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Did john d Rockefeller for the standard oil trust to eliminate competition?
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Who did trust like standard oil became mostly large with?
Eliminating competition
Why did powerful capitalists form monopolies and trusts?
The government had to pass the anti trust law to restrict trusts and monopolies to protect the value of the consumer dollars. The Anti trust laws help to promote a free and fair trade marketplace competition.
What methods did John D Rockefeller used to eliminate his competition?
To some competitors he offered to buy them out at a very low price. To those he wanted in his partnership he offered a trust or cash at a very blow price. Those that took the partnership became very wealthy. Those that did not take cash he ran forced them out of business by running a more efficient network.
What did John D. Rockefeller create in order to monopolize the oil industry?
Study Island: A Trust
What monopolized the American oil industry?
the trust that John D Rockefeller created
What was the first trust created in the United States?
rockefeller's standard oil trust
Identify John D Rockefeller and the standard oil company and rise of trust and monopolies?
Identify John D Rockefeller and the standard oil company and rise of trust and monopolies?
Who created the Standard Oil Trust?
john d. Rockefeller
What business tactic did Rockefeller use to eliminate competition?
He first offered a trust and if they didn't accept the trust, he would run them out of business by putting a store next to the other one and sell his merchandise for 75% less money than the other company.
What big business tactic did Rockefeller use to eliminate competition?
He first offered a trust and if they didn't accept the trust, he would run them out of business by putting a store next to the other one and sell his merchandise for 75% less money than the other company.
What is the device by which several corporations combine to eliminate competition and regulate prices?
A trust.
What part of the country did john d Rockefeller operate in?
John D Rockefeller established Standard Oil Trust in the 1870's in Ohio.
Who did trust like standard oil became mostly large with?
Eliminating competition
What industry did john d Rockefeller establish a monoply over?
oil. he created the standard oil trust to get rid of competion
What was considered an illegal activity under the Sherman anti-trust ac?
A company buying another company to eliminate it as competition(Apex)
Who was known for creating trust and was criticized as a robber baron while serving as head of the standard oil company?
John D. Rockefeller
How did john d Rockefeller gain conrol of the iol industry?
Through horizontal integration Rockefeller was able to monopolize a single market. Because of his oil trust he was easily able to eliminate competitor's. Basically since he was bigger and better his business was on top.
