36b. The New Tycoons: John D. Rockefeller
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Last updated 5:46 PM on 9/1/23
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6 Terms
1
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Rockefeller
America’s first billionaire
2
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robber baron
an american capitalist who enriched himself upon the sweat of others, exploited natural resources, or possessed unfair gov influence
3
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Edwin Drake
discovered oil (1859)
4
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reabtes
discounted rates
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trust
combination of firms formed by legal agreement; reduce fair businesses compaetition
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Standard Oil Company
became largest business in the land
Note 
Flashcards (36)