0
John D. Rockefeller's achievements, particularly in the oil industry through Standard Oil, significantly transformed the American economy and business practices. He pioneered techniques in efficiency, vertical integration, and monopolistic strategies, which set a precedent for modern corporate practices. His wealth and influence also led to major philanthropic efforts, funding education, medical research, and public health initiatives, reshaping societal norms regarding wealth distribution. However, his practices also sparked regulatory reforms and antitrust laws aimed at curbing monopolies and promoting fair competition.
What else can I help you with?
What were some of the most famous monopolies of the late 19th century?
Andrew carnagies steel company. john d. rockafellers standered oil company. and that's all i can think of haha.
Why is John D Rockefellers oil company called a monopoly?
It was called a monopoly because if you wanted kerosen, most likely you would have to get it from one of Rockefellers refiners. He supplied kerosene by tank cars that brought the fuel to local markets, and tank wagons then delivered to retail customers, bypassing everybody else.
How did John D Rockefeller make himself a millionaire?
John D. Rockefeller made himself a millionaire from all his achievements and businesses. His major achievement was the Standard Oil Company, which is what he is mainly remembered for.
How was John D Rockefellers Able To Gain Control Over Most Of The Oil Industry?
John D. Rockefeller gained control over most of the oil industry primarily through strategic business practices, including horizontal integration, where he acquired competing oil companies to eliminate competition. He founded Standard Oil in 1870, which efficiently refined oil and reduced costs, allowing him to undercut rivals. Additionally, Rockefeller used aggressive tactics, such as negotiating favorable rail shipping rates and creating a monopoly, to dominate the market. His innovative management techniques and focus on efficiency further solidified his control over the oil industry.
Who monopoly oil industry?
no.. oil is a black liquidy substance that is used for fuel.
What was an important experence in john d Rockefellers life?
an important experece/event in john d. rockefellers life was creating the oil refinery
What does the d stand for in john d Rockefellers name?
The "D" in John D. Rockefeller's name stands for "Davison," which was his mother's maiden name.
What muckraker targeted John D. Rockefellers standard oil company?
ida tarbell
Which muckraker targeted john D Rockefeller standard oil company?
Ida Tarbell
What is john d Rockefellers political view?
John D. Rockefeller was a conservative Republican. He believed in the free market and limited government intervention in business affairs. He also supported philanthropic causes and donated to various charities.
What were some of the most famous monopolies of the late 19th century?
Andrew carnagies steel company. john d. rockafellers standered oil company. and that's all i can think of haha.
Which industry did john D. Rockefeller come to school?
Andrew Carnegie's did not have much education. He only when until he was 14 then went on to work as a messenger boy in the telegraph office.
Why is John D Rockefellers oil company called a monopoly?
It was called a monopoly because if you wanted kerosen, most likely you would have to get it from one of Rockefellers refiners. He supplied kerosene by tank cars that brought the fuel to local markets, and tank wagons then delivered to retail customers, bypassing everybody else.
How did John D Rockefeller make himself a millionaire?
John D. Rockefeller made himself a millionaire from all his achievements and businesses. His major achievement was the Standard Oil Company, which is what he is mainly remembered for.
What has the author John D Michenfelder written?
John D. Michenfelder has written: 'Anesthesia and the brain' -- subject(s): Anesthetics, Brain, Drug effects, Effect of drugs on, Pharmacology, Physiological effect
What was Columbus's achievements?
sailing the seven sea's. =D :D
What were queen Nefertiti greatest achievements?
She was Queen :D
