8
QuizMultiple Choice

Trusts and Big Business

Question 8 • EAP-Virginia and US History A CR

Which statement best describes Standard Oil in the late 1800s?

Answer
A
Standard Oil controlled only a small number of the nation’s oil refineries.
B
Standard Oil was a single business that operated in a small region.
C
Standard Oil controlled only the means and methods of oil production.
D
Standard Oil owned ninety percent of all oil refineries in the United States.

Explanation

In the late 1800s, Standard Oil dominated the oil-refining industry, controlling about 90 percent of the nation’s oil refining. That makes “Standard Oil owned ninety percent of all oil refineries in the United States” the best choice. It was not a small regional business, nor did its power come only from controlling oil production.

AI-written and checked against the verified answer.

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