Question

How did John D. Rockefeller horizontally integrate his monopoly in 1880?

Answer 1

Explanation:

He purchased iron mines around the country to add to his business. He created a trust that controlled ninety percent of the nation's oil refineries. He created a trust that controlled oil wells, refineries, and distribution networks.

Answer 2

Answer:

He bought iron mines all over the country to expand his business. He established a trust that controlled 90% of the nation's oil refineries: He established a trust that was in charge of oil wells, refineries, and distribution networks.

Explanation:

• Rockefeller was able to gain tremendous control over the oil industry through horizontal integration and use that power to influence vendors and competitors. Because of the volume of his products, he could, for example, persuade railroads to offer him lower rates.
• A horizontal monopoly, also known as horizontal integration, occurs when a person or business controls one step of the supply chain or manufacturing process. John D. Rockefeller accomplished this by acquiring and controlling American oil refineries. Vertical and horizontal integration are now both illegal business practices.
• He established a trust that was in charge of oil wells, refineries, and distribution networks. He established a trust that controlled 90% of the nation's oil refineries.
• Rockefeller intended to acquire as many other oil refineries as possible. He frequently used hardball tactics to accomplish this. Standard began acquiring new oil pipeline networks in 1874. This allowed the company to halt the flow of crude oil to the refineries Rockefeller wanted to purchase.

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