Wednesday, December 25, 2019

The Jilting of Granny Weatherall Analytical Essay - 803 Words

â€Å"The Jilting of Granny Weatherall† Analytical Essay â€Å"The Jilting of Granny Weatherall† is a short story written by Katherine Anne Portier about an elderly woman on her deathbed. Granny Weatherall is a very interesting character and the story describes her last thoughts and memories as she lies there taking her last breaths. Granny Weatherall is perceived as an independent and strong-willed character that has lived a full life. As she lies on her deathbed, she drifts in and out of consciousness and seems to not have a full grasp on reality. As she nears the end of her life, the reader is able to understand her thoughts and feelings, and feels how the elderly woman is struggling with coming to terms with dying. The themes in this†¦show more content†¦Granny was left alone with the priest on her wedding day, and now, on her deathbed, is left alone with the priest again and faces death alone. The third theme is death; in her final hours, Granny is forced to evaluate her life and how she has lived it. Early in the story she seems to be at peace with it, â€Å"she had spent so much time preparing for death there was no need for bringing it up again.† The truth is she is struggling with death. She is too weak to get out of bed, yet denies the fact that she is truly ill. The story ends with her blowing out the light, which leads the reader to understand how her life has come to an end. The final theme of memory is shown as Granny weaves in and out of reality and memories of her past. She seems to find strength from being left at the alter and then finds comfort in the memories of her late husband, John, and her children. The memories of the other man make her a bit uneasy with thoughts that her children would find the letters in the attic. There is one moment that she actually wants to tell her daughter to find George and â€Å"be sure and tell him I forgot him.† The tone of this story seems to portray Granny’s bitt erness, which is seen during a part of her consciousness when she hears her daughter and the doctor whispering, â€Å"Wait, wait, Cornelia,

Monday, December 16, 2019

A Study On The Stanford Prison Experiment Essay - 1503 Words

The Stanford Prison Experiment was a study done involving college students who were placed in a prison simulation and observed in the roles of both guards and prisoners. At the time of the study in 1971, it was a very controversial experiment, most likely due to both the nature of the experiment and the results, including the early dismissal of some of the students. In the following pages, this experiment will be examined from many different angles. The first angle that this paper will look at is taking a closer look at the introduction to the study. In general, the Stanford Prison Experiment was trying to explore the behavior inside of prisons and whether it is innate in people to react the way they do in the environment of the prison, or whether there is some personal quality that causes prisoners or guards to act the way they do behind prison walls. The main goal of the study of a prison simulation seemed to be to provide a basis of evidence for what causes aggressive or submissiv e behavior in the prison environment. In terms of what hypothesis the study was trying to support, it seemed to mainly be trying to either prove or disprove once and for all the dispositional hypothesis which blames the conditions of evil in the prisons on the prisoners, and, on the flip side, blames the evil in the prison on the guards. The people leading the experiment did not seem to take up one stance or another and only seemed to desire to prove or disprove the matter at handShow MoreRelatedA Study On Stanford Prison Experiment Essay838 Words   |  4 Pagesstarted class by stating that we would be learning about the Stanford Prison Experiment. We spent the entire day learning and discussing how this experiment influenced the world today. I was so infatuated with everything there was to learn. From the actual situation they were placed in to how the participants were effected. This experiment is one of the main reasons I fell in love with psychology. b. Relevance: The Stanford Prison Experiment demonstrated the theory that in certain situations peopleRead MoreResearch Study On Stanford Prison Experiment1027 Words   |  5 PagesResearch Design and Method: Name the experiment or research you have chosen: Stanford Prison Experiment Name the researcher/s involved: Phillip Zimbardo When was the experiment conducted? 