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How did john d. Rockefeller create a monopoly with the standard oil company of Ohio?
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How did a trust allow John D Rockefeller to create a monopoly over the American oil industry?
Yes.
How did a trust allow John D. Rockefeller to create a monopoly over the American oil industry?
Yes.
What were the two methods that Carnegie and Rockefeller use to create companies that were deemed as monopolies?
1.)Vertical Integration: a process in which you buy out the other competitors in order to be the only one left, creating a monopoly 2.)Horizontal Integration: companies that produce the same products merge together, to create a monopoly
Why did Rockefeller use horizontal intergration?
Rockefeller used horizontal integration to create a monopoly by owning or controlling all businesses within a certain industry. By horizontally integrating, he could eliminate competition, control prices, and increase his own profits.
What was the main reason that the Dutch East India Company was established in 1602?
To create a monopoly in trade with Asia and Africa.
What effect did the Clayton Antitrust Act have on monopolies such as Standard Oil?
It made certain practices illegal when their effect was to lessen competition to create a monopoly.
What might create a monopoly?
One condition that leads to the rise of a monopoly is the ability of one company to buy another similar company out. Another condition occurs when one company lowers prices in such a way to drive another company out of business.
How a government is involved in creating a monopoly?
The government can create a monopoly when, in doing so, it is in the interest of the public good.
How did railroads create a natural monopoly?
good job
What did Andrew Carnegie use to create a monopoly?
toothpaste
Can you use Game Salad to create a Monopoly type game?
yesss
What did john Rockefeller create in order to monopolize the oil industry?
Study Island: A Trust
