How was rockefeller able to build his monopoly across the oil industry?

Question

What strategies and tactics did John D. Rockefeller employ to establish and expand his monopoly in the oil industry during the late 19th century?

Anonymous · Accepted Answer

Rockefeller built the Standard Oil Company in which he bought up oil refineries, cut costs, and reinvested his profits in other refineries.

Anonymous · Answer

He bought up oil refineries, cut costs, and reinvested his profits in other refineries.

Anonymous · Answer

Buying rival refineriesExplanation: American industrialist John D. Rockefeller was born July 8, 1839, in Richford, New York. He built his first oil refinery near Cleveland and in 1870 incorporated the Standard Oil Company. By 1882 he had a near-monopoly of the oil business in the U.S., but his business practices led to the passing of antitrust laws.Standard Oil gained a monopoly in the oil industry by buying rival refineries and developing companies for distributing and marketing its products around the globe.

Anonymous · Answer

He bought up oil refineries, cut costs, and reinvested his profits in other refineries. Option C is correct.Rockefeller was an American oil industry business magnate, industrialist, as well as philanthropist. He is widely regarded to as the wealthiest American of all time, and the richest person in modern history. Rockefeller's wealth sky rocketed as kerosene and gasoline grew in importance, and he turnt into the richest person in the country, controlling 90% of all oil in the United States at his peak.

Anonymous · Answer

Rockefeller was able to build his monopoly across the oil industry since he bought up oil refineries, cut costs, and reinvested his profits in other refineries. Rockefeller was an American oil industry business magnate, industrialist, as well as philanthropist. He is widely regarded to as the wealthiest American of all time, and the richest person in modern history. Rockefeller's wealth sky rocketed as kerosene and gasoline grew in importance, and he turnt into the richest person in the country, controlling 90% of all oil in the United States at his peak.

Anonymous · Answer

the answer is A.hope this helped you!Explanation:

Anonymous · Answer

This Question has 3 parts so I am going to answer then all right now. 1) He bought up oil refineries, cut costs, and reinvested his profits in other refineries. 2) To grow his corporation, Rockefeller designed a new type of company called a TRUST3) A trust is a large company or combined businesses that together control a specific market

Anonymous · Answer

A) he found newer and cheaper ways to refine oil, increasing his profits. Hope this helps! Please let me know if I'm wrong. ?

Garfield Ryan · Answer

He bought up oil refineries, cut costs, and reinvested his profits in other refineries.

Anonymous · Answer

He bought up oil refineries, cut costs, and reinvested his profits in other refineries.

Prof. Nichole Hermiston V

How was rockefeller able to build his monopoly across the oil industry?

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