Asked by carolyn


Which of the following statements about John D. Rockefeller is most accurate?

A. He founded the Standard Oil Company when he was 24 years old.

B. He considered competition to be the central ideal of capitalism.

C. He drilled the first oil well near Titusville, Pennsylvania.

D. He invented the concept of vertical integration.

I am VERY confused on this question my book says at the age of 24 he built a titan of corporate business, the Standard Oil Company. Other websites are saying B because he founded the standard oil company at 30 but my book just says he considered the competition wasteful, small scale enterprise inefficient. I'm torn between A and B please help.
Answered by Ms. Sue
It's not A because he founded the Standard Oil Company when he was 30.

I don't believe it's B because he believed that "competition is a sin."
http://www.texemarrs.com/082010/baku_oil_fields.htm

It's not C.
http://en.wikipedia.org/wiki/Titusville,_Pennsylvania

It must be D.
http://www.u-s-history.com/pages/h957.html
Answered by t.t
the correct answer is "A"
Answered by Student
Answer is A
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