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How did Rockefeller use horizontal integration to build his impire?
Wiki User
∙ 13y ago
Rockefeller was a very good business man who some considered to be a robber baron and others thought he was a captain of industry. Basically he wanted to become the (or monopoly) that way he could charge what ever prices he wanted. The biggest reason that he got as rich as he did was because he made a deal with a railroad company to transport his oil for a cheaper price and he would give the railroad some of the profit. Since other businesses didn't have deals like Rockefeller, his oil was cheaper so many people purchased his putting other oil companies out of business. This allowed him to rise to the top of the oil industry.
Well, to be more accurate, he built every oil field in the world except 2, which were built by Britain. His company, Standard Oil had NO competition. And to be more precise, he didn't use horizontal integration, he used verticle integration.
Wiki User
∙ 13y ago
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Aggressive energy-industry monopolist who used tough means to build a trust based on horizontal integration?
Rockefeller
How did John D Rockefeller Sr use horizontal integration to build his empire?
go read the text book u lazy bum
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What methods to Andrew Carnegie use to build his industry?
Andrew Carnegie used horizontal integration. He bought out his competition through this technique making his business more profitable.
Where did john d Rockefeller first build an oil refinery?
Ohio
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it was once called radio city
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so that he could become richer.
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He bought out the competition , and he lowered his prices to drive competitors out of business .
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Why was John D. Rockefeller respected?
John D. Rockefeller was respected for his business acumen and success in building the Standard Oil Company into the largest oil refinery in the world. He was also praised for his philanthropy, including founding the University of Chicago and donating significant sums to various charitable causes.
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He sold oil to the US govt for war time.
