Using horizontal consolidation, Rockefeller took hold of the entire petroleum refining process. He ruled only that part of the process, and revolutionized it.
Someone like Andrew Carnegie used vertical consolidation, in which he controlled every aspect of the steel business, from mining to manufacturing to transporting to selling.
He was a monopolist.
He was a monopolist.
John D. Rockefeller was a captain of industry because he crushed all local competition during his campaign with his oil company. He earned over 900 million dollars during his career and donated 550 million to charity. Hope this helps :D
The Oil Industry
The oil industry
J. D. Rockefeller was considered both a robber baron and a captain of industry.
He was a monopolist.
He was a monopolist.
John D. Rockefeller
Yes, he was a Captain of Industry. He built a great industrial empire and at the same time donated
he was the captain of the oil industry, if thats what you mean
John D. Rockefeller was a captain of industry because he crushed all local competition during his campaign with his oil company. He earned over 900 million dollars during his career and donated 550 million to charity. Hope this helps :D
by dominating the market, becoming the richest founders of all time.
he was considered both because he was a monopoly on the oil business but still was a great philanthropist
The Oil Industry
he was considered both because he was a monopoly on the oil business but still was a great philanthropist
John D. Rockefeller was the founder of the Standard Oil Company.