166k views
4 votes
What made Standard Oil a horizontal integration monopoly?

User Deebee
by
7.5k points

2 Answers

0 votes
There are several things that made Standard Oil a horizontal integration monopoly, but in general it was the fact that they bought up multiple means of production. 
User Kiley Hykawy
by
6.6k points
4 votes
American business leaders who owned a normal company. He opened a petroleum refinery and used consolidation to become a monopoly and a trust still. He owned ninety-fifth of oil refineries. The richest man in the United States of America History.
- normal company
- Used spies, bribery, and "trusts" to cover monopoly.
A business strategy during which a business - like a company - tries to shop for out all of its competition. Full consolidation is termed a monopoly. John D. Rockefeller practised consolidation with normal Oils consolidation.
User Firas Assaad
by
6.8k points