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History, 22.03.2021 02:20 joyelewis58

Please help me answer these 10 Questions. (THEY ARE DUE BY 8:00 PM Today) 1. What was the deal that was made between Vanderbilt and Rockefeller?

2. Describe the influences of Rockefellers life that leads him to excel. Why does he decide to invest in kerosene and an oil refinery?

3. Explain the importance of Rockefellers creation of standard oil and its impact on the production of kerosene.

4. Why does Rockefeller meet with Tom Scott? How does this deal benefit Rockefeller but not his competitors?

5. Explain how Rockefeller is able to create the first monopoly in the United States. How does he also maximize his profit in this process?

6. Why do Vanderbilt and Scott form an alliance against Rockefeller?

7. Explain how Rockefeller is able to cut the railroads out of the oil business.

8. What is the cause of the panic of 1873, which results in the stock market crash in the first impression of the United States? Who is mainly affected by this depression?

9. Explain how Rockefeller benefits from the Panic of 1873.

10. What happens to Tom Scott’s Pennsylvania Railroad Company? Explain Rockefellers role in this event?

(THIS IS NOT A JOKE)

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