History
Charles Pratt (1830–1891) was an early pioneer of the natural oil industry in the United States. He was founder of Astral Oil Works in the Greenpoint section of Brooklyn, New York. He joined with his protégé Henry H. Rogers to form Charles Pratt and Company in 1867. Both companies became part of John D. Rockefeller's Standard Oil in 1874.
Pratt is credited with recognizing the growing need for trained industrial workers in a changing economy. In 1886, he founded and endowed the Pratt Institute, which opened in Brooklyn in 1887.
Pratt ended its engineering program in 1993 citing "a continuous decrease in its enrollment and the growth of competition for a shrinking pool of prospective students."
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