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Rocefeller forced smaller companies to surrender their stock to his control

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Rocefeller forced smaller companies to surrender their stock to his control

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Critics charged that his labor practices were unfair. Employees pointed out that he could have paid his workers a fairer wage and settled for being a half-billionaire.

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Rockefeller caused many people to have to “sell their businesses to the shrewd, confident 32 year-old John D. Rockefeller, Sr. and his newly incorporated Standard Oil Company, or attempt to compete and face ruin”

(Ida Tarabell and Standard Oil).

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Rocefeller forced smaller companies to surrender their stock to his control

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His labor practices were unfair. He made his workers work for nearly the whole day for only 5-6 dollars a day. He had enough money to pay workers more and still be very rich. (Biography)

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lowered prices to drive out the competition

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Rockefeller forced smaller companies to surrender their stock to his control.Rockefeller biography 

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Rockefeller forced smaller companies to surrender their stock to his control.Rockefeller biography 

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“the Cleveland Massacre, in which dozens of small oil producers in Ohio and Western Pennsylvania...were faced with a daunting choice that seemed to come out of nowhere: sell their businesses to the shrewd, confident 32 year-old John D. Rockefeller, Sr. and his newly incorporated Standard Oil Company, or attempt to compete and face ruin.”

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“Rockefeller forced smaller companies to surrender their stock to his control”

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“Rockefeller forced smaller companies to surrender their stock to his control”

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“sell their businesses to the shrewd, confident 32 year-old John D. Rockefeller, Sr. and his newly incorporated Standard Oil Company, or attempt to compete and face ruin.” From the Ida Tarbell and Standard Oil article

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Critics charged that his labor practices were unfair. Employees pointed out that he could have paid his workers a fairer wage and settled for being a half-billionaire.

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¨Critics charged that his labor practices were unfair. Employees pointed out that he could have paid his workers a fairer wage and settled for being a half-billionaire.¨

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He had a good oil company and that how he got to have good wealth

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“the nation’s best-known tycoon was using nefarious tactics to crush legitimate competitors, driving honest men from business.” (Ida Tarbell and Standard Oil)

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“Tarbell ultimately forced Americans to consider that the nation’s best-known tycoon was using nefarious tactics to crush legitimate competitors, driving honest men from business.” Ida Tarbell and Standard Oil

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“Tarbell ultimately forced Americans to consider that the nation’s best-known tycoon was using nefarious tactics to crush legitimate competitors, driving honest men from business.” Ida Tarbell and Standard Oil

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"enriched himself upon the sweat of others, exploited natural resources, or possessed unfair government influence."(Rockefeller Biography) -BH

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"enriched himself upon the sweat of others, exploited natural resources, or possessed unfair government influence."(Rockefeller Biography) -BH

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“His profits soared and his competitors were crushed one by one. Rockefeller forced smaller companies to surrender their stock to his control.” (Rockefeller biography)

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Critics charged that his labor practices were unfair. Employees pointed out that he could have paid his workers a fairer wage and settled for being a half-billionaire.

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“In the gun battle that ensued, seven workers and three Pinkerton guards were killed. Twelve hours after the battle for Homestead began, the guards surrendered”.(http://www.digitalhistory.uh.edu/disp_textbook.cfm?smtID=2&psid=3194)

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JD Rockefeller used rebates to get the railroads to transport his oil cheaper so he could sell it for lower prices and defeat competition. As he grew ever wealthier, he forced the overtaken, smaller, competing companies to be bought out by his company.

(source: https://www.ushistory.org/us/36b.asp)

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In the Rockefeller Biography, it is said that, “Critics charged that his labor was unfair” and that employees pointed out that he should have paid his employees a higher wage.