Scribd Logo
Upload

Welcome to Scribd!

  • Captains of Industry - Rockefeller

    Uploaded by

    gentileangely6
    3 views2 pages
    John D. Rockefeller established Standard Oil in the late 19th century, which by the 1880s controlled 90% of U.S. oil refineries and pipelines. He became one of the world's wealthiest men through consolidating competitors and setting high prices, leading critics to argue he formed an illegal monopoly. In 1911, the Supreme Court ordered Standard Oil to dissolve for violating antitrust laws.

    Original Description:

    Original Title

    Captains of Industry_ Rockefeller

    Copyright

    © © All Rights Reserved

    Available Formats

    PPTX, PDF, TXT or read online from Scribd

    Did you find this document useful?

    Is this content inappropriate?

    Report this Document
    John D. Rockefeller established Standard Oil in the late 19th century, which by the 1880s controlled 90% of U.S. oil refineries and pipelines. He became one of the world's wealthiest men through consolidating competitors and setting high prices, leading critics to argue he formed an illegal monopoly. In 1911, the Supreme Court ordered Standard Oil to dissolve for violating antitrust laws.

    Copyright:

    © All Rights Reserved
    Download as PPTX, PDF, TXT or read online from Scribd
    Flag for inappropriate content
    3 views2 pages

    Captains of Industry - Rockefeller

    Uploaded by

    gentileangely6
    John D. Rockefeller established Standard Oil in the late 19th century, which by the 1880s controlled 90% of U.S. oil refineries and pipelines. He became one of the world's wealthiest men through consolidating competitors and setting high prices, leading critics to argue he formed an illegal monopoly. In 1911, the Supreme Court ordered Standard Oil to dissolve for violating antitrust laws.

    Copyright:

    © All Rights Reserved
    Download as PPTX, PDF, TXT or read online from Scribd
    Flag for inappropriate content
    of 2

    CAPTAINS OF INDUSTRY: ROCKEFELLER

    CAPITANES DE INDUSTRIA: ROCKEFELLER


    SS.912.A.3.2 Examine the social, political, and economic causes, course, and consequences of the Second Industrial Revolution that began in the late 19th century.

    ● Explain and/or evaluate the significance of events, movements, and people in American society prior to and/or during the Second Industrial
    Revolution.
    SS.912.A.3.4 Determine how the development of steel, oil, transportation, communication, and business practices affected the United States economy.

    ● Identify the new industries and/or economic innovations of the Second Industrial Revolution and their impact on American economy and society.

    John D. Rockefeller, Standard Oil: $340 Billion Born into modest circumstances in upstate New York, Rockefeller
    established Standard Oil, which by the early 1880s controlled 90% of
    U.S. refineries and pipelines. Rockefeller became one of the world’s
    wealthiest men and a major philanthropist. Critics said he set unfairly
    high prices and eliminated his competitors in order to form a monopoly.
    In 1911, the U.S. Supreme Court found his company in violation of
    antitrust laws and ordered it to dissolve.

    Political Cartoon Analysis

    Title The king of Combination

    Action Standing in a barrel and he is posing as well

    Railroad, Jersey central, St paul


    Caption(s)

    There is a man that looks like some sort of dictator wearing a crown as well
    Object(s) as some sort of cape. He also looks serious or mad. Barrel of oil and trains.

    Economic power, Bad guy, Dictator.

    Summary
    CAPTAINS OF INDUSTRY
    John D. Rockefeller, Standard Oil: $340 Billion HORIZONTAL INTEGRATION

    r r r r
    o mpany Anothe ny Anothe ny Anothe ny Anothe ny
    An oil c co m pa co m pa co m pa o m pa
    oil oil oil oil c

    Clark, Payne, & Co. Atlantic Refining Co. Hanna, Baslington, & Co. Imperial Refining Co. Charles Pratt & Co.
    (Ohio) (Ohio) (Ohio) (Pennsylvania) (New York) Standard Oil Company

    HORIZONTAL INTEGRATION

    How did horizontal integration benefit They gained a lot of control over the oil industry basically used that power to
    Rockefeller? influence many people.

    How do you think Rockefeller’s


    The major impact was the aggressive expansion of Standard Oil which comes
    integration of the oil market impacted the
    with the creation of Monopoly.
    U.S. economy?

    How do you think Rockefeller’s


    accumulation of wealth was perceived by This was perceived to basically a transparent attempt to buy public favor.
    other Americans?

    You might also like