hbshady hbshady
  • 01-10-2020
  • History
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How did John D Rockefeller horizontally integrated his monopoly in 1880

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aholt018 aholt018
  • 01-10-2020

He created a trust that controlled 90% of the nation's oil refineries. If I remember correctly, horizontal integration is when you buy out the other businesses in the same market, while vertical integration is where you take control of everything related to your product, which is getting the oil, refining it, and distributing it, rather than selling those tasks out to third parties.

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meganelizabethlewis meganelizabethlewis
  • 10-02-2021

Answer:

B. He created a trust that controlled ninety percent of the nation's oil refineries.

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