John D. Rockefeller sought to acquire control of the oil industry through a combination of strategic business practices, including horizontal integration, which involved consolidating many smaller oil companies into his own, the Standard Oil Company. He employed aggressive pricing strategies, such as undercutting competitors, and established efficient refining methods to reduce costs. Additionally, Rockefeller formed trusts and negotiated favorable railroad shipping rates, allowing him to dominate the market and eliminate competition. By the late 19th century, this approach enabled Standard Oil to control a significant portion of the U.S. oil industry.
the oil industry->> APEX
The oil industry
The oil industryApex
The oil industryApex
he wanted to be popular
the oil industry->> APEX
The oil industry
The oil industry
The oil industry
95%
The oil industryApex
The oil industryApex
John D. Rockefeller
he wanted to be popular
John D. Rockefeller. Apex :)
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
Oil industry. Founder of Standard oil.