Standard Oil's Monopoly: Case Study
Focus Question:
8th Question “Should the government break up Standard Oil’s monopoly?”
Yes the government should break up the standard Oil’s monopoly because it’s not fair to other businesses out there that need to have competition too. I think that they shouldn’t be able to do that and should have to play the game fairly. Trusts are a combination of companies to drive out other businesses and its messed up and therefore it should all be equally fair to all businesses to make money and have a successful business. I think that the Sherman anti-trust act was a good act to pass so tha all business is fair and can protect the other businesses out there.
7 Questions!
Who are they?
John D. Rockefeller:
Established the first standard oil company.
8th Question “Should the government break up Standard Oil’s monopoly?”
Yes the government should break up the standard Oil’s monopoly because it’s not fair to other businesses out there that need to have competition too. I think that they shouldn’t be able to do that and should have to play the game fairly. Trusts are a combination of companies to drive out other businesses and its messed up and therefore it should all be equally fair to all businesses to make money and have a successful business. I think that the Sherman anti-trust act was a good act to pass so tha all business is fair and can protect the other businesses out there.
7 Questions!
Who are they?
John D. Rockefeller:
Established the first standard oil company.