Rockefeller
Mr. Rockefeller I'd say was a oil hog. He was a pig for the stuff. He didn't care whether he got his oil legally or not, he just wanted as much as he could get. This man was not fair in his work and people need to know about it. I am Ida Tarbell, journalist. I wrote "The History of the Standard Oil Company". I have a hatred for Mr. Rockefeller and I do not believe he is in liking of me either. I write about his work and what he does and he does not seem to appreciate my truthfulness. Mr. Rockefeller has done many things unfair to our oil workers and companies.
Mr. Rockefeller has taken over rail roads to drive out his rivals and take their oil. He has received rebates on a great part of his shipments, and has collected drawbacks on the oil other people shipped. He made deals with railroads to try and make it so the other iol businesses did not get their product they need to manufacture the oil. If they did get their product he would try and make it so when they shipped out their final product it would be stopped. If he failed at this and the oil got to its dealer Rockefeller would to anything he could to get the dealer to countermand his order. And finally if he failed in that he would undersell his product until the dealer bought off Mr. Rockefeller. Farmers had high charges if they wanted to transport their goods by railroad. Laws were made to help situate some of these problems.
The Sherman Antitrust Act was made in 1890 and it was passed to regulate interstate commerce, and to dissolve the trusts. It began by stating "Every contract, combination in the form of trust or otherwise, or conspiracy, in restraint of trade or commerce among the several States, or with foreign nations, is declared to be illegal." It set punishments for people who were convicted for making these contracts. ". . . shall be punished by fine not exceeding $10,000,000 if a corporation, or, if any other person, $350,000, or by imprisonment not exceeding three years, or by both said punishments, in the discretion of the court." This law was at first not very strong because it had loose wording.
This law helped oil companies because Rockefeller could no longer take the other companies money and try to stop the railroad tracks from not shipping their products. More oil companies were successful, Rockefeller was still on top but his competitors were not as low as they used to be. Negative effects to this would be that now there is more competition for oil and more people might fight over the oil and shipping of it. Other negative effects could be that the companies might get less organized or they might get ahead of themselves because they now have more power. Now a day this effects us because if one company still ran the whole oil rig then they would have so much power and it would be hard to change companies if we had to or be hard to change resources.
Rockefeller And The Muckrakers. (n.d.). Retrieved October 15, 2014.
American Experience: TV's most-watched history series. (n.d.). Retrieved October 15, 2014.
John D. Rockefeller. (n.d.). Retrieved October 15, 2014.
On the standard oil company. (n.d.). Retrieved October 15, 2014.
The Dismantling of The Standard Oil Trust. (n.d.). Retrieved October 15, 2014.
Mr. Rockefeller has taken over rail roads to drive out his rivals and take their oil. He has received rebates on a great part of his shipments, and has collected drawbacks on the oil other people shipped. He made deals with railroads to try and make it so the other iol businesses did not get their product they need to manufacture the oil. If they did get their product he would try and make it so when they shipped out their final product it would be stopped. If he failed at this and the oil got to its dealer Rockefeller would to anything he could to get the dealer to countermand his order. And finally if he failed in that he would undersell his product until the dealer bought off Mr. Rockefeller. Farmers had high charges if they wanted to transport their goods by railroad. Laws were made to help situate some of these problems.
The Sherman Antitrust Act was made in 1890 and it was passed to regulate interstate commerce, and to dissolve the trusts. It began by stating "Every contract, combination in the form of trust or otherwise, or conspiracy, in restraint of trade or commerce among the several States, or with foreign nations, is declared to be illegal." It set punishments for people who were convicted for making these contracts. ". . . shall be punished by fine not exceeding $10,000,000 if a corporation, or, if any other person, $350,000, or by imprisonment not exceeding three years, or by both said punishments, in the discretion of the court." This law was at first not very strong because it had loose wording.
This law helped oil companies because Rockefeller could no longer take the other companies money and try to stop the railroad tracks from not shipping their products. More oil companies were successful, Rockefeller was still on top but his competitors were not as low as they used to be. Negative effects to this would be that now there is more competition for oil and more people might fight over the oil and shipping of it. Other negative effects could be that the companies might get less organized or they might get ahead of themselves because they now have more power. Now a day this effects us because if one company still ran the whole oil rig then they would have so much power and it would be hard to change companies if we had to or be hard to change resources.
Rockefeller And The Muckrakers. (n.d.). Retrieved October 15, 2014.
American Experience: TV's most-watched history series. (n.d.). Retrieved October 15, 2014.
John D. Rockefeller. (n.d.). Retrieved October 15, 2014.
On the standard oil company. (n.d.). Retrieved October 15, 2014.
The Dismantling of The Standard Oil Trust. (n.d.). Retrieved October 15, 2014.