Introduction: An Overview of the Rockefeller Empire
Nelson Rockefeller is scheduled to undertake a special fact-finding and ambassadorial tour of Latin America for President Nixon in May. Much more important than being the governor of New York and...
...Much more important than being the governor of New York and a past rival of Nixon's for the Republican Party presidential nomination is the fact that Nelson is the grandson of John D. Rockefeller, Sr., the creator of the original Standard Oil trust and founder of the Rockefeller family fortune...
...2 For a further discussion of this point, see "A New Look at U.S...
...Each brother has a particular area of the family empire to oversee: John D., III, the eldest, is the "philanthropist...
...One of the small companies he backed was McDonnell Aircraft, which grew into an industry giant as a result of lucrative World War II contracts...
...The fact is that they are very much concerned with politics and economic interests...
...According to an official biographer, the brothers meet as often as once a week to co- ordinate their affairs...
...15 The AIA and IBEC...
...He oversees many of the family's nonoil interests and has sat on the boards of International Nickel Company and Eastern Air Lines...
...commercial bank, Chase Manhattan...
...21 Non-Profit Organizations...
...This paper contains a critique of David Rockefeller's article in Foreign Affairs (April 1966), "What Private Enterprise Means to Latin America...
...Nelson describes his career in politics as a service to the public rather than as a use of the government to serve his own class interests...
...they belong to the most urbane and elite social clubs -- Links and Knickerbocker...
...The current assets of these companies just mentioned totals over $90 billion and there is much more...
...Land Holdings: Resorts and Vacation Sites in Latin America...
...the second largest U.S...
...With over half of Standard Oil N.J.'s profits coming from overseas operations and with the great untapped markets of the world lying outside U.S...
...1 Nelson A. Rockefeller...
...In This Issue: Introduction: An Overview of the Rockefeller Empire...
...28 I I I-2The Rockefeller family power is further augmented by the close financial and political ties they maintain with the families descended from John D. Rockefeller's brother, William (the Stillman Rockefellers of the First National City Bank) and those descended from John D.'s original Standard Oil partners and associates...
...David, the youngest of the brothers, is the international banker-(currently president of Chase Manhattan) and is active in New York City real estate and political affairs...
...Nelson and his four brothers manage one of the largest complexes of wealth and power the world has ever known...
...Nelson, the family's"public servant," has shuttled between government and private business, often with little distinction between the two, and has a particular interest in Latin America...
...25 Rockefeller's Entourage...
...1 For them, "social revolution" means those institutional changes which will remove obstacles to market expansion and increased productivity...
...Repre- sentative Wright Patman, Chairman of the House Banking and Currency Committee, uses 5 percent as indicative of great influence if not outright control...
...Though the family fortune remains highly concentrated in the oil industry (the largest and most profitable in the world), the Rockefellers have expanded into nearly all branches of industry and finance...
...He is also a major contributor to the Urban League and has served on its board...
...David and Nelson, who are particularly active in Latin America, describe NACLA NEWSLETTER Vol...
...Subscription price: $5 per year.-3their vast investments there as being an instrument of "development" rather than an instrument of controlling Third World resources for their own profit...
...9 David Rockefeller and the Chase Manhattan Bank...
...Laurance is also the "conservationist" and resort developer (especially in Hawaii, the Virgin Islands and Puerto Rico...
...He heads the Rockefeller Foundation and has a particular interest in the Far East (especially Japan) and "population control" (he founded the Population Council...
...Laurance is one of the world's leading "venture capitalists," backing small innovative industries (especially in the fields of aviation and electronics and rocket research...
...These include the Archbolds, Flaglers, Paynes (including John Hay Whitney), Harknesses, Moffetts and Pratts...
...and they are highly conscious of keeping a good public image and present themselves as being above petty politics and economic interests...
...For reasons of space and time, there is no discussion of several important institutions in which the Rockefellers have a strong, if not dominant, interest (such as the World Bank...
...The Rockefellers, whose grandfather was once a symbol of the abuses of monopolistic control of industry, use sophisticated public relations techniques to project a favorable image of themselves to the public...
...David and Nelson have been prime movers behind the Alliance for Progress (and its pre- decessor programs such as Truman's Point Four Program) and "social revolution" in Latin America...
...1 For one of the first outlines of what later became the Alliance for Progress (and for a statement of the Rockefellers' policy on just about every major issue), see Prospect for America: The Rockefeller Panel Reports, Doubleday, New York, 1958...
...2 It does not mean a fundamental change in the social control of the means of production (i.e., from control by a few families to public control) or the redistribution of wealth...
...8 Oil: including the Special Cases of Peru and Venezuela...
...Winthrop, once a Mobil Oil executive, moved to Arkansas, developed a vast industrial and real estate enterprise and has become governor of the state...
...The following material provides some documentation of the Rockefeller empire in Latin America...
...Investments in Latin America," by Edie Black, New England Free Press...
...life insurance companies, Metropolitan and Equitable...
...This is only a preliminary outline of a much more comprehensive study still to be done...
...borders (to cite just two reasons), they are naturally greatly concerned not only with domestic but also foreign politics and economic interests...
...The Rockefeller family first established a virtual monopoly of the U.S...
...Their third generation wealth is managed for them by institutions which they control (especially foundations, Rockefeller Brothers, Inc., and trusts...
...As illustrated below, they prefer to operate primarily behind the scenes (Nelson is the exception), laying out the long-range policies while leaving the details to loyal spokesmen of their interests in positions of public power...
...they have luxurious estates and vacation resorts all over the world...
...Through a network of over 13 foundations, 75 family trusts and other mechanisms of high finance, the Rockefellers maintain a dominant interest in some of the world's largest oil companies: the Standard Oil companies of New Jersey, Indiana and California and Mobil Oil...
...at 160 Claremont Avenue, New York, N.Y...
...2, April 1969 Published monthly, except May-June and July-August, when it is published bi-monthly by the North American Congress on Latin America, Inc...
...The brothers are the epitome of the East Coast Establishment...
...19 The Rockefeller Foundation...
...they attended (and endow and participate in the direction of) elite schools -- Harvard, Yale, Princeton, Dartmouth and the University of Chicago...
...oil industry in the 1370's...
...III, No...
...NOTE: For effective control of a large corporation, it is by no means necessary for an individual, family or group of families to own 51 percent of the stock...
...the second and third largest U.S...
...they are sponsors of and major contributors to prestigious cultural, civic, charity and religious institutions -- Metropolitan Museum of Art, New York Public Library, United Negro College Fund, Union Theological Seminary, the Interchurch Center, and the YM and YWCA...
...10027...
...Eastern Air Lines, Consolidated Natural Gas, Union Tank Car, Itek and the world's largest real estate development, Rockefeller Center...
Vol. 3 • April 1969 • No. 2
