Which of the following was true of Standard Oil in the 1890s?
A) It was not as strong as it had been in the 1880s.
B) It controlled more than 90 percent of the oil business.
C) It had cut its workforce to 50,000 people.
D) It was broken up into a number of smaller companies by the federal government.

Question

Quizplus · Accepted Answer

During the 1890s, Standard Oil controlled more than 90 percent of the oil business, making it a near-monopoly in the industry. While it did face some challenges from competitors and the government, it remained very strong during this decade. It was not until later in the early 1900s that the federal government broke up the company into smaller entities.

Which of the Following Was True of Standard Oil in the 1890s