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The Secret Life Of AIC

April 1, 2009
Jon Christian Ryter
3/31/2009

For a century the American International Corporation succeeded in remaining invisible because its founders thrived on absolute secrecy. And, those founders—were? AIC was incorporated in 1910. While Charles Stone’s name appears as the historic founding head of AIC, the company was the brainchild of John D. Rockefeller, Sr., Andrew Mellon, J.P. Morgan, and Andrew Carnegie. An assortment of American industrialists, bankers and merchant princes joined the AIC parade over the next couple of years because they were convinced that, with the financial clout of the world’s wealthiest men behind it, the new 800-lb economic gorilla on the horizon was going to be Russia. They all wanted a piece of the action in a new economy devoid of thousands of government restrictions that hamstring business.

Rockefeller’s interest in Russia stemmed from the discovery of oil in Baku near the Caspian Sea in Azerbaijan. The oil field was the largest known oil strike in the world. It was controlled entirely by the Swiss munitions manufacturers Alfred and Robert Nobel and Tzar Nicholas II’s banker, Baron Alphonse Rothschild. By 1884 Rothschild and Nobel were pumping as much oil from the Baku Oil Fields as Rockefeller was from all of his holdings in the United States. Rockefeller was determined to do in Russia what he had succeeded in doing in the United States in two decades?corner the refining and distribution of oil. By 1870 Standard Oil controlled 85% of the refining and distribution of oil in the entire world. By 1880, he lost most of his distribution rights in Europe to Rothschild.

The story continues …..

One Comment leave one →
  1. April 1, 2009 11:01 am

    This blog’s great!! Thanks :).

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