Who did Amasa Stone help form a monopoly?
Standard Oil
Rockefeller Industries
The US Steel Corporation
Carnegie Steel
Answer
Standard Oil, an American oil refining, transportation, and marketing company, had its beginnings with the assistance of Amasa Stone. Stone provided financial and logistical support to John D. Rockefeller, the founder of Standard Oil, enabling the company to gain control over various segments of the oil industry and ultimately establish a monopoly in the United States. This dominance allowed Standard Oil to influence the market and maximize its profits.
The Rise and Legacy of Amasa Stone: An Industrialist Extraordinaire Quiz
More Questions
What prominent college was relocated because of Amasa Stone's generosity?
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What position did Stone hold in the Cleveland, Painesville and Ashtabula Railroad?
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