How Did Rockefeller Build His Monopoly
Rockefeller started the company Standard Oil at 23. He started a monopoly and controlled
about 90% of it. The government had to interfere in his monopoly due to lack of competition and
Prices. Rockefeller made so much from his monopoly, even after it was broken up, that he
became one of America’s first billionaires. While building his monopoly, he bought out his rivals
and competition. The Supreme Court ordered its breakup and it was separated into over 30
different businesses. Rockefeller was influenced by Carnegie to donate over 500 million dollars
to charity to be remembered for something good, rather than greed. He had a rivalry with
Andrew Carnegie, Carnegie Steel Corporation. Both wanted to be the richest man in the world,
about 90% of it. The government had to interfere in his monopoly due to lack of competition and
Prices. Rockefeller made so much from his monopoly, even after it was broken up, that he
became one of America’s first billionaires. While building his monopoly, he bought out his rivals
and competition. The Supreme Court ordered its breakup and it was separated into over 30
different businesses. Rockefeller was influenced by Carnegie to donate over 500 million dollars
to charity to be remembered for something good, rather than greed. He had a rivalry with
Andrew Carnegie, Carnegie Steel Corporation. Both wanted to be the richest man in the world,