Who developed the first trust?

History

1 answer:

Mice21 [21]3 years ago

5 0

Answer:

<em>John D. Rockefeller (1839–1937)</em>

Explanation:

<em>In the year 1882 John D. Rockefeller developed the first trust with the establishment of the Standard Oil Company. Rockefeller understood that America depends on oil for its daily survival.</em>

Business and families used it to heat buildings and houses; factories needed it to run their machines. By creating his trust, Rockefeller mandated all consumers to pay whatever price he wanted to charge for his oil. this resulted in America to be frustrated and tired of the situation.

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