angelinararr9557 angelinararr9557

15-08-2019
Social Studies

contestada

How did John D. Rockefeller gain control of the oil industry? a. He formed a trust. b. He practiced horizontal integration. c. He joined a cartel. d. He practiced free trade.

Respuesta :

sandlee09 sandlee09

21-08-2019

Answer:

a. He formed a trust.

Explanation:

According to my research on the different Business ventures of John D. Rockefeller, I can say that in order to gain control of the oil industry John D. Rockefeller formed a trust. This allowed him to get around state laws in order to gain control. Once he had control he developed a business method for maintaining control of this and different industries called Horizontal Consolidation.

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