History

posted by carolyn

Which of the following statements about John D. Rockefeller is most accurate?

A. He founded the Standard Oil Company when he was 24 years old.

B. He considered competition to be the central ideal of capitalism.

C. He drilled the first oil well near Titusville, Pennsylvania.

D. He invented the concept of vertical integration.

I am VERY confused on this question my book says at the age of 24 he built a titan of corporate business, the Standard Oil Company. Other websites are saying B because he founded the standard oil company at 30 but my book just says he considered the competition wasteful, small scale enterprise inefficient. I'm torn between A and B please help.

  1. Ms. Sue

    It's not A because he founded the Standard Oil Company when he was 30.

    I don't believe it's B because he believed that "competition is a sin."
    http://www.texemarrs.com/082010/baku_oil_fields.htm

    It's not C.
    http://en.wikipedia.org/wiki/Titusville,_Pennsylvania

    It must be D.
    http://www.u-s-history.com/pages/h957.html

  2. t.t

    the correct answer is "A"

  3. Student

    Answer is A

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