1970 s What is the Research Problem being studied? (Step One) The research problem being studied is; how does the attitude of the administrate in a prison effect the lives and mindset of the inmates in the prison? that the state of the social institution of prison is due to the ‘nature of the peopleRead MoreThe Tuskegee Syphilis Study And The Stanford Prison Experiment883 Words   |  4 PagesThroughout the history of psychological studies unprincipled violations have constructed ethical standards that are essential in today’s research. These moral dilemmas created established professional and federal standards for performing research with human and animal participants, known as, psychological ethical codes. The Tuskegee syphilis study and the Stanford prison experiment highlighted a psychological study without proper patients’ consent and appropriate treatment, resulting in a researchRead MoreThe Tuskegee Study, Obedience, And The Stanford Prison Experiment1638 Words   |  7 Pageshits us in cases like the Tuskegee study, the obedience to authority study, and the Stanford prison experiment. The Tuskegee study is a prime example of why ethical treatment is necessary. This study took place in 1932 and dealt with African Americans who had contracted Syphilis. They were told they would get free medical exams, free meals, and burial insurance in exchange for participating in the study. The catch was that the people participating in the study who had syphilis were not treatedRead MoreA Critical Review Of Zimbardo s Stanford Prison Experiment And The Bbc Prison Study1510 Words   |  7 PagesA critical review of Zimbardo’s Stanford Prison Experiment and the BBC Prison Study Introduction Tyranny is defined: an unequal social system involving the arbitrary or oppressive use of power by one group over another (Reicher Haslam, 2006). The link made between groups and tyranny has a long history in social psychology being prominent nearly 2,400 years ago with the Greek philosopher Aristotle. Aristotle believed that collective rule leads to moral irresponsibility, haphazardness and isRead MoreThe Stanford Prison Experiment1658 Words   |  7 Pagesimportant issues today. The Stanford Prison Experiment, conducted over 40 years ago, brought these ethical issues into the limelight and remains one of the most controversial studies in the history of studying human behavior. This paper aims to define ethics, describe risk/benefit ratio, provide a brief background on the Stanford Prison Experiment, and evaluate the impact it has had on psychological research. â€Æ' The Stanford Prison Experiment The Stanford Prison Experiment probably tops a lot of listsRead MoreSocial Psychology Experiment : The Stanford Prison Experiment967 Words   |  4 Pagessocial psychology experiment, The Stanford Prison Experiment, many have asked whether or not this experiment can really portray how imprisonment can effect an individual. While some say that this experiment is a great representation of the effects caused due to imprisonment, others argue that the experiment was not realistic enough to say it had real effects. Social psychologists Craig Haney and Philip Zimbardo, also the creators of the Stanford Prison Experiment, state that the experiment stimulated aRead MoreA Report On The Stanford Prison Experiment904 Words   |  4 Pages A Report on the Stanford Prison Experiment of 1971 I. Introduction: This report on the Stanford Prison Experiment will define the ethical issues related to prisoner treatment and prison culture in a mock scenario created 1971. The findings of this study define the inclination towards corruption and riotous behavior within the overarching relationship between guard and the prisoners. In a short period of time,. The prisoners became hostile and sought to start a riot in order to free themselvesRead MoreThe Stanford Prison Experiments1627 Words   |  7 PagesMollie Herrick Professor Ronnfeldt WRC 1013, 0B2 September 26, 2014 The Stanford Prison Experiments The Stanford Prison Experiments, which happened over forty years ago, showed how power, and being powerless, would change and affect a person to do things they wouldn’t normally do. The experiment was started to show what being in the situation of prison would do to a person psychologically. â€Å"I wanted to know who wins -- good people or an evil situation -- when they were brought into direct confrontation†(ZimbardoRead MoreI Chose The Topic Of Prison Psychology With A Focus On1198 Words   |  5 PagesI chose the topic of prison psychology with a focus on the Stanford prison experiment and the psychological effects of systematic abuse. Zimbardo, Philip G. Revisiting the Stanford Prison Experiment: A Lesson in the Power of Situation. The Chronicle of Higher Education, no. 30, 2007. EBSCOhost, ezproxy.uhd.edu/login?url=http://search.ebscohost.com/login.aspx?direct=truedb=edsgbcAN=edsgcl.161992127site=eds-livescope=site. The Stanford Prison Experiment was a study on the psychological effects

Sunday, December 8, 2019

IT Procurement Challenges in the Retail Sector †Free Samples

Question: Discuss about the IT Procurement Challenges in the Retail Sector. Answer: Introduction In the new age of Information Technology, many of the important decisions have an implication of procurement, which could impact the total cost of carrying out the decision. The cost could include the overall cost of the goods or services. In the IT sector, the function of procurement is seen as a strategic function that works to improve the profitability of the organization [2]. Procurement could be helpful in streamline of processes. It can also help in reducing the costs of the raw materials. The function of procurement is greatly concerned regarding obtaining the necessary services and goods from the proper suppliers. This could enable the organization to meet the strategic objectives in an effective, efficient and economic manner, which could influence the success of an organization [3]. Analysis of the Importance of Procurement in the IT Sector Role of Procurement in Supporting the Strategy of Business Procurement plays a major role in approaching the strategy of business. These could be