Why did Rockefeller ultimately reorganize Standard Oil as a holding company in the late nineteenth century?
A) To control competition by purchasing the production facilities of competitors and shutting them down
B) To purchase and hold the assets of competitors so that those competitors had no capital or collateral to use for expansion
C) To legally combine competing companies under a central administration
D) To minimize competition by investing heavily in both the production and the distribution of products
Ans: C) To legally combine competing companies under a central administration
You might also like to view...
How did the colonists interpret the actions and policies of the British government in the 1760s and the 1770s?
A) They were furious because the taxes were high and would take away their hard-earned wealth. B) They thought the British government was engaged in a great conspiracy to take away their natural rights and reduce them to slaves. C) The colonists had very little reaction to the British government's actions at this time, as they were able to get around the policies very easily. D) The colonists pushed for additional regulations because they realized they could not protect themselves against encroaching Indians.
The Hague Conference of 1899
A) outlawed poisonous gases. B) created an international court of arbitration. C) improved rules for the treatment of prisoners of war. D) was called by Russia. E) all of the above.
In the early nineteenth century, which Indian tribes dominated the southern high plains?
A. Cayuse and Sioux B. Cherokees and Creeks C. Cherokees and Apaches D. Comanches and Apaches
What industry played a major role in promoting consumerism in the postwar United States?
A) Automobile B) Television C) Computer D) Insurance