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DIA [1.3K]
3 years ago
13

Read the sentence. By the beginning of the 20th century, Standard Oil Company, owned by _[blank]_, controlled 90% of the oil-ref

ining industry. Which term best completes the sentence? A) Leland Stanford B) John D. Rockefeller C) Andrew Carnegie D) J. P. Morgan
History
1 answer:
zhannawk [14.2K]3 years ago
4 0

Answer:

The correct answer is B. John D. Rockefeller.

Explanation:

John D. Rockefeller was the first billionaire in history, thanks to his role as founder of the oil company Standard Oil in 1870. Through the profits provided by the company, Rockefeller became the richest person in the world, obtaining profits that were equivalent to 2% of the GDP of the United States of America of that time.

Through its expansionist trade policies, and the merger or purchase of its competitors, Standard Oil became the first commercial monopoly of the modern era, controlling practically the entire fuel business in the United States, until in 1911 the Sherman Act ordered its dissolution.

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Why according to Truman is the United States the country that must help Greece and Turkey
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The reason why <span>Truman believed that the United States is the country that must help Greece and Turkey is because the United States stood as a world beacon of democracy and freedom, and wanted to ensure that other nations followed suit. </span>
7 0
3 years ago
HElp if u want brainlisti
Anna71 [15]

Answer:

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Explanation:

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6 0
3 years ago
16. All of the following describe conditions of urban neighborhoods during the Industrial Revolution except for
DiKsa [7]

Answer:

Answer D

Explanation:

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6 0
2 years ago
Match each of the terms below with its definition.
juin [17]

Answer:

Absolute  advantage: The ability to produce  more cheaply.

Comparative  advantage: The existence of lower  opportunity costs than  competitors.

Specialization: The performance of a  particular task  within an economic  system.

Protectionism: The existence of barriers  to free-flowing trade.

Explanation:

The four terms that are defined above have to do with trade and the economic theories behind the different trade policies that countries employ. Protectionism is employed when countries want to avoid trade with outside countries and to lower competition with outside countries. Therefore, a country may impose tariffs that make importing goods very expensive. A country will have an absolute advantage in a product if they can make it much cheaper than another country. For example, timber products in Canada will cost less because they have an abundance of forests compared to other countries. A country may have an absolute advantage in one industry but that still may not be its comparative advantage. The country will have to weigh the trading opportunity costs are. Say that one country has no farmland but it has lots of oil. The other country has farmland and oil, but is willing to forgo trading oil in order to trade food for oil with the other country because the opportunity costs for forgoing oil are lower. Now the second country has a comparative advantage in food and the first country has a comparative advantage in oil.   David Ricardo believed that comparative advantage would lead to specialization as in countries would specialize in the products they have a comparative advantage in.

6 0
3 years ago
Which phrase best describes the Mesozoic era? A the Age of Mammals B the Age of Single-celled Organisms C the Age of Flowering P
Ne4ueva [31]
Mesozoic era consisted of three periods the Triassic,Jurassic, and Cretaceous

So it would best be Described by the Age of Reptiles.

since the dinosaurs and mammals appeared during the Triassic Period

You are welcome      
5 0
3 years ago
Read 2 more answers
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