HIstory Notes
Subject:
US History [1]
Tags:
Chapter 25 Notes Rockefeller Grows an American Beauty Rose -Kerosene was the first major product of the oil industry. But, the invention of the light bulb rendered kerosene obsolete. - By 1900, the gasoline-burning internal combustion engine had beaten out its rivals as the primary means of automobile propulsion. The birth of the automobile gave a great lift to the oil industry. -John D. Rockefeller organized the Standard Oil Company of Ohio in 1870, attempting to eliminate the middlemen and knock out his competitors. By 1877, he controlled 95% of all the oil refineries in the nation. -Rockefeller grew to such a great power by eliminating his competitors.