockefeller approached Henry Flagler. Flagler secured $100,000 from his wife’s cousin on the condition that he be made a partner owning 25 percent of the shares in the new company of Rockefeller, Andrews and Flagler. Statue of Henry Flagler at the Dade Court House, 1925. Flagler Street, downtown Miami.
Flagler and John D. Rockefeller had met in Ohio, where both had been grain merchants. Rockefeller lefthis job to start an oil refinery in 1867. In need of capital, Rockefeller approached Flagler, who obtained $100,000 from his brother-in-law, Steven Harkness. In return, Flagler received some 25% of the stock. A partnership, involving Flagler ...
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Dec 18, 2020 · When John D. Rockefeller was asked if the Standard Oil company was the result of his thinking, he answered, “No, sir. I wish I had the brains to think of it. It was Henry M. Flagler.” The story of Standard Oil, John Rockefeller, and his many partners is well-told in dozens of books and other sources.