achieved in two ways. Firstly it could be performed by different activities from competitors and by performing the same activities in a better way. Procurement could be supported in a different strategy. It could serve as a distinguishing competence in implementing same strategies in a better way than other competitors [6]. In the recent market, the professional people who are engaged in procurement are highly expected to develop options, which could help their business organization to stay in the competitive market. The proper evaluation of the costs of the transaction is a major issue for the trade purpose and the various decisions in investment. This could be helpful in ensuring the profit and larger volumes of purchases [4]. Structures of the Organization in the Industry Sector The structure of an organization describes the way in which the management and the employees would connect to each other in a particular organization. The IT sector should rely on the strict rules so as to accomplish their goals and objectives. Vertical Structure: The structure has a director or departmental head at the top of the structure. It also has a middle level for the managers who would create plans for the company and some workers who would implement the procedures. In this structure, the heads of the department decide and dictate the procedures of the functions and operations. The middle level managers help in creating the plans and thus implement them. This type of strategy could help in the smooth working of the procurement procedures in the IT sector. Horizontal Structure: This structure use few levels between the workers and the management. This allows a clear and open connection between the layers. This kind of structure occurs at the higher levels of the organizational structure that have low budgets and few employees. Divisional Structure: In this organizational structure, the entire department oversee their entire operation with a minimum input from other departments. The divisional structure is able to separate the employees based on their specialty of their job and the geographic location of the place. Matrix Structure: This kind of structure of organization defines the relationship between management and employees that would be established as a matrix or grid instead of the hierarchy of convention. This kind of structure can allow the organizations to communicate with each other. This could also lead to the efficient communication between the employees and the management. Procedures of Purchasing in the Industry Sector The following procedures are involved in the purchasing in the industry sector: The organization should know the facts about a certain product. The product should be something that would be new for the company. The organization should know the exact source from where the product could be obtained. Ensuring the right product is extremely crucial for the company [8]. The organization should search for all the appropriate information in order to determine the most suitable prices and terms related to the product. The purchase order is used to define the price, specifications and the various terms related to the product. The order that is purchased should be delivered by using email, fax or some other electronic means within the proper time. The recipient acknowledges the receipt of the order purchased. The documents that should match when a payment procedure is requested by an invoice. The discrepancies should be resolved before the before the payment is done by the recipient. The company should maintain the records properly. The records includes the purchases in order to verify the tax information and conform the warranty information [11]. Important Legal Aspects Related to the Industry Sector Most of the legal challenges that are being faced by the IT sector are being driven mobile and cloud computing technologies and various other kinds of software which are responsible for transforming and are critical in every industry. This procedure are in relation with the existing laws and regulations. Data security is an important aspect in the IT sector. Securing and protecting the data are an important concern for various organizations. Hence a proper legal system is extremely necessary to define the rules. Analysis of the Procurement Challenges in the IT Sector The public procurement could be defined as the purchasing or buying of goods and services. The importance of strategy related to procurement can also improve as the companies would emphasize on the fundamental capabilities and transmit the activities to the partners involved in business [1]. The procurement process in IT systems and their services would be perplexing as compared to the purchase of much more consistent services and goods. The decisions related to procurement should be made early in the process of procurement when the requirements would be uncertain for the organization. The buyer might link between the opposing and complex system options. The Information Technology systems should help in supporting the process although extensive research demonstrates the difficulties in implementing the process of e-procurement in the public sector. The research is mainly concerned about the challenges and the several dilemmas, which are mainly faced in the procurement in the information systems and the related services in the IT sector [7]. The procurement by the public could be viewed as a system which is in action. It mainly consists of making and defining the policy of management, authorization, appropriations, and regulations of procurement and the proper implementation of the policies of procurement. One of the identified challenges of procurement should be in the concern of the issue of the several internal stakeholders who possess conflicting goals. In addition to the challenges, the public sector involves the complication of the various complicating needs of various stakeholders [12]. Another related issue is of asymmetry of information when services are procured from consultants of information security. The theory of different agencies suggest that contract and monitoring of the work should be able to bind the speculation of the vendor. This may be insufficient in order to manage with the various problems as several consultants have much more information of the critical areas of the problem. The profession of procurement is becoming a core component of the innovation of the organization. When the procurement strategies are related to the IT sector, there are several unique challenges that would be present in order to successfully implement the strategies, processes and systems into the existing operations. The managers of the procurement in the public sector should have an open framework within their proper work area [9]. The major challenges of procurement that have been found are: To realize the true benefits from data analytics in the division of procurement. To ensure the benefits and advantages of embedding the sustainable practices of procurement, which are fully realized. To balance the outsourcing and maintain the high quality of internal capacity. To get the maximum benefit from the suppliers. To develop the strategies in order to engage effectiveness with indigenous suppliers [10]. Conclusion Based on the above discussion, it can be concluded that procurement is a necessary component in the retail sector. The function of procurement are having a major role in the success scenarios of several global firms. The study also supports the previous identified challenges that would be related to several stakeholders who are involved in the process of procurement. The relevant groups of stakeholders should be involved in the project related to procurement. The challenges in the procurement strategy is complex and regulations are present [5]. This could make the process much more complex and thus could increase the costs. The public procurement of the IT systems is a difficult task and could take a lot of time to be able to seek the information. The problem could be overcome by replication of the strategy from several known procurement processes. Risk is a matter of high concern for the procurement process. More and more emphasis should be laid on the assessment of the risks in ord er to ensure a smooth functioning of the process of procurement. References Moe, Carl Erik, and Tero Pivrinta. "Challenges in information systems procurement in the public sector."Electronic Journal of e-Government11, no. 1 (2013): 307-322. Amann, Markus, Jens K. Roehrich, Michael Eig, and Christine Harland. "Driving sustainable supply chain management in the public sector: The importance of public procurement in the European Union."Supply Chain Management: An International Journal19, no. 3 (2014): 351-366. Loader, Kim. "Is public procurement a successful small business support policy? A review of the evidence."Environment and Planning C: Government and Policy31, no. 1 (2013): 39-55. Roberta Pereira, Carla, Martin Christopher, and Andrea Lago Da Silva. "Achieving supply chain resilience: the role of procurement."Supply Chain Management: an international journal19, no. 5/6 (2014): 626-642. Lember, Veiko, Rainer Kattel, and Tarmo Kalvet, eds.Public procurement, innovation and policy: International perspectives. Springer Science Business Media, 2013. Uyarra, Elvira, Jakob Edler, Javier Garcia-Estevez, Luke Georghiou, and Jillian Yeow. "Barriers to innovation through public procurement: A supplier perspective."Technovation34, no. 10 (2014): 631-645. Ashworth, Allan, Keith Hogg, and Catherine Higgs.Willis's practice and procedure for the quantity surveyor. John Wiley Sons, 2013. Chong, Eshien, Carine Staropoli, and Anne Yvrande-Billon. "Auction versus negotiation in public procurement: Looking for empirical evidence." (2014): 120-142. Danzon, Patricia M., Andrew W. Mulcahy, and Adrian K. Towse. "Pharmaceutical pricing in emerging markets: effects of income, competition, and procurement."Health economics24, no. 2 (2015): 238-252. Nojavan, Sayyad, Behnam Mohammadi-Ivatloo, and Kazem Zare. "Optimal bidding strategy of electricity retailers using robust optimisation approach considering time-of-use rate demand response programs under market price uncertainties."IET Generation, Transmission Distribution9, no. 4 (2015): 328-338. Tokta?-Palut, Peral, Ecem Baylav, Seyhan Teoman, and Mustafa Altunbey. "The impact of barriers and benefits of e-procurement on its adoption decision: An empirical analysis."International Journal of Production Economics158 (2014): 77-90. Musanzikwa, Michael. "Public procurement system challenges in developing countries: The case of Zimbabwe."International Journal of Economics, Finance and Management Sciences1, no. 2 (2013): 119-127.

