4
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Question 4 • Quiz

How was Rockefeller’s monopoly different from Carnegie’s?

Answer
A
Rockefeller combined many corporations into a trust.
B
Rockefeller controlled all steps in production and distribution.
C
Rockefeller could gather raw materials and refine them.
D
Rockefeller had one corporation that controlled a market.

Explanation

Rockefeller built Standard Oil’s dominance by bringing many separate oil companies under a trust, which coordinated their operations and control. Carnegie’s steel company was more vertically integrated: it controlled many steps in producing and distributing steel. So the key difference was Rockefeller’s use of a trust to combine corporations.

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