The Robber Barons- John Rockefeller: Historian Matthew Josephson's thesis

It is historian Matthew Josephsons thesis that sewer Rockefeller was a Robber Baron, an exploiter of capitalist economy who crushed the sm all tolder capitalists, who brought hardships to many, but from a socialists point of view, praised for doing so. Although his iniquitous methods of monopolization were quite atrocious, which was why he was dubbed a Robber Baron, he was still far ahead of his time and competition and was in control of the majority of the oil market. Secret rebates offered by the railroads industry, he received 50 cents a barrel, giving him an advantage of 25 percent over his competitors. Moreover four-fifth of the refining trade, were brought into an alliance with the warning Oil Company by 1875-78. Thus the cooperation of other companies at long last led to his rise in capital power. To do so, he strenuously convinced them that it would be best for them to cooperate. Rockefeller and Flagler had come to a conference of the irate diggers of petroleum wi th easy proposal of nonviolent cooperation, which then came to be the Pittsburgh Plan, thus the both harmonious forces joined together. In effect, it would control almost all stages of oil to where the union will make most of the profit. An recitation of bringing hardships to everyone was his ruthless exploits which put rival companies to be bankrupt.

He was a greedy, ruthless, self-serving, and perverting monopolist. In some instances, he would make offers to bulk on oil refineries drastically below the former buy price. John Rockefeller found every way to exploit his opponents. At first, he made peopl e apart of his pool, and then would soft f! ill out their share out. He but offered 37 percent and a half from the original cost of a plant, thus the only options to turn to was to surrender, or... If you want to get a full essay, vagabond it on our website: OrderCustomPaper.com

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