Big Business

Oil

Come work at the best Oil industry in town

The oil industry has grown rapidly in the late 1800s.

Important people of the industry

The oil industry grew by Rockefeller lowering his prices to drive his competitors out of business and pressured customers not to deal with rival oil companies and persuaded the railroads to give him rebates. He also did it by forming a trust by acquiring stock in many different oil companies, then the shareholders traded their stock for Standard oil. All of this gave Rockefeller a monopoly of the oil industry.