John D. Rockefeller as the First Dollar Billionaire in Human History
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Due to the high efficiency of Standard Oil (high quality and low prices), the company's share of the oil products market grew from 4% in 1870 to 25% in 1874 and to about 85 per cent in 1880. All these features characterized Standard Oil as a monopoly. Was John Rockefeller's plans to become a monopolist initially? Not really. His actions...
Rockefeller
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