WESTWARD EXPANSION INDUSTRIALIZATION URBANIZATION 1870 1900
ROBBER BARONS
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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John D. Rockefeller
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Andrew Jackson
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Joseph G. McCoy
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Abraham Lincoln
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Detailed explanation-1: -John D. Rockefeller founded the Standard Oil Company, which dominated the oil industry and was the first great U.S. business trust. Later in life he turned his attention to charity. He made possible the founding of the University of Chicago and endowed major philanthropic institutions.
Detailed explanation-2: -John D. Rockefeller formed the Standard Oil Company on January 10, 1870 with his business partners and brother.
Detailed explanation-3: -To give Standard Oil an edge over its competitors, Rockefeller secretly arranged for discounted shipping rates from railroads. The railroads carried crude oil to Standard’s refineries in Cleveland and kerosene to the big city markets.
Detailed explanation-4: -John Davison Rockefeller Sr. (July 8, 1839 – May 23, 1937) was an American business magnate and philanthropist.