[Answer] How was Rockefeller able to build his monopoly across the oil industry?

Answer: He bought up oil refineries cut costs and reinvested his profits in other refineries.

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How was Rockefeller able to build his monopoly across the oil industry? Henry Morrison Flagler (January 2 1830 – May 20 1913) was an American industrialist and a founder of Standard Oil first based in Ohio.He was also a key figure in the development of the Atlantic coast of Florida and founder of what … A monopoly (from Greek μόνος mónos 'single alone' and πωλεῖν pōleîn 'to sell') exists when a specific person or enterprise is the only supplier of a particular commodity. This contrasts with a monopsony which relates to a single entity's control of a market to purchase a good or service and with oligopoly and duopoly which consists of a few sellers dominating a market. Ida Minerva Tarbell (November 5 1857 – January 6 1944) was an American writer investigative journalist biographer and lecturer. She was one of the leading muckrakers of the Progressive Era of the late 19th and early 20th centuries and pioneered investigative journalism. Born in Pennsylvania at the onset of the oil … Henry Huttleston Rogers (January 29 1840 – May 19 1909) was an American industrialist and financier.He made his fortune in the oil refining business becoming a leader at Standard Oil .He also played a major role in numerous corporations and business enterprises in the gas industry copper and railroads. One of the better-known trusts was the Standard Oil Company; John D. Rockefeller in the 1870s and 1880s had used economic threats against competitors and secret rebate deals with railroads to build what was called a monopoly in the oil business though some minor competitors remained in business. In 1911 the Supreme Court agreed that in recent years (1900–1904) … Mohammad Reza was born along with his twin sister Ashraf.However Shams Mo...

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