why was the cleveland massacre significant in the formation of standard oil?\nstandard oil significantly…
why was the cleveland massacre significant in the formation of standard oil?\nstandard oil significantly improved its business practices after the cleveland massacre.\nstandard oil was bought out by other cleveland companies after the massacre.\nstandard oil closed down after the cleveland massacre.\nstandard oil became a monopoly in the cleveland oil market after the massacre.
Answer
Brief Explanations:
The Cleveland Massacre was a period in 1872 when Standard Oil, led by John D. Rockefeller, used aggressive tactics (such as secret deals with railroads to get preferential shipping rates) to force out or buy up most of its Cleveland - based oil - refining competitors. This led to Standard Oil having a dominant, near - monopoly position in the Cleveland oil market.
- Option 1: There is no indication that Standard Oil improved its business practices. In fact, its methods during the Cleveland Massacre (like using unfair railroad rebates) were unethical.
- Option 2: It was Standard Oil that was buying out competitors, not being bought out.
- Option 3: Standard Oil did not close down. It continued to grow and expand its operations.
Answer:
Standard Oil became a monopoly in the Cleveland oil market after the Massacre.