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How did john D. Rockefeller horizontally integrate his monopoly in 1880?

In 1880, John D. Rockefeller horizontally integrated his monopoly by acquiring rival oil companies to consolidate control over the oil market. He used aggressive business practices, including undercutting competitors' prices and negotiating favorable deals with railroads for shipping, which pressured smaller companies to sell out or go bankrupt. By controlling nearly 90% of the U.S. oil refining industry through the Standard Oil Company, he effectively eliminated competition and established a dominant market presence. This strategy allowed him to increase efficiency and profits while reducing prices for consumers.


Who was known for starting standard oil and the monopoly of the oil business in the 1800's?

John D. Rockefeller


How did muckraker Ida tarbell describe standard oil?

It led to the breakup of the company as a monopoly.


Who was the journalist that exposed standard oil as a monopoly?

Ida Tarbell was the journalist who exposed Standard Oil as a monopoly.


What are some monopoly's?

Standard Oil is one


What company was exposed as a monopoly by Ida Tarbell?

standard oil


How many "Just Say No" cards are included in a standard Monopoly Deal deck?

There are three "Just Say No" cards included in a standard Monopoly Deal deck.


Can you put an integrated headset on a standard?

no


What point was the standard oil company trying to convey?

The standard oil company focused on conveying its dominance and control over the oil industry through strategic business tactics such as vertical integration and establishing a monopoly. They aimed to emphasize their efficiency and superior business practices to corner the market.


What was the first monopoly in the United States?

Standard Oil


Who created standard oilcompany America's first monopoly?

Rockefeller


What American companies had a monopoly in the 1800s?

Standard oil company