Question
How did John D. Rockefeller secure his monopoly in 1882?
He created a trust that controlled oil wells, refineries, and distributors.
He broke up his company so it could operate in more than forty states.
He purchased coal plants around the country to add to his business.
He purchased iron mines around the country to add to his business.
He created a trust that controlled oil wells, refineries, and distributors.
He broke up his company so it could operate in more than forty states.
He purchased coal plants around the country to add to his business.
He purchased iron mines around the country to add to his business.
Answers
GPT-4o mini
John D. Rockefeller secured his monopoly in 1882 primarily by creating a trust that controlled oil wells, refineries, and distributors. This trust, known as the Standard Oil Trust, allowed him to consolidate control over the oil industry, streamline operations, and reduce competition, effectively establishing a dominant position in the market.