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First, he secured the transportation of oil by buying train slots at discounted prices from railroad companies. This was done because he had good relationships with the railroad stakeholders. By securing the transports, he was able to buy out many small oil producers at decent prices. Some of the purchases made, if taken into today's business practice, may be viewed as hostile takeovers. By controlling the transport prices, he had leverage to negotiate buy outs of many small oil producing companies in the areas where railroads were built. This is exactly the propositions that were offered by Rockefeller to the railroads investors to encourage them to build more and more railroads systems. The longer the railroads were built, the more oils they may transport, and overtime, more oil companies to acquire. This business model perhaps is the first legal, and systematic monopoly. Although some may view Rockefeller as cold, ruthless businessmen, however, his contributions in supply-chains management, capitalism efficiency, and strategic business decisions helped sparked a major economic revival in the US, laying the foundations of modern business management used throughout the world today.
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How was Charlemagne able to become ruler of so large a realm?
who?
How did the colony of Rio de Oro in Africa benefit Spain?
The colony of Rio de Oro in Africa was able to provide more products for trade. Spain was able to take over and become a world power.
Why were the Japanese able to industrialize must faster than Europe and the US?
The Japanese government lead their people to build, build build and innovate, in order to become economically prosperous and they had help by their former enemies in financing such activities.
What person contracted to work for a master?
Here is one example of contracting to work for a master. Very often in the early days of colonialism in the 13 British colonies, persons would agree to work as indentured servants to either get to the New World, or if already there, to become such a servant for a specified number of years. Quite often this was also a method for the servant to gain knowledge about a trade or craft. One could be a servant in a blacksmith shop and learn this craft for room & board, no pay. At the end of the designated amount of time the indentured servant would become a free man and very likely either work for pay in the craft or if lucky be able to open their own place of business.
What did Sir Wilfred Laurier do to become prime minister?
Sir Wilfrid Laurier was able to unite Quebec behind the Liberal party, while still keeping support throughout the rest of Canada. During the 1896 election, he and the Liberals were able to take advantage of the divisions in the Conservative Party over the Manitoba Catholic schools issue. Before this time, Laurier had worked hard, rising to become leader of the Liberal Party. He had to do his job as Leader of the opposition well, and gain trust with the Canadian population.
