4

Question 1

John Rockefeller used what method?

Answer 1

Horizontal Consolation
Bringing together many firms in the same business

Wanted to buy his competitors

Question 2

John Rockefeller wanted to buy?

Answer 2

To buy his competitors but a law forbid a company to own the stock of another company

Question 3

Samuel Dodd John Rockefeller’s lawyer did what?

Answer 3

Got around the law by creating a Trust

Question 4

What is a Trust?

Answer 4

A board that manages several businesses without owning them

Question 5

In 1882 the Standard Oil Company did what?

Answer 5

Joined 40 companies into a Trust turning all assets to a board of 9 people led by John Rockefeller

Question 6

John Rockefeller’s Trust did what?

Answer 6

Combined thee operation to share the profits

Question 7

Since the companies did not merge?

Answer 7

They did not breaks the law

Question 8

How did John Rockefeller donate?

Answer 8

Donated 500 million dollars to create charities and places that benefited l humanity

Public health,arts,social research

Question 9

How did John Rockefeller become wealthy?

Answer 9

Became rich during the Civil War In the grain and meat market

Created the Standard Oil Company