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Standard Oil Company

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What did john d Rockefeller do to monopolized the oil refining business?

creating a trust


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he became famous by creating the Oil Refining Company that helped him get richer when cars were created in further years ahead


How did JD Rockfeller impact the industrial revolution?

John D. Rockefeller significantly impacted the Industrial Revolution through his pioneering of the oil industry and the establishment of Standard Oil. By creating a vast monopoly, he revolutionized oil refining and distribution, leading to lower prices and increased accessibility. His business practices, including vertical integration and aggressive competition, set new standards for corporate strategy and management. Rockefeller’s wealth and influence also enabled advancements in infrastructure and philanthropy, shaping the economic landscape of the United States.


How did Rockefeller and the Standard Oil Company get around laws that forbade companies in one state from underselling or doing business in other states?

they developed the idea of creating trust


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John D. Rockefeller, Andrew Carnegie, and J.P. Morgan were pivotal figures in shaping late 19th century American business and industry. Rockefeller revolutionized the oil industry and established the Standard Oil Company, creating a model for corporate monopolies. Carnegie transformed the steel industry through innovative production methods and vertical integration, while Morgan played a crucial role in financing and consolidating industries, leading to the formation of major corporations like U.S. Steel. Together, they exemplified the era's rise of industrial capitalism, shaping the economy and influencing American society.


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Who was the person responsible for creating standard oil company? Answer this question…