Think about Standard Oil's business practices. In three to four sentences, explain why there was such a strong negative feeling toward the Standard Oil monopoly.

Use details from the lesson and reading.

Question

Business

Lorelai Bartlett

14 February, 02:22

Think about Standard Oil's business practices. In three to four sentences, explain why there was such a strong negative feeling toward the Standard Oil monopoly.

Use details from the lesson and reading.

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Answers (2)

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Diana Hutchinson · Answer 1

Sample Response: Standard Oil was taking advantage of incentives that were being given to growing businesses at the time. The company was also ensuring that competition could not continue by lowering prices so much that other producers could not continue to make a profit. With little competition remaining in the market, consumers would be forced to pay the prices set by Standard Oil.

Kaylah Mcdonald · Answer 2

In 1870, set up of Standard Oil was take effect, which by the mid-1880s controlled somewhere in the range of 90 percent of U. S. refineries and pipelines. Pundits blamed Rockefeller for taking part in unscrupulous practices, for example, ruthless valuing and intriguing with railways to dispense with his rivals, keeping in mind the end goal to pick up an imposing business model in the business.

Think about Standard Oil's business practices. In three to four sentences, explain why there was such a strong negative feeling toward the Standard Oil monopoly.Use details from the lesson and reading.

Think about Standard Oil's business practices. In three to four sentences, explain why there was such a strong negative feeling toward the Standard Oil monopoly.

Use details from the lesson and reading.