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URGENT, 60 POINTS! Explain the new business practice of ‘monopolies’ and how Rockefeller’s Standard Oil was an example of a monopoly. Why did many people object to monopolies?
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URGENT, 60 POINTS! Explain the new business practice of ‘monopolies’ and how Rockefeller’s Standard Oil was an example of a monopoly. Why did many people object to monopolies?

User RussNS
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Answer:because that ment one person controlled the whole industry.

Step-by-step explanation:

Rockafellers standard oil is an example because he used vertical and horizontal integration to take over the oil business and had no competition

User Wrzlprmft
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