According to the article, which of the following characteristics fit Standard Oil? Check all that apply.It practiced ruthless business techniques.It helped its competitors stay in business.It dominated the oil market.It controlled the transportation of oil.It successfully stopped journalists from writing about it.
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Which best summarizes Ida Tarbell’s assessment of Standard Oil?
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Think about Standard Oil's business practices. In three to four sentences, explain why there was such a strong negative feeling toward the Standard Oil monopoly.Use details from the lesson and reading.
Standard Oil created negative feelings because it used its enormous power to eliminate competition rather than compete fairly. It received secret railroad rebates, lowered prices to drive smaller companies out of business, and bought or forced competitors to join its trust. Once it controlled most of the oil industry, it could control prices and limit consumers’ choices, making people fear that one company had too much economic power.
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What evidence did you include in your answer? Check all that apply.
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