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“It (creating a monopoly in the oil industry) was forced upon us. We had to do it in self-defense. The oil business was in confusion and daily growing worse. Someone had to make a stand. . . . This movement was the origin of the whole system of economic administration. It has revolutionized the way of doing business all over the world. The time was ripe for it. It had to come, though all we saw at the moment was the need to save ourselves from wasteful conditions. . . . The day of combination is here to stay. Individualism is gone, never to return.”
John D. Rockefeller, interview, 1880
7. Which individual would most likely have agreed with the views expressed by Rockefeller on business combinations?
a. James Hargreaves
b. James Watt
c. Gugliemo Marconi
d. Cecil Rhodes
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50 pts Dont spam random stuff
“It (creating a monopoly in the oil industry) was forced upon us. We...
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