USA HISTORY

WESTWARD EXPANSION INDUSTRIALIZATION URBANIZATION 1870 1900

SECOND INDUSTRIAL REVOLUTION

Question [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
Name the Business Tycoon:Oil Industry
A
Cornelius Vanderbilt
B
John D. Rockefeller
C
Andrew Carnegie
D
J.P. Morgan
Explanation: 

Detailed explanation-1: -Rockefeller, in full John Davison Rockefeller, (born July 8, 1839, Richford, New York, U.S.-died May 23, 1937, Ormond Beach, Florida), American industrialist and philanthropist, founder of the Standard Oil Company, which dominated the oil industry and was the first great U.S. business trust.

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.

Detailed explanation-3: -John D Rockefeller was the top oil tycoon of the 19th century, and his savvy business decisions made him tremendously wealthy. John D Rockefeller became one of the wealthiest Americans in history by taking control of the newly born oil industry.

Detailed explanation-4: -Rockefeller (July 8, 1839 to May 23, 1937) continues to rank as one of the richest men in modern times. He rose from modest beginnings to become the founder of Standard Oil in 1870 and ruthlessly set about destroying his competitors to create a monopoly of the oil industry.

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