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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John D. Rockefeller provided standard oil to most of American households by creating a monopoly in the market so that people could get the high-quality oil from the cheapest price.
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True
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False
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Either A or B
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None of the above
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Explanation:
Detailed explanation-1: -Rockefeller built an oil monopoly by ruthlessly eliminating most of his competitors. This made him the richest man in the world.
Detailed explanation-2: -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.
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