The Standard Oil Company:
a - was able to control the prices and distribution of almost all the oil in the US.
b - gained control of the oil industry and forced the industry to be more efficient.
c - was unable to lower oil prices because the railroads continued to charge high prices to move oil from one place to another.
d - without intending to, gained enough market share to control the price of oil throughout the US.
Please Help me OUT. Thank you!
2007-01-08 15:39:09 · 10 answers · asked by US Girl 2 in Arts & Humanities ➔ History
A is definitely correct, and I think you could make an argument that B is correct.
C is incorrect because they forced the railroads to give them special deals and at times when the railroads didn't cooperate, Rockefeller went around and bought up all the tanker cars so the railroads couldn't ship any competitors oil unless they got the tanker cars from him.
D is incorrect because of the "without intending to" part of it. Rockefeller knew what he was doing and absolutely intended to control the market.
2007-01-09 00:28:11 · answer #1 · answered by DGS 6 · 0⤊ 0⤋
The answer is "A".
Standard Oil did not force the industry to be more efficient. In terms of demand & supply equilibrium, monopolies are never efficient.
Standard Oil bullied the railroads they didn't own.
Standard was intent and deliberate in gaining controll of the oil market throughout the U.S.
2007-01-08 18:54:00 · answer #2 · answered by tony200015 3 · 0⤊ 0⤋
a Standard Oil not only had the oil but went on to have its own ways of distribution. I can't remember the term but they operated on every level and controlled the prices.
2016-05-22 21:53:38 · answer #3 · answered by Anonymous · 0⤊ 0⤋
A. John D. Rockefeller's company...what Exxon and others used to be be before the US government broke up Standard Oil
2007-01-08 16:15:21 · answer #4 · answered by Anonymous · 0⤊ 0⤋
The old standby "when in doubt Charlie out" does not work ans C seems wrong ... I would say choose A.
Not B a monopoly is not efficient. A free market is
Not C the they tried to get people to buy cars to hurt the rebelling railroads
D oh it was very intentional
2007-01-08 15:55:54 · answer #5 · answered by CAE 5 · 0⤊ 0⤋
I'd go with A.
"In response to state laws attempting to limit the scale of companies, Rockefeller and his partners had to develop innovative ways of organizing so that they could effectively manage their increasingly giant enterprise. In 1882, they combined their disparate companies, spread across dozens of states, under a single group of trustees."
2007-01-08 15:43:16 · answer #6 · answered by Leo 2 · 0⤊ 0⤋
Pretty sure it's A or B
c. They wouldn't have wanted to lower prices since they held a monopoly
d. They wanted to!
2007-01-08 15:43:45 · answer #7 · answered by sir_camm 3 · 0⤊ 0⤋
Here is a buck for gas.
2007-01-08 15:44:37 · answer #8 · answered by Eva 5 · 0⤊ 0⤋
A
2007-01-08 15:44:28 · answer #9 · answered by Ethernaut 6 · 0⤊ 0⤋
a,b,d
2007-01-08 15:42:13 · answer #10 · answered by ? 7 · 0⤊ 0⤋