0
What else can I help you with?
What did trust like standard oil become most large by?
Trusts, like Standard Oil, became large primarily through aggressive business practices, such as monopolizing markets, undercutting competitors, and forming strategic alliances. They often engaged in practices like price fixing and acquiring smaller companies to eliminate competition. This consolidation allowed them to dominate their respective industries, significantly increasing their market share and profitability. Additionally, favorable regulations and a lack of antitrust enforcement at the time facilitated their rapid expansion.
What action did congress take to control trust and monopolies in response to pressure from the American people?
Under Teddy Roosevelt, Roosevelt and Congress became known as trust-busters and broke up monopolies
What robber baron became one of the wealthiest people in the world by creating a trust that controlled most of the oil refineries in the US?
John D. Rockefeller became one of the wealthiest individuals in history by founding Standard Oil Company, which established a trust that controlled a significant portion of the oil refineries in the United States. Through aggressive business practices, including horizontal integration, he was able to dominate the oil industry and reduce competition. His wealth and influence made him a prominent figure in the era of the "robber barons" during the late 19th and early 20th centuries.
What is this cartoon stating about trusts (in this case the Standard Oil trust)?
The cartoon likely critiques the Standard Oil trust by highlighting its monopolistic practices and the negative impact on competition and consumers. It may depict the trust as a powerful entity that stifles smaller companies and manipulates markets, reflecting concerns about the concentration of economic power. Overall, the cartoon suggests that such trusts undermine fair business practices and can lead to corruption and inequality in the marketplace.
What are the advantages and disadvantages of business ethics?
There are both advantages and disadvantages to business ethics, but mostly are advantages. The advanatages are the company will have an increase in reputation, more employees will enroll in the company, employees feel more motivated to work, customers have more trust in it. However, some companies will have difficulties to keep us with that standard - maybe it will be expensive to be an ethical business.
How did Trust like standard oil became large mostly by?
Trusts like Standard Oil became large primarily through aggressive consolidation and vertical integration. By acquiring competitors and controlling all aspects of production, from extraction to distribution, Standard Oil significantly reduced costs and increased efficiency. This allowed the company to dominate the market, eliminate competition, and set prices, ultimately leading to its massive growth and influence in the oil industry. Additionally, strategic partnerships and favorable transportation rates helped solidify its market position.
What does the dog symbolize?
Trust and faith. mostly trust
What was the first modern trust?
Standard Oil Trust
What was the first trust created in the United States?
rockefeller's standard oil trust
Standard oil was powerful what of the late 1800s?
TRUST
What did trust like standard oil become most large by?
Trusts, like Standard Oil, became large primarily through aggressive business practices, such as monopolizing markets, undercutting competitors, and forming strategic alliances. They often engaged in practices like price fixing and acquiring smaller companies to eliminate competition. This consolidation allowed them to dominate their respective industries, significantly increasing their market share and profitability. Additionally, favorable regulations and a lack of antitrust enforcement at the time facilitated their rapid expansion.
Large business organization consisting of several large corporations?
Trust
Identify John D Rockefeller and the standard oil company and rise of trust and monopolies?
Identify John D Rockefeller and the standard oil company and rise of trust and monopolies?
Who created the Standard Oil Trust?
john d. Rockefeller
President Taft ordered the breakup of what?
The Standard Oil Trust
How did the public view unions in the late 1800s?
Mostly they didnt trust them at all that's the answer to the question if not look them up on your social studies book you dumazz......
Which robber baron became one of the wealthiest people in the world by creating a trust that controlled most of the oil refineries in the US?
John D. Rockefeller became one of the wealthiest individuals in the world by establishing the Standard Oil Company, which controlled a vast majority of the oil refineries in the United States through a trust. His business practices, including aggressive competition and strategic mergers, allowed him to dominate the oil industry and significantly influence its market. This consolidation of power led to the eventual breakup of Standard Oil in 1911 due to antitrust laws.
