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How Rockefeller Became The World's First Billionaire - Daniel Yergin
2 segments available
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The Lighting Merchant: Rockefeller's Early Days
Daniel Yergin discusses John D. Rockefeller's initial foray into the oil industry, emphasizing that he was primarily a lighting merchant. The segment highlights how kerosene was the main product before the rise of electric lighting and how the perception of oil shifted with the advent of gasoline as a valuable commodity in the 20th century.
"people think of John D Rockefeller and standard oil think of gasoline nothing to do with gasoline John D Rockefeller was a lighting Merchant because what they did is that they rolled back the darkness..."
The Lighting Merchant: Rockefeller's Early Days
Daniel Yergin explores John D. Rockefeller's origins as a lighting merchant, emphasizing that his initial success was rooted in kerosene, not gasoline. This segment highlights the early oil industry, where lighting was the primary focus, and contrasts it with the emergence of electric lights and the later demand for gasoline, showcasing the evolution of the oil market.
"people think of John D Rockefeller and standard oil think of gasoline nothing to do with gasoline John D Rockefeller was a lighting Merchant because what they did is that they rolled back the darkness..."