WESTWARD EXPANSION INDUSTRIALIZATION URBANIZATION 1870 1900
SECOND INDUSTRIAL REVOLUTION
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Andrew Carnegie
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John D. Rockefeller
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J.P.Morgan
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Cornelius Vanderbilt
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Detailed explanation-1: -Its history as one of the world’s first and largest multinational corporations ended in 1911, when the U.S. Supreme Court ruled that it was an illegal monopoly. Standard Oil Company, Inc. The company was founded in 1863 by Rockefeller and Henry Flagler, and was incorporated in 1870.
Detailed explanation-2: -Rockefeller built an oil monopoly by ruthlessly eliminating most of his competitors. This made him the richest man in the world.
Detailed explanation-3: -Standard Oil (in full, Standard Oil Company and Trust) was an American company and corporate trust that from 1870 to 1911 was the industrial empire of John D. Rockefeller and associates, controlling almost all oil production, processing, marketing, and transportation in the United States.
Detailed explanation-4: -John D. Rockefeller formed the Standard Oil Company on January 10, 1870 with his business partners and brother. The success of this business empire made Rockefeller one of the world’s first billionaires and a celebrated philanthropist. He garnered both admirers and critics during his lifetime and after his death.