1. Rockefeller envisioned the consolidation of many small oil refineries into one giant company that controlled the production because, when the market for oil grew, the amount of buyers grew more, leading to prices going up and down and many small companies wet into bankruptcy. They created what they called "Our Plan" through Standard Oil to save the industry, by combining the businesses
2. The three major railroads running through Cleveland and the Oil Regions of Pensylvannia were really costly, but when they were initially setup and the traffic started to grow more and more, the costs decreased, causing very high losses to the them. Since Standard Oil had the market power they were able to get discounts on railway freight rates. If a railroad did not wish to work with the Standard’s demands they would just ship with another railroad, so most of the railroads ended up agreed to work with them to continue with the businesses. Railroads were Erie, New York Central, and Pennsylvania.
In May of 1856, an antislavery group killed settlers at "<span>Harpers Ferry, Virginia," since the goal was to start a wider movement that would wipe out more slave owners. </span>
It is a true statement that cotton boom linked the northern manufacturing with the southern plantation economy.
<h3>What caused the link between the economy?</h3>
Because the Northern mills needed cotton for textile manufacturing, the southern plantations was able to supply them the cotton.
Hence, it is a true statement that cotton boom linked the northern manufacturing with the southern plantation economy.
Read more about the southern plantation
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He is the British Prime Minister.
