How did John D Rockefeller horizontally integrated his monopoly in 1880

1 answer:

3 0

He created a trust that controlled 90% of the nation's oil refineries. If I remember correctly, horizontal integration is when you buy out the other businesses in the same market, while vertical integration is where you take control of everything related to your product, which is getting the oil, refining it, and distributing it, rather than selling those tasks out to third parties.

You might be interested in

Sir George Grenville, King George's Chancellor of the Exchequer, enacted the Revenue Act of 1764 to raise revenue for maintenanc

Kamila [148]

In the colonies, it was commonly known as the "<span>b. Sugar," Act, since this main "target" of this act was to impose taxes on sugar and molasses and other related products. </span>

7 0

2 years ago

Which group used patriotism to overcome racism and bigotry?

soldi70 [24.7K]

League of United Latin American Citizens

6 0

3 years ago

Read 2 more answers

The Indian Ocean enabled African trade, in addition to bringing Portuguese invaders.

trapecia [35]

Answer:The Indian Ocean enabled African trade, in addition to bringing. Portuguese invaders. Because trade brought new civilizations into contact with one another, the transfer of new technology often occured. Wich civilizations were in Central America? Maya and Aztec.

Explanation:

7 0

2 years ago

What is meaning of redox reaction?<br>byee account is on delete now

il63 [147K]

Explanation:

oxidation-reduction reaction, also called redox reaction, any chemical reaction in which the oxidation number of a participating chemical species changes. The term covers a large and diverse body of processes.

I hope you help :)

5 0

1 year ago

Read 2 more answers

What federal office was established after the Mexican War? Bureau of Indian Affairs Department of the Interior War Department De

marysya [2.9K]

The correct answer is The Department of the Interior. It was formed in 1849, a year after the Mexican war. The Department of state was formed in the 1700s, while the Bureau of Indian Affairs was formed in 1824, which was 25 years before the Department of the Interior and before the Mexican War.

8 0

3 years ago