What was the first great business trust in the United States?
Standard Oil Company
American Tobacco Company
U.S. Steel Corporation
General Electric
Answer
The Standard Oil Company, founded by John D. Rockefeller in 1870, was the first great business trust in the United States. This company revolutionized the petroleum industry through its monopoly power and technological innovations.
The Rockefeller Riddle: Unleashing the Legacy of John D. Rockefeller
More Questions
Into how many separate entities was Standard Oil broken up?
What was Rockefeller's fortune worth as a percentage of the national economy when he became the country's first billionaire?
Where did Rockefeller spend much of the last 40 years of his life?
Who did Rockefeller and Andrew Carnegie give form and impetus to through their charities?
Which university in the Philippines was funded by Rockefeller?
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