Rockefeller's Monopoly
00:00 - 03:59
3m 59s
The narrator describes how Rockefeller became successful from his past deal with Vanderbilt and how he made a deal with Tom Scott, which resulted in being a far better deal than the one with Vanderbilt. Rockefeller gained control of standard oil, and his profit enabled him to buy out his competitors, gaining a monopoly on standard oil.


Please sign in to write a comment.
Video Transcript

Related Clips

John Rockefeller meets with Vanderbilt to make a deal in order to save his oil refining company, which was on the verge of bankruptcy. On his way to meet Vanderbilt, Rockefeller missed a train that crashed a fatal accident. With his life saved by fate, Rockefeller believed he was spared by God, and was destined to become successful. Rockefeller eventually met Vanderbilt and they negotiated a deal where Rockefeller would fill Vanderbilt's trains with oil, while Vanderbilt would buy oil from Rockefeller. Rockefeller knew he could not produce enough oil for his end of the deal, but he accepts it anyway, knowing the great opportunity presented before him.
The speakers describe an event that led to the Gilded Age, how Cornelius Vanderbilt created a successful railroad empire. He eliminated the competition by preventing goods from reaching other parts of the country and flooding the markets. Railroads eventally became essential in America's growth. The narrator then describes the creation of Grand Central Station.
Jess tries out for the girls' soccer team after being stereotyped for being an Indian player.
The speakers describe a luxurious party during the Gilded Age, and how it was criticized due to the party's great expenses during a time of struggle for many working-class families. The narrator mentions how the major economic growth led to a large wealth gap between the rich and poor, and how the wealthy minority essentially gained control of America.
A guide to how to watch and understand fencing.