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.
Sample Response: Standard Oil was taking advantage of incentives that were being given to growing businesses at the time. The company was also ensuring that competition could not continue by lowering prices so much that other producers could not continue to make a profit. With little competition remaining in the market, consumers would be forced to pay the prices set by Standard Oil. Which issues are included in your response? Check all that apply.rising prices for consumersundercutting pricesma
Which best summarizes Ida Tarbell’s assessment of Standard Oil?
According to this passage, what was Roosevelt’s real reason for breaking up Standard Oil?
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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