How Rockefeller Became the Richest American Ever
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- Опубликовано: 20 фев 2017
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John D. Rockefeller reached the wealth of kings without using a sword or ruling a nation. He was a private citizen who through his own conviction and ruthlessness created an empire we'll never see again. How did he build it?
Music by: / holfix
Twitter: / althistoryhub
Rockefeller's wealth makes Bill Gates's wealth look like the bank account of a women's studies major.
KnowledgeHub I'm the first dislike, deal with it lol...
dang. well played cody
KnowledgeHub Have haters
Oooohhhhhhh
KnowledgeHub Something wrong with your mouth u sound weird in the video
KnowledgeHub OHHH... SHOTS FIIIREDD!
*hears oil
*america sweats nervously
*iraq sweats more nervously
Havent i seen you before?
Oh yeah on that cheeki breeki russian carrier video
Danhatman da comrade
You win the Internet for this week.
Before the invasion of Iraq, the oil drilled there was used to fuel one of the largest militaries in the world. Which was controlled by a dictatorship and was, at multiple occations, used to invade other countries and conduct genocide. It is now drilled by private companies, compeeting in the free market, and the tax revenue is used to fund its democratically elected government.
nebod bnu tuld HAHAHAHAHAAHHA
In capitalist America, bank robs you.
Kim Jong-un correct
Relax Ryan, it's just a joke.
The Weirdo in communist Russia government robs you.
Kim Jong-un why did you kill your brother.
I commend this venture, DEUS VULT!
"Generally, the wealthiest people in history were conquerors and kings..."
Dude, J.D. Rockefeller WAS a conqueror.
Wait a minute....
Hold on...
A conqueror of other oil companies
Shifting capital assets to dominate the capital assets of others in order to gain real estate, then converting the dismantled power structure of the vanquished factions into pieces of ones own power structure. No it was EXACTLY THE SAME THING... Just by different means.
@Supadupa Swaggascoopa Given that the majority of territorial conquests were intrapolitical, such as tribes within the same nation or empire taking over smaller tribes, or Nobles taