John D. Rockefeller And His Monopoly Of Standard Oil

341 Words2 Pages
I believe the government should break up monopolies. John D. Rockefeller and his monopoly of Standard Oil is the perfect example for why the government should break up monopolies. Rockefeller and his partners created secret deals with railroads and used intimidation to get other smaller oil companies to sell out to them. Also Standard Oil was the monopoly to create trusts which created problems for other small companies. To give Standard oil an advantage over its competitors, Rockefeller made a deal in secret with railroads to where they shipped Standards oil for reduced rates. The railroads took the crude oil to Standard Oil and then delivered the kerosene to big city markets. Many people argued that because railroads were common carriers
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