History: The Rise of Standard Oil

Financial Context
01/01/2023 19 min
History: The Rise of Standard Oil

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Episode Synopsis

The first truly global corporation began to take shape in the 1970's when the Standard Oil trust was formed. It would eventually control close to 90% of American oil refining. In this month's episode of Financial Context, Nate and Dan talk about how John Rockefeller and co. supplied kerosene for a nation before the advent of electricity and the somewhat suspect business practices they used along the way. 
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