1863: john d. rockefeller partners with maurice b. clark and samuel
andrews to open his first oil refinery
1871: j. p. morgan becomes a partner in the banking firm drexel, morgan &
co.
1875: andrew camegie uses money from earlier investments to open his first
steel mill.
1882: rockefeller forms the standard oil trust, which controls most u. s. oil
production
1889: morgan merges several electricity companies to found general electric
1892: striking workers at carnegie's mill in homestead, pennsylvania, clash
with hired security forces.
1895: morgan takes over drexel and restructures it to become j. p. morgan &
co.
1899: carnegie combines several steel mills that he has purchased into
carnegie steel
1901: morgan buys out carnegie for $480 million and forms u. s. steel.
1914: the united mine workers strike at a rockefeller-owned coal mine in
ludlow, colorado, ends in a massacre.
the information in the timeline most clearly supports the idea that:
o
a. free enterprise slowed investment in private industry.
o
b. workers and owners built jointly owned corporations.
o
c. promising entrepreneurs benefited from political favors.
o
d. big-business growth led to conflicts with workers.