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Corruption And Monopoly: The Standard Oil Company

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Corruption And Monopoly: The Standard Oil Company
The issue that Ida Tarbell wrote about is the corruption and monopoly that is The Standard Oil company. John Rockefeller, the owner of Standard Oil, took over the oil industry, he would put his prices low so that everyone would buy his oil over the others and when that would happen the other businesses would go out of business and so Rockefeller would buy them out and jack up the prices because there was no one else to go to.

This issue is very important to the people that buy the oil because the oil would be necessary to them and they would have to buy his oil because he had the only oil around and his oil’s prices were very high, thus taking everyone's money.

The monopoly that is Standard Oil has upset the public. It has upset the businesses
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