How was rockefeller able to build his monopoly across the oil industry

History

2 answers:

pashok25 [27]3 years ago

4 0

They kept with lower prices and and lots of promotions to get companies to buy

SOVA2 [1]3 years ago

3 0

Answer: Buying rival refineries

Explanation: American industrialist John D. Rockefeller was born July 8, 1839, in Richford, New York. He built his first oil refinery near Cleveland and in 1870 incorporated the Standard Oil Company. By 1882 he had a near-monopoly of the oil business in the U.S., but his business practices led to the passing of antitrust laws.

Standard Oil gained a monopoly in the oil industry by buying rival refineries and developing companies for distributing and marketing its products around the globe.

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