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Civil War
Business partnership and Civil War service In 1859, Rockefeller went into the produce commission business with two partners, Maurice B. Clark and George W. Gardner, under Clark, Gardner & Company, and they raised $4,000 ($139,985 in 2024 dollars) in capital.[41][42] Clark initiated the idea of the partnership and offered $2,000 towards the goal. Rockefeller had only $800 saved up at the time and so borrowed $1,000 from his father, "Big Bill" Rockefeller, at 10 percent interest.[43] Rockefeller went steadily ahead in business from there, making money each year of his career.[44] In their first and second years of business, Clark, Gardner & Rockefeller netted $4,400 (on nearly half a million dollars in business) and $17,000 worth of profit, respectively, and their profits soared with the outbreak of the American Civil War when the Union Army called for massive amounts of food and supplies. During the second year of the American Civil War, Gardner withdrew from the business, and the firm became Clark & Rockefeller.[41][42] When the Civil War was nearing a close and with the prospect of those war-time profits ending, Clark & Rockefeller looked toward the refining of crude oil.[45] While his brother Frank fought in the Civil War, Rockefeller tended his business and hired substitute soldiers. He gave money to the Union cause, as did many rich Northerners who avoided combat. "I wanted to go in the army and do my part," Rockefeller said. "But it was simply out of the question. There was no one to take my place. We were in a new business, and if I had not stayed it must have stopped—and with so many dependent on it."
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