Pratt Institute-Main

Pratt Institute was founded in 1887 by American industrialist Charles Pratt, who was a successful businessman and oil tycoon and was one of the wealthiest men in the history of Brooklyn. Pratt was an early pioneer of the oil industry in the United States and was the founder of Astral Oil Works based in the Greenpoint section of Brooklyn which was a leader in replacing whale oil with petroleum or natural oil. In 1867, Pratt established Charles Pratt and Company. In 1874, Pratt's companies were purchased by John D. Rockefeller and became part of his Standard Oil trust while Pratt continued to run the companies himself.