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Praxis II World and US History Exam Prep

Category - History

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How did John D. Rockefeller create his immense fortune?

Horizontal integration
Vertical integration
Building railroads
Discovering gold in the West

Explanation

Answer - A - John D. Rockefeller created his immense fortune through horizontal integration.

Key Takeaway: John D. Rockefeller built his oil empire through horizontal integration. Horizontal integration is a type of control used by a business that is used to consolidate companies that are in the same industry and the same stage of production. Rockefeller strove-and succeeded-to control one aspect of the production of oil. His immensely-successful Standard Oil Company eventually controlled 95 percent of refineries in the U.S.

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Praxis II World and US History Exam Prep

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Praxis II World and US History Exam Prep

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