John D. Rockefeller’s business in the 1860s was transporting petroleum products.Why did John D. Rockefeller create a barrel-making factory at the same time? A.He did not want to continue paying another company for barrels. B.He foresaw that oil might not remain a stable investment. C.He realized transporting oil in barrels would be faster than using pipelines. D.He wanted to set the price other oil companies had to pay for barrels.
Explanation He wanted to destroy oil competition by lowering prices, by using something called predatory pricing, making his competitors having to lower prices or go out of business much like Amazon.
