Now let’s take a detailed look at Rockefeller Financial Group, one of the top ten financial groups in the United States.

It is the largest monopoly group in the United States that is based on the oil monopoly of the Rockefeller family and extends its sphere of influence to all sectors of the national economy through continuous control of financial institutions.

Founder J.

D. Rockefeller started out with oil. In 1863, he opened an oil refinery in Cleveland. In 1870, based on this plant, he expanded to form the Ohio Standard Oil Company, which soon monopolized the U.S. oil industry and used it to

The huge profits obtained were invested in the financial industry and manufacturing industry, and the economic strength developed rapidly.

Total assets were only US$6.6 billion in 1935 and increased to US$82.6 billion in 1960, an increase of 11.5 times in 25 years.

Afterwards, it continued to achieve great development. In 1974, its total assets increased to US$330.5 billion, surpassing the Morgan Financial Group and ranking first among the top ten financial groups in the United States.

There are 16 largest oil companies in the United States, 8 of which belong to the Rockefeller consortium.

The Rockefeller Group is a typical example of using bank capital to control industrial capital.

It has a huge financial network, with Chase Manhattan Bank as the core, and more than 100 financial institutions including the Chemical Bank of New York, Metropolitan Life Insurance Company and Equitable Life Insurance Company.

Through these financial institutions, it directly or indirectly controls many industrial and mining enterprises and occupies an important position in various economic sectors such as metallurgy, chemistry, rubber, automobiles, food, air transportation, telecommunications, and the arms industry.

The arms companies under its control include: McDonnell Douglas Company, Martin Marietta Company (co-controlled with the Mellon Consortium), Sperry Rand Company and Westinghouse Electric Company (

(shared control with the Mellon Consortium), etc.

The Rockefeller consortium also controls the five largest airlines in the United States, including United Airlines, Pan American Airways, American Airlines, TWA and Eastern Airlines, either alone or jointly with other consortiums.

After the 1973 energy crisis, the OPEC countries launched a tit-for-tat struggle with U.S. monopoly capital, dealing a heavy blow to the Rockefeller Foundation.

The consortium took various measures to remedy this unfavorable situation.

It first participated in the development of domestic oil in the United States and fought for the lease rights of offshore oil fields in domestic coastal areas. In 1976, it obtained 1.3 million acres of oil lease land in Alaska and the central Atlantic coast.

It also cooperated with the Anglo-Dutch Shell Oil Company to develop the British North Sea oil fields.

It also penetrates into other relevant sectors of the energy industry.

In addition, there is also vigorous development towards the petrochemical industry.

The Rockefeller Foundation not only dominates the economic field, but also has a large number of agents in the government, influencing the domestic and foreign policies of the U.S. government.

It also penetrates into all aspects of education, science, health, art and social life through organizations such as the Rockefeller Foundation and the Rockefeller Brothers Fund to expand its influence.

However, since the 1980s, the Rockefeller Group's economic strength has been declining day by day, and its status has also declined, and has been surpassed by the Morgan Group.

This is mainly due to the mutual infiltration of American consortiums. Large companies such as Exxon and large banks such as Chase Manhattan Bank affiliated to the Rockefeller consortium have been infiltrated by other consortiums and have become jointly controlled enterprises.

Morgan Financial Group is one of the top ten financial groups in the United States.

Formed in the late 19th and early 20th centuries, it was a monopoly capital consortium that dominated the American economy.

Founder J.

P.

Morgan was born in his father J.

S.

On the basis of Morgan Capital, he co-founded Drexel Morgan Company in 1871 to engage in banking services such as investment and credit.

After the death of the partner in 1894, the business became sole proprietorship. In 1895, it was renamed J.P.

Morgan Company, and using this company as its base, expanded its power to financial industries and various economic sectors (such as steel, railways, and public utilities, etc.) and began to form a monopoly consortium.

In 1912, the Morgan consortium controlled 13 financial institutions with total assets of US$3.04 billion. Among them, Morgan Company was the strongest and dominated the American financial industry. Financial bosses on Wall Street called Morgan Company "the banker's banker".

".

During the First World War, the Morgan consortium made a fortune. After the war, with its strong financial capital, it penetrated into all sectors of the national economy. In the 1930s, the total assets of large banks and large enterprises controlled by the Morgan consortium accounted for 50% of the eight major consortiums in the United States at that time.

%above.

As the competition among financial groups continues to intensify, and other financial groups all use the Morgan Financial Group as the main target of attack, its strength and status have declined relatively, and it was once surpassed by the Rockefeller Financial Group.

To reverse its decline, it took a variety of measures.

In terms of finance, we use our strong financial foundation to expand our strength.

In terms of industry, it actively explores emerging technology industries. Since the 1960s, it has ranked first in electronic computers, high-speed copiers, microfilm and other technology sectors.

International Business Machines Corporation, to which the consortium belongs, is the largest manufacturer of electronic computers in the world.

Industries such as electrical equipment, power equipment, and atomic energy equipment, which the consortium originally had a good foundation for, have also made great progress.

In the arms industry, General Electric Company, General Dynamics and Grumman Aircraft Company, controlled by the Morgan consortium, rank among the largest arms contractors of the U.S. Department of Defense.