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Earn +20 ptsQ: Upon what was the American oil industry built?
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How did john d rockafeller get his fortune?
John D. Rockefeller amassed his fortune primarily through his company, Standard Oil. He built a monopoly in the oil industry by acquiring and consolidating various oil companies, controlling oil refining and distribution, and leveraging his influence. His business practices and strategies, along with a strong focus on efficiency and cost-cutting, helped him become the wealthiest person in modern history.
What industry did Ida Tarbell target?
the oil industry
What percent did Rockefeller control of the oil industry?
95%
How did Americans build fortunes in the oil and steel industries?
Andrew Carnegie in steel and John D. Rockefeller in oil industry built fortunes by buying the competition, thus creating monopolies that could charge prices much higher than costs and earn large profits.
When was the Alaskan Pipeline built?
The pipeline was built in the 1970's after oil was discovered at Prudhoe Bay
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