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The Dismantling Of Standard Oil By President Roosevelt

403 Words2 Pages
Standard Oil was an oil producing, refining, transporting and marketing company established in 1870. With time Standard Oil was able to use a corporate strategy called “horizontal integration”, which involved undercutting competitor’s prices and buying outwards in their industry to gain total control of their given industry ("The Dismantling of The Standard Oil Trust."). Due to the complete power over the industry the public began to be disgusted by the company. This allowed the government, or more specifically President Roosevelt to take action, and the action he took was based on public opinion, as displayed later in their research:
The Congressional Industrial Commission's report to President Theodore Roosevelt laid the groundwork for Roosevelt's
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