Standard Oil Trust Is Organized
At a glance:
- Series: Great Events from History: North American Series
- Categories: Economics
- Subcategories: Business, Industry, Manufacturing, Factories
- Curriculum: American History 1878-1900
- Geographical Location: Ohio
- Date: January 2, 1882
Article abstract: Centralized control of a new industry becomes the model for late nineteenth century American business.
Summary of Event
The importance of big business in the U.S. economy was confirmed during the last two decades of the nineteenth century as the United States became one of the world’s major industrial powers. The petroleum industry played a leading role in this development and was, in many ways, a harbinger of the new age of U.S. economic supremacy. Although only about thirty years old by 1890, the industry was...
[The entire page is 1758 words long]
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