Sunday, December 1, 2019

John D. Rockefeller

Introduction John D. Rockefeller made one of the most influential decisions of monopolizing the petroleum industry. John D. Rockefeller was born at Richford in New York in 1839. He lived a humble life and while still young, he used to sell candy. Additionally, he could make money by giving the neighbors loans.Advertising We will write a custom essay sample on John D. Rockefeller – Standard Oil Monopoly specifically for you for only $16.05 $11/page Learn More At around the age of sixteen years, he was employed as a bookkeeper receiving fifty cents in a day (Gunderman and Gregory 1). In 1859, he collaborated with Maurice B. Clark and started a wholesale business followed by an oil refinery after including Samuel Andrews in the business. As the demand for oil increased, Rockefeller bought the refinery from his partners after borrowing money. Later, he bought as well as build other oil companies. In 1870, John D. Rockefeller collaborated with his brot her and established the Standard Oil Company at Ohio. Standard Oil Company gave John D. Rockefeller the strength of driving away other owners of refineries by procuring their business premises (Baylor 1). At around 1880, the Standard Oil Company was refining approximately ninety percent of the United States oil. The company controlled all the oil refining processes and marketing procedures in the United States. As a result, John D. Rockefeller had a strong influence on the quality of oil products produced and the market price. In 1890, John D. Rockefeller retired as the president of the company and Theodore replaced him. During the reign of Theodore, he initiated antitrust actions, which led to the collapse of Standard Oil Company into other small companies. According to Gunderman and Gregory, John D. Rockefeller survived in the business environment because of monopoly (1). Monopoly is a Greek word meaning alone or single. Monopoly exists when a particular business enterprise is the only supplier of a specific commodity (Baylor 1). The characteristic of monopoly is absence of competition to produce that commodity and a viable alternative product.Advertising Looking for essay on business economics? Let's see if we can help you! Get your first paper with 15% OFF Learn More As a result, monopoly has a significant market power and it usually control the prices of commodities. For instance, monopoly can increase the profit margin by producing goods in small quantities and selling them at higher prizes. Standard Oil Company was a monopoly. John D. Rockefeller used unethical business practices to monopolize Standard Oil Company. The Six Unethical Practices of John D. Rockefeller Reducing the Prices of Oil and Its Products John D. Rockefeller reduced the prices of oil and its products temporarily (Baylor 4). His competitors could not keep up with the reduced prices because they had not planned for the same. As a result, most of the business people who w ere dealing with oil and oil products ventured in to other types of enterprises. Those who could not survive in the competitive business environment sold their enterprises to Standard Oil Company. The lower prices of oil attracted many consumers, hence, Standard Oil Company managed to establish a strong customer base. According to the theory of economics, low prices more often than not reduce the profit margin of a business and can even make it collapse. John D. Rockefeller was not interested in the profit, but in monopolizing Standard Oil Company by driving away his competitors. He managed to stabilize Standard Oil Company at the expense of the profit. F or instance, between 1880 and 1890, the price of processing raw oil dropped by one cent while that of refined oil by twenty six cents per gallon (Baylor 3).Advertising We will write a custom essay sample on John D. Rockefeller – Standard Oil Monopoly specifically for you for only $16.05 $11/page L earn More By cutting down the prices of oil, John D. Rockefeller did not only win local consumers but also the international traders. Baylor stated that, in order for the Standard Oil Company to compete with the Russian Oil in the Asian and European Countries, John D Rockefeller subsidized the foreign prices of oil (5). Additionally, he supplied free products in order to establish a universal customer base. For instance, in 1870, Standard Oil Company supplied kerosene lamps to the interior parts of the