13 Sep 2022

151

John D. Rockefeller and the Standard Oil Trust

Format: APA

Academic level: Master’s

Paper type: Essay (Any Type)

Words: 294

Pages: 1

Downloads: 0

I differ with Molly Heaney argument. The emerging of Standard Oil Trusts was the most substantial milestone worldwide. The Standard Oil story changed the society since laws were regularly made on the fly to combat the trade practice of John D. For instance, they state in the text that the trade practices of the company could still be reflected in the manner Exxon Mobile is being managed nowadays. The simple ideologies of making their transportation system and barrels for the standard oil company are a common practice in business (Segall, 2001). Therefore, in today’s manufacturing and business world businesses now make their resources and have a fleet of supply drivers to dispense their goods, this could be traced back to standard oil and Rockefeller. For that reason, Molly should have noted that the authority John D. Rockefeller applied was to maintain the social customs of his period since there were no regulations on any business. 

Subsequently, though Mr. Rockefeller worked mainly in the grey he did not break any laws during that period. The text reflects that the oil company was manufacturing in flux; businesses were closing and opening on the regular, therefore impacting prices. Conversely, various businesses were making an unsafe product that was easily catching fire which burns several homes. Therefore, the text supports the Pluralist model, even though Standard Oil Trust was one business that dominated, they required help from various companies and other firms with supremacy (Weinberg, 2008). For that reason, in their incident that firm was the railroad business, having a deal with the rail firm led to the extreme authority which John D. Rockefeller acquired. If it was not for his rebate system as well as the fact that the authoritative railroad company went along with Standard Oil and Mr. Rockefeller might have not risen to the novel heights and level that they did. 

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Reference 

Segall, G. (2001). John D. Rockefeller: Anointed with Oil. Oxford University Press. 

Weinberg, S. (2008). Taking on the trust: The epic battle of Ida Tarbell and John D. Rockefeller. Blackstone Audio. 

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StudyBounty. (2023, September 17). John D. Rockefeller and the Standard Oil Trust.
https://studybounty.com/john-d-rockefeller-and-the-standard-oil-trust-essay

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