jan 1, 1882 - Standard Oil Trust
Description:
- Pioneering, dominant business combination that utilized horizontal integration to control approximately 90% of U.S. oil refining and distribution by the late 1880s- Exemplifies the rise of industrial capitalism, monopolistic practices, and the subsequent government regulation during the Gilded Age.
Added to timeline:
Date:
jan 1, 1882
Now
~ 144 years ago