Which company did Cecil Rhodes form in 1888?
De Beers
Anglo American
Rio Tinto
Glencore
Answer
De Beers, founded in 1888 by Cecil Rhodes, was a diamond mining company that played a pivotal role in the diamond industry. Through its control of diamond mines in South Africa, De Beers established a monopoly, regulating the supply and price of diamonds globally. This dominance allowed the company to exert significant influence over the diamond market, shaping its dynamics and ensuring its profitability.
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