Evidence receipt / belief
Published · transcript-backedDavid Rosenthal: belief
22 Sept 2021 Acquired Standard Oil Part I
“In 1862, the first full year of the war, the firm, Clark and Rockefeller, made a trading profit of $17,000 which I believe was 4 times all the money that they had made in all the previous years of operations of the firm.”
Source trail
Everything needed to verify it.
- Speaker
- David Rosenthal
- Attribution
- Verified speaker
- Claim type
- belief
- Recorded
- 22 Sept 2021
- Publisher
- Acquired
- Episode
- Standard Oil Part I
Transcript context
…You got to supply an army with food somehow. Yeah. There are a lot more orders and demand for pork belly and the like coming in, thanks to the war. This drives up the price of foodstuffs through the roof. In 1862, the first full year of the war, the firm, Clark and Rockefeller, made a trading profit of $17,000 which I believe was 4 times all the money that they had made in all the previous years of operations of the firm. They are living large. They're swimming in profits. They can't buy enough. They got to put this money somewhere. So what do they do? Right around this time, people in Cleveland are starting to hear about an interesting development that's happening not too far away in Western Pennsylvania in a tiny little hamlet called Titusville. Ben's obviously smiling here. Some of you are maybe smiling. Yeah. I just did a zillion hours of...…
Stored transcript either side of the excerpt. The highlighted words are the published quote; the surrounding text is unedited source, never generated.