globe and taught people how to use them. Procuring the Components Required Making Oil Barrels John D. Rockefeller purchased the components required to make oil barrels and as a result, his competitors were unable to transport their oil to the consumers (Baylor 3). This is because his competitors could not change the raw oil into refined products that the customers can consume. Thus, Standard Oil Company was the major supplier of refined oil products and it gained fame all over the w orld. With time, Standard Oil Company started producing barrels and selling them at a reduced price in order to attract many consumers (Baylor 3). For instance, John D Rockefeller was selling a barrel at one point five dollar while external suppliers were distributing at a price of two point five. This difference of one dollar facilitated the monopoly of Standard Oil Company because it attracted many consumers. Secret Deals with Railroad The major advantage of Standard Oil Company was its ability to get reduced rates from the railroads. John D. Rockefeller used the fame and prestige of Standard Oil Company to form an alliance with railroads, which gave it rebates in privacy (Baylor 4). Hence, the railroads reduced the shipping charges of Standard Oil Company.Advertising Looking for essay on business economics? Let's see if we can help you! Get your first paper with 15% OFF Learn More The reduced prices enabled the standard oil company to compete effectively with other business enterprises that were charged high rates for the shipping. Some business enterprises could not cope up with the competition and they allowed the Standard oil to be a monopoly. John D Rockefeller secured special considerations from railroads via giving them some amounts of oil. For example, John D. Rockefeller used to give railroads sixty carloads of oil every day in favor of shipment from other oil businesses (Baylor 3). Railroads could carry oil from Standard Oil Company only instead of collecting supplementary products from other oil refinery companies. As a result, Standard Oil Company dominated the market by interfering with the supply chain management of other small refinery companies. John D. Rockefeller won his railroads consumers by building an oil loading facility next to the train station, renting his oil tanker and taking responsibility for any accident on a property that belong ed to railroad (Baylor 4). This allowed Standard Oil Company outdo Pittsburgh Refineries because they could not receive any discount from railroads. Therefore, standard Oil Company managed to monopolize the market by maintaining reduced prices. Buying Competitors Secretly Gunderman and Gregory stated that John D. Rockefeller borrowed money and bought other oil refinery companies in secret (2). He then sent some of the workers from the procured company to find out the business deals of other oil refinery companies. John D. Rockefeller used the report of the findings to take caution against a competitive business deal. For instance, if an oil company plans to reduce the price of oil products, Standard Oil Company would lower their prices further. Some competitors that John D. Rockefeller had bought established oil companies and other refineries joined them. The aforementioned business development created competition with the Standard Oil Company. As a result, John D. Rockefeller secre tly hired the managers of the competitors companies and gave them high pay so that they do not produce any oil product (Baylor 2). The refineries that produced small amount of oil maintained an expensive skeleton team. Standard Oil Company acquired approximately ninety percent of the refining industries. In order to facilitate monopoly, John D. Rockefeller secretly bought dominating oil refinery companies but did not change their names to standard oil company. For instance, Baylor stated that John D. Rockefeller bought Creek Oil Company in Pennsylvania but he did not change the name to Standard Oil Company (5). As a result, the workers of Standard Oil Company and Creek Oil worked collaboratively. The sales of Standard Oil increased because customers who were against the company were still buying the oil because they thought it belonged to Creek Oil Company. Buying or Creating Other Companies That Sell Oil Related Products John D Rockefeller created companies that sell oil related pr oducts like pipelines as well as engineering firms that operated independently but