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PtichkaEL [24]
3 years ago
15

John D. Rockefeller monopolized the oil-refining business by __________.

History
1 answer:
irga5000 [103]3 years ago
4 0

The correct answer is: creating trusts.

Rockefeller´s Standard Oil company bought up his competitors and created the US’s first monopoly. Combining many corporations into a trust meant that holders of stock from oil companies handed over their shares to Rockefeller and his associates as a board of trustees, getting in return ‘trust’ certificates which paid dividends without any power.

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