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Social Studies, 23.03.2021 02:10 dasiaflowers85
“In 1885, John D. Rockefeller wrote one of his partners, “Let the good work go on. We must
ever remember we are refining oil for the poor man and he must have it cheap and good.” Or
as he put it to another partner: "Hope we can continue to hold out with the best illuminator in
the world at the lowest price."
Even after 20 years in the oil business, “the best ... at the lowest price” was still Rockefeller's
goal; his Standard Oil Company had already captured 90 percent of America's oil refining and
had pushed the price down from 58 cents to eight cents a gallon. His well-groomed horses
delivered blue barrels of oil throughout America's cities and were already symbols of
excellence and efficiency. Consumers were not only choosing Standard Oil over that of his
competitors; they were also preferring it to coal oil, whale oil, and electricity. Millions of
Americans illuminated their homes with Standard Oil for one cent per hour; in doing so, they
made Rockefeller the wealthiest man in American history."
Folsom, B. (1988). John d. rockefeller and the oil industry. Foundation for economic education.
Accessed on March 19, 2021. https://fee. org/articles/john-d-rockefeller-and -the-oil-industry/
6. The perspective implied in this source suggests the author would most likely
A. view Rockefeller as a robber barren
b. describe Rockefeller as a captain of industry
C. object to the effects of laissez-faire capitalism
d. support the Sherman Act
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“In 1885, John D. Rockefeller wrote one of his partners, “Let the good work go on. We must
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