Standard Oil Part I
Acquired
00:00
The Aggressive Expansion of Standard Oil
This chapter explores the monopolistic strategies employed by Standard Oil, including aggressive buyouts and coercive tactics against smaller refineries. It highlights significant moments of public unrest due to Standard Oil’s practices, the shift in public opinion, and the company’s consolidation of power over the oil industry, culminating in controlling 90% of the market by 1877. Additionally, it examines Standard Oil’s strategic maneuvering against competitors, particularly in relation to the emerging pipeline industry and its alliances with railroads.
Transcript
Play full episode
