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How Industrialization Made Businesses To Control The Oil Market

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Lastly, industrialization created unpredictability in markets which made businesses want to control the whole market themselves. In turn, this allowed for few businesses to control capital in an entire industry. During the time of Rockefeller, sometimes his oil was worth $20 for a barrel or 20 cents (46). One way to make the oil market predictable was to take out the competitors. In the case of Rockefeller, he did. One of his strategies was to make a deal with the railroad company that allowed him to get transportation at a cheaper price by transporting large quantities of oil even further. Also, his deal included that the railroads would upcharge other oil companies and a percentage of that would go to Rockefeller. This meant that competitors

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