WESTWARD EXPANSION INDUSTRIALIZATION URBANIZATION 1870 1900
IMMIGRATION IN INDUSTRIAL AMERICA
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Technology increased the demand for oil and gasoline, which the company produced.
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Technology allowed the company to advertise in new places and with novel methods.
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Technology allowed machines to replace human workers, which helped the company make more money.
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Technology increased demand job demand in other sectors so the Standard Oil Trust was the only oil company to survive, but it became larger.
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Detailed explanation-1: -Standard Oil Company and Trust does not still exist. It was dissolved in 1911. However, some companies that were part of the trust persisted and, over time, merged with others and became part of such well-known companies as Exxon Mobil Corporation, BP PLC, and Chevron Corporation.
Detailed explanation-2: -How was the large size and great power of the Standard Oil Trust, depicted in cartoon, influenced by technological advances? Technology increased the demand for oil and gasoline, which the company produced.
Detailed explanation-3: -Standard Oil gained a monopoly in the oil industry by buying rival refineries and developing companies for distributing and marketing its products around the globe. In 1882, these various companies were combined into the Standard Oil Trust, which would control some 90 percent of the nation’s refineries and pipelines.
Detailed explanation-4: -During the 1880s, Standard Oil divided the United States into 11 districts for selling kerosene and other oil products. To stimulate demand, the company sold or even gave away cheap lamps and stoves. It also created phony companies that appeared to compete with Standard Oil, their real owner.