Monday, September 26, 2011

John D. Rockefeller

John D. Rockefeller
John D. Rockefeller was in the oil business. He used intimidation, force, and strong force tactics. Standard oil controlled 90% of all refinery operations in the U.S. This made some Americans fear that free enterprise system was in danger. He made a brilliant plan that was the Standard Oil trust. Which is the mechanism by which monopolies were created.

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