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By buying competing refiners, improving the efficiency of his operations, pressing for discounts on oil shipments, undercutting his competition, and buying them out

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Q: How did John D Rockefeller amass his huge oil holdings?
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How did the huge industrial trusts develop in industries such as steel and oil and what was their effect on the economy?

Huge industrial trusts developed in industries such as steel and oil because leaders of these industries, such as Carnegie and Rockefeller, more less or bought off the competition. What effect this ultimately had on the economy is a debated topic, however it was mainly positive, at least in the short term.


Gold was discovered on your land in 1848 you tried to keep this secret but word got out and caused huge amounts of people to move west who are you?

John Sutter


What describes megalithic architecture?

construction of huge stonesConstructed of huge stones.


Who were the famous people during the 1790's?

John Marshall was a famous Supreme Court Jusice during this time. So were the presidents George Washington and John Adams. Since John Adams was Washington's vice president, I will just say that Adams' vice president, Thomas Jefferson, was another famous person.


Why was slavery important to the South?

Cheap free labor was the only way of producing cotton - and lots of it. Following the invention of the cotton gin, cotton become "king" in the South, comprising a majority of its exports. Without slavery, cotton could not be harvested, and the large plantation holders would surely be in ruins. Though the owners of huge plantations did not amass to a majority in the South, they were the political leaders and drove the economy. For the economic and political success of both the South and the plantation owners, the institution of slavery had to continue.

Related questions

By 1378 all of these EXCEPT..had weaked the power of the Church?

the churchs huge land holdings


Why were business leaders such as John D. Rockerfeller called robber barons?

Business leaders such as John D. Rockefeller were called 'robber barons because he made huge profits by paying his workers low wages.


All of these except what had weakened the power of the church?

The Church's huge land holdings (A+)


Did john Davis Rockefeller help women's suffrage?

Yes, he was a huge financier of the movement. Why would he want 50% of the population at home when they could tax the income of 100% of the population?


What 1378 all of these EXCEPT had weakened the power of the Church.?

The Church's huge land holdings (A+)


What numbers give you the best chance to win the lottery?

There is no such set of numbers. If there had been then someone would have used it time and again to amass a huge fortune.


Is John Krause a flatulent?

Yes, John Krause is a huge flatulent.


What is the SNL?

Saturday Night Live is broadcast live from 30 Rockefeller Plaza, New York, NY (known as 30Rock). That is the building that is famous for its huge outdoor ice skating rink and huge Christmas tree every December.


What is the SNL building?

Saturday Night Live is broadcast live from 30 Rockefeller Plaza, New York, NY (known as 30Rock). That is the building that is famous for its huge outdoor ice skating rink and huge Christmas tree every December.


Who is a huge fan of John Mayer?

me! and Taylor swift....


Is eminem john Cena's cousin?

That's a huge no.


Friendly people in the world?

Friendly people in the world are ones that can easily make connections and establish ties with other people. These are the people that amass huge networks, which leads to them becoming very successful. Examples would be top politicians and businessmen.