February 21, 2017

Homework Help: History

Posted by B.B. on Sunday, December 20, 2009 at 9:48am.

My question is this: What were some positive and negative effects that John D. Rockefeller had on big business in the late 19th century?
My answer for positive effects is: He made prices cheaper for the people. Because of Rockefeller and other big businesses at this time American people was ranked with the highest standard of living in the world.
My answer for negative effects is: It hurt small businesses. Large trusts and corporations had too much government power.
Is this correct?
Thanks for your help!

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