gave Standard Oil Company rebates. In 1879, Standard Oil Company became a monopoly in the oil transport industry after John D. Rockefeller created an oil pipeline company (Baylor 3). Although Tidewater Pipe Line Company tried to compete with Standard Oil, it did not succeed. This is because John D. Rockefeller bought an exclusive chatter to construct its industry where Tidewater Company had planned to build one. As a result, Tidewater Company entered into an agreement with the Standard Oil Company so that they could survive in the competitive business environment. Since Standard Oil Company had control over the market, it restricted the pipeline business activities of Tidewaters to eleven point five percent and retained the remaining percentage. Standard Oil Company managed to form secret collaboration with the South Improvement Company. Thus, South Improvement Company proposed the secret cartels of t he Standard Oil Company and gave them rebates while raising the charges for the other refineries industries (Baylor 2). On the other hand, the South Improvement Company used to get rebates from other oil refinery industries as well as information about the prices of their products. John D. Rockefeller would be given the abovementioned information and he was able to regulate the oil prices and underpin his competitors. Moreover, Standard Oil Company used to ship their barrel on the Standard Oil Company railroad in exchange of a discount of forty cents per barrel. As people became aware of the dirty games of John D. Rockefeller in the oil industry, he had already acquired twenty two out of twenty six of his competitors in Cleveland. Use of Thugs John D. Rockefeller used thugs to coerce competitors who could not be persuaded to collaborate with him. Ida Tarbell, an European competitor tried to attack Standard Oil Company by arraigning the impact of John D. Rockefeller on other oil refi nery companies. When John D. Rockefeller realized the mission of Tarbell, he tried to engage him in an agreement. Tarbell refused and John D. Rockefeller send the owners of small refinery companies to destroy his oil pump and well by burning or smashing them (Baylor 3). The aforementioned tactic ensured that standard Oil Company remained a monopoly. The Net Worth of John D Rockefeller and Carlos Slim Helà º John D Rockefeller net worth was six hundred and sixty three point four billion dollars as of February (Ash 171). He got his money from oil businesses. He operated standard oil company for twenty seven years before retiring in i897. He is the founder of Rockefeller and Chicago universities. He was generous and supported tertiary institutions like Harvard, Yale and Columbia.John D. Rockefeller founded the Rockefeller Institute for Medical Research and the Education Board in order to increase the opportunity of people to learn. He was a philanthropist. Carlos Slim Helà º is the r ichest person in the world with a net worth of sixty nine billion dollars (Ash 171). He gets his money from his telecommunication, retail and mining business enterprises. Some of them include Conglomerate, Telmex and Grupo Carso. He is the chief executive of Telmex. Every one dollar that each person in Mexico spent, twenty cents belongs to Helà º. It is predicted that in the next five year, the net worth of Helà º will increase by approximately thirty billion dollars if he maintain the same race. Conclusion John D. Rockefeller made one of the most influential decisions of monopolizing the petroleum industry. He used unethical business practices to monopolize the Standard Oil Company. On the other hand, he was generous and made sure that he donated ten percent of his dues every month. He is the richest man that has ever lived with a net worth of sixty three point four billion dollars as of February. Works Cited Ash, Russell. Top Ten of Everything. Oxford: Oxford Publishers, 2006. P rint. Baylor, Christopher. â€Å"The Life of John D. Rockefeller.† Education Humanities 3.4 (2001): 1-6. Print. Gunderman, Richard and Matthews Gregory. â€Å"Educating Leaders: Insight fron John D. Rockefeller.† Academic Radiology 1.1 (2012): 1-3. Print. This essay on John D. Rockefeller – Standard Oil Monopoly was written and submitted by user Joslyn Carver to help you with your own studies. You are free to use it for research and reference purposes in order to write your own paper; however, you must cite it accordingly. You can donate your paper here.