17
QuizMultiple Choice

Unit Test — Unit test

Question 17 • SSHS IUS002 US History II

Which of the following men created a monopoly in the oil industry?

Answer
A
Andrew Carnegie
B
J. P. Morgan
C
John D. Rockefeller
D
Henry Ford

Explanation

John D. Rockefeller built Standard Oil, which came to dominate the oil industry through control of refining, transportation, and distribution. This made Rockefeller the oil-industry monopolist. Andrew Carnegie was associated with steel, J. P. Morgan with banking and finance, and Henry Ford with automobiles.

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