Monopoly by Kylie Taff

Trying to Take Power

kylietaff2025 — 2025-01-09 16:14:56 UTC

Standard Oil was a large company that wanted to take control of President Theodore Roosevelt to maximize their profits. The President wanted nothing to do with Standard Oil and started an investigation of the company.

Money and Influence in Politics

kylietaff2025 — 2025-01-09 16:22:37 UTC

In an attempt to bribe members of Congress, Standard Oil gave them money to try and influence political decisions to help their company grow even bigger. Some politicians supports companies like Standard Oil because they believed that they boosted the economy.

Shipping Power and Profits

kylietaff2025 — 2025-01-13 04:51:38 UTC

In the late 1800s, Standard Oil controlled most of the tanker ships used to transport oil, allowing the company to cut costs and boost profits.

Rise of Standard Oil

kylietaff2025 — 2025-01-13 05:06:50 UTC

Founded by John D. Rockefeller in 1870, Standard Oil quickly grew by buying out competitors, controlling over 90% of U.S. oil refining by 1880. Despite antitrust laws, it maintained dominance until 1911 through clever business strategies.

Expanding Power

kylietaff2025 — 2025-01-13 05:08:56 UTC

In the early 1900s, Standard Oil bought large shares in steel and copper companies, raising fears that it was using oil profits to dominate other key industries and gain even more control over the economy.

Standard Oil's Control Over State Laws

kylietaff2025 — 2025-01-13 14:26:30 UTC

Standard Oil influenced state governments by giving money to politicians, especially in oil-producing states. Other states, like New Jersey, also helped by passing laws that made it easier for the company to grow, letting it avoid stricter rules in other places.