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Sep 10, 2021

[Answer] What was the name of John D. Rockefeller’s oil monopoly?

Step 1 : Introduction to the question "What was the name of John D. Rockefeller’s oil monopoly?"



...John D. Rockefeller established Standard Oil in 1870 and built an empire that controlled most oil production, processing, and transportation in the United States. The company formed a trust in 1882, creating a complicated company structure that was difficult to regulate. As a result, the U.S. government brought an antitrust suit against it, and Standard Oil was dissolved in 1911.




Step 2 : Answer to the question "What was the name of John D. Rockefeller’s oil monopoly?"



Standard Oil:


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