![list two solutions tarbell suggested to break standard oil’s monopoly list two solutions tarbell suggested to break standard oil’s monopoly](https://m.media-amazon.com/images/I/51knGnWGHtL.jpg)
In 1872, Rockefeller joined the South Improvement Co. The company was perceived to own and control all aspects of the trade. Standard Oil, being formed well before the discovery of the Spindletop oil field (in Texas, far from Standard Oil's base in the Midwest) and a demand for oil other than for heat and light, was well placed to control the growth of the oil business. Competitors disliked the company's business practices, but consumers liked the lower prices. In the winter months, his only options were the three trunk lines-the Erie Railroad and the New York Central Railroad to New York City, and the Pennsylvania Railroad to Philadelphia. Rockefeller used the Erie Canal as a cheap alternative form of transportation-in the summer months when it was not frozen-to ship his refined oil from Cleveland to New York City. Standard's actions and secret transport deals helped its kerosene price to drop from 58 to 26 cents from 1865 to 1870. Smaller companies decried such deals as unfair because they were not producing enough oil to qualify for discounts. In a seminal deal, in 1868, the Lake Shore Railroad, a part of the New York Central, gave Rockefeller's firm a going rate of one cent a gallon or forty-two cents a barrel, an effective 71% discount from its listed rates in return for a promise to ship at least 60 carloads of oil daily and to handle loading and unloading on its own.
![list two solutions tarbell suggested to break standard oil’s monopoly list two solutions tarbell suggested to break standard oil’s monopoly](https://cdn.britannica.com/w:400,h:300,c:crop/87/21487-050-2AFBC41D/Ida-M-Tarbell-1904.jpg)
After purchasing competing firms, Rockefeller shut down those he believed to be inefficient and kept the others. The company grew by increasing sales and through acquisitions. Other notable Standard Oil principals include Henry Flagler, developer of the Florida East Coast Railway and resort cities, and Henry H. After 1896, Rockefeller disengaged from business to concentrate on his philanthropy, leaving Archbold in control. By 1882, his top aide was John Dustin Archbold. Its successors such as Chevron, ExxonMobil, Amoco, and Marathon Petroleum, are still among the companies with the largest revenues in the world. He remained the major shareholder, and in 1911, with the dissolution of the Standard Oil trust into 34 smaller companies, Rockefeller became the richest person in modern history, as the initial income of these individual enterprises proved to be much bigger than that of a single larger company. Rockefeller ran the company as its chairman, until his retirement in 1897. " Trust-busting" critics accused Standard Oil of using aggressive pricing to destroy competitors and form a monopoly that threatened other businesses. The Standard Oil trust streamlined production and logistics, lowered costs, and undercut competitors. Standard Oil dominated the oil products market initially through horizontal integration in the refining sector, then, in later years vertical integration the company was an innovator in the development of the business trust. Supreme Court ruled that Standard Oil was an illegal monopoly. Its history as one of the world's first and largest multinational corporations ended in 1911, when the U.S.
![list two solutions tarbell suggested to break standard oil’s monopoly list two solutions tarbell suggested to break standard oil’s monopoly](http://4.bp.blogspot.com/-l1SCRFBQBbc/T4LVceHJ7eI/AAAAAAAABWE/_986fd0_Fxs/s640/VC+booby+trap.jpg)
Rockefeller and Henry Flagler as a corporation in Ohio, it was the largest oil refiner in the world at its height. was an American oil-producing, transporting, refining, and marketing company.