USA HISTORY

Detailed explanation-1: -Rockefeller ruthlessly forced his competitors to “sell or perish.” She correctly identified railroad discounts, specifically outlawed by the Interstate Commerce Act of 1887, as key to creating Rockefeller’s Standard Oil monopoly.

Detailed explanation-2: -And then Rockefeller starts planning to build a new steel plant to rival Carnegies. To end the competition, Carnegie buys up Rockefellers steel in return for his rival’s exit from the industry.

Detailed explanation-3: -Rockefeller was a brilliant entrepreneur. He also did not hesitate to crush competitors, slashing prices to drive rivals out of business. In 1882, Rockefeller ended competition in the oil industry by forming the Standard Oil Trust, where Rockefeller gained control of over 90% of the oil refining in the country!