• October 17 - The Making of a Monopoly

  • Oct 17 2024
  • Length: 2 mins
  • Podcast

October 17 - The Making of a Monopoly

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  • Summary

  • On this day in Labor History, the year was 1877. That was the day that John D. Rockefeller, and his company Standard Oil struck a deal with the Pennsylvania Railroad that would cement his monopoly on the nation’s oil refineries. In the early 1870s Rockefeller was building his oil empire out from its center in Cleveland, Ohio.

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