John D. Rockefeller gained an almost total monopoly over the oil industry by controversial methods. Not only did he fully integrate the industry both vertically and horizontally, he also undercut his competition in price, sold the oil at different prices to different buyers, and offered secret transportation.
By using economies of scale to crush opposition.
He sold his oil for lower prices then the competition and drove the rival company into the ground. He then purchased these companies and expanded his business area. He continued to do this until he gained control over 90% of American oil sales
by selling oil cheaper than his competitors, forcing his competitors to go out of business or to be taken over by Rockefeller
John D. Rockefeller
J. D. Rockefeller was considered both a robber baron and a captain of industry.
John D. Rockefeller
The oil industry
The oil industry
The oil industry
The oil industryApex
the oil industry->> APEX
John D. Rockefeller
The oil industryApex
John D. Rockefeller. Apex :)
he wanted to be popular
The Oil Industry
John D Rockefeller made a monopoly in the oil industry.
collaborating with the rail system,