3 years ago

How was the large size and great power of the Standard Oil Trust influenced by technological advances?

1 answer:

3 0

Technological advances caused an increase in the demand for oil and gasoline (which the company produced).

With its monopoly and new advanced machines, the company designed oil barrels and built pipelines to store their oil. With this, they had a monopoly of mostly 90% of the refining industry in America.

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