Why did first organize Standard Oil as a trust?
A) To offer legal protections to oil refineries
B) To divide the oil market among the top five competitors in the business
C) To purchase shares of stock in competing companies
D) To control the key elements of production and corner the market for oil

Question

Quizplus · Accepted Answer

Standard Oil organized as a trust in order to control the key elements of production and corner the market for oil. By consolidating different companies under one authority, the trust could control prices and production levels, ultimately leading to a monopoly on the oil industry.

Why Did First Organize Standard Oil as a Trust