John D Rockefeller
by
arthurblock3
Last updated 8 years ago
Discipline:
Social Studies Subject:
Historical biographies


John D Rockefeller and Standart Oil
John Davison Rockefeller (July 8, 1839 – May 23, 1937) was an American industrialist and philanthropist. He was the founder of the Standard Oil Company, which dominated the oil industry and was the first great U.S. business trust.
System of consolidating many firms in the same business.The acquisition of additional business activities that are at the same level of the value chain in similar or different industries.
John D. Rockefeller
Horizontal integration
Horizontal Integration
Standard Oil and its subsidiaries quickly managed to consolidate the refining business in the Cleveland area and then began to extend their control into Pittsburgh, Philadelphia and New York City.
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