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3min chapter
Standard Oil Part I
Acquired
Oil Refining in the United States
There actually is no legal framework at this point and time for business is to operate outside their own states. So flagler comes up with his idea, it's financial and corporate law, innovation. He says, if we were a joint stock company, then we could buy shares in other joint stock companies. This starts a play book of like, if there's oil leaving the city, either it's ours, or we have some agreement in place where like it's good for us,. And maybe it'll eventually become ours.
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