USA HISTORY

Detailed explanation-1: -Overly zealous and confident, Rockefeller walked into the meeting demanding a substantially lower shipping rate. In exchange, he agreed to fill Vanderbilt’s trains with 60 barrels / day, a quantity more than double what he was able to produce on his own.

Detailed explanation-2: -To insure his railroads will always have sufficient goods to transport, and realizing that oil and its derivatives such as kerosene comprise the fuel of the future, Vanderbilt makes a deal with a struggling young entrepreneur in Cleveland named John D. Rockefeller.

Detailed explanation-3: -Creating a monopoly In addition to wielding his large cash reserves, Rockefeller struck a secret deal with the three major railroads serving Cleveland known as “the South Improvement Company.”

Detailed explanation-4: -Vanderbilt was one of the first to see how railroads could change how goods are shipped, creating the model for our modern railroads. Carnegie created the process for mass-producing steel, which allowed large buildings to become a reality. Rockefeller discovered a way to refine oil that set the worldwide standard.