10 gen 1870 anni - Standard Oil Company Formation

Descrizione:

Event: John D. Rockefeller and Henry Flagler established Standard Oil in Cleveland, Ohio, which later grew into a monopoly by controlling refining, transportation, and distribution.

Impact: Standard Oil revolutionized the oil industry through horizontal integration, achieving a near-monopoly by controlling 90% of U.S. oil refining by 1880.

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