this is a great example of how john de rockefeller came to control the oil industry and his control his monopoly is horizontal. so we've got five steps. john de rockefeller did not own all of the oil wells in america. okay. he didn't own all of the pipelines or the railroads that are going to transport that crude oil. but what he did own was that third process. rockefeller owned over 90% of the oil refineries in america. so if you were taking crude oil out of the ground, you hit a gusher down in west texas. you're going to have to go to a standard oil refinery for it to be processed into usable, sellable product. he owns. over 90% of that horizontal to level the refineries in america, which means then you have to do business with him. and he would say, here's what the price is going to be. and you say, well, no, that's that's too high. good luck finding another refinery. oh, wait a minute. i own over 90% of them. you're going to have to business with me, which means i can set the price as high as i want because i have no competition. rockefeller doesn't own the oil. excuse me? the railr

and because omaha was getting so much love, i just have to point out that john de rockefeller came from my hometown. congratulations, adam. well, i'll move on to our first question, which is going to be the same for both of our guests. and it is very simply, why did you decide to write this book? we'll start with you, david. well, first of all, you couldn't put a business person in a less comfortable setting than i did. what? also just acknowledge we've got a couple of other authors here and probably many that i'm going to miss. and please feel free to raise your hand. but stephen moore, a great economist and author as. well, and michael park and mark paletta, who just in addition to the documentary that michael did, created equal justice in, is in his own words. they just issued a really terrific book that summarizes his in his life, other 30 hours of interviews they did on video. it's a fabulous book. so anyway, thank you for them being here. you know, i got to live american dream. my grandparents came over from poland. my dad, when i was a kid, it was always about the american dream.

john de rockefeller, jr was doing at his private estate on the island. and this led to rockefeller's patronage of the motor roads. rockefeller contacted the olmsted office in 1929 regarding the opportunity and over the next six years, the olmsted brothers completed approximately 130 design plans for the park, focused primarily on the motor roads. rockefeller hoped this would ensure protection of the serene natural beauty of the island with the olmsted brothers also serving as a neutral party to mediate differences of opinion with george dorr, the park's first superintendent. perhaps you're seeing a little theme here. in 1930 and in 1937, the national park service director, arno kammerer, wrote to olmsted jr regarding the design of a memorial for laura spelman. rockefeller at the newly established great smoky mountains national park. of course, this was also funded by john d rockefeller jr. henry hubbard stepped in to assist the national park service and rockefeller with the design. the new found gap site was selected with thomas vent and the new design c

opportunities of a lower income student in the night in the united states in material and the life of john de rockefeller. a chance of suffering a fatal at a young age would be much lower range of foods that would be would be much larger. it's of the entertainment options available would be much greater the comfort of being able to live in a room whose temperature was adjusted to suit would be vastly better or that stood the ability to get to a place three or five or six or 10,000 miles away quickly would be immensely larger number of things about that person could learn would be far greater. the freshness, the. of foods that would be available to eat would be substantially more and the comfort of the available clothing would be substantial for the greater. and so i think it is immensely important for recognize the kind of progress. and while this is a point that has made by a number of others i rarely if ever seen it made as extensively and as thoughtful and in many spheres as it is made in this important. second thing that i think is very important is the notion of time that this book passes something