Prestigious Minds

2. John D. Rockfeller: Owning an Industry


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[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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We would appreciate it if you would leave us a five star review on Spotify, apple podcasts, or anywhere you stream. The plan is to eventually have trivia questions on twitter and give you a chance to be given a shout out at the end of an episode for being the first person to give the correct answer! This is still in the works, but hope to have this rolled out in the next few months.

Twitter: @pmindspod

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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Prestigious MindsBy Jeremiah DeWitt