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Lubov Fominskaja [6]
3 years ago
8

Explain why the Standard Oil company is an example of horizontal integration.

History
1 answer:
marishachu [46]3 years ago
8 0

Answer:

Standard Oil became a horizontal integration monopoly because it owned ninety percent of US oil refineries. It became a monopoly because it bought almost all of the competitors so that it managed to control almost all oil production, processing, marketing, and transportation in the United States.

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The Embargo Act was replaced by the Non-Intercourse Act of 1809, which lifted all embargoes on American shipping except for those bound for British or French ports. This was then replaced in 1810 by Macon's Bill Number 2. This lifted all embargoes but offered that if either France or Great Britain were to cease their interference with American shipping, the United States would reinstate an embargo on the other nation. Napoleon, seeing an opportunity to make trouble for Great Britain, promised to leave American ships alone, and the United States reinstated the embargo with Great Britain and moved closer to declaring war.

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