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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Who established the Standard Oil Company?
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Andrew Carnegie
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John D. Rockefeller
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George Westinghouse
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Thomas Edison
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Explanation:
Detailed explanation-1: -John D. Rockefeller formed the Standard Oil Company on January 10, 1870 with his business partners and brother.
Detailed explanation-2: -In 1870, Rockefeller formed the Standard Oil Company of Ohio, along with his younger brother William (1841-1922), Henry Flagler (1830-1913) and a group of other men. John Rockefeller was its president and largest shareholder.
Detailed explanation-3: -Rockefeller, along with his associates Samuel Andrews and Henry M. Flagler, founded Standard Oil in 1870. Within two years, the company had a monopoly on the refinement of oil in the Cleveland area.
Detailed explanation-4: -John D. Rockefeller-CEO-Standard Oil Company | LinkedIn.
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