subject
History, 08.02.2022 08:20 baeethtsadia

Read the quote and answer the Question that Follows In the fall of 1871, Rockefeller and some other oil refiners developed a remarkable scheme, the gist of
which was to bring together secretly a large enough body of refiners and shippers to persuade all the
railroads handling oil to give to the company formed special rebates on its oil, and drawbacks on that of
other people. If they could get such rates it was evident that those outside of their combination could
not compete with them long and that they would become eventually the only refiners. They could then
limit their output to actual demand, and so keep up prices. This done, they could easily persuade the
railroads to transport no crude for exportation, so that the foreigners would be forced to buy American
refined. They believed that the price of oil thus exported could easily be advanced fifty per cent. The
control of the refining interests would also enable them to fix their own price on crude. As they would
be the only buyers and sellers, the speculative character of the business would be done away with.
Source: Ida Tarbell, The History of the Standard Oil Company (1904)

2. What was the effect of these practices on Rockefeller? On the
consumer?

ansver
Answers: 3

Another question on History

question
History, 21.06.2019 16:00
She was young and maitive when she went off to nashvill to try to become a singer. which word has the strongeest connotattive meaning? a)went b)become c)native d)singer
Answers: 1
question
History, 21.06.2019 17:40
This essay was published in 1788 in response to an article that argued against the ratification of the u.s. constitution. he tells you that the president will have more power than many in princes in according to the essay, what is the effect of dividing control of the military power of the united states between congress and the president?
Answers: 1
question
History, 21.06.2019 18:30
What was wilfrid laurier's compromise?
Answers: 2
question
History, 21.06.2019 20:00
Why did some states believe they had the power to overturn federal laws?
Answers: 1
You know the right answer?
Read the quote and answer the Question that Follows In the fall of 1871, Rockefeller and some othe...
Questions
question
Mathematics, 06.10.2020 14:01
question
Mathematics, 06.10.2020 14:01
Questions on the website: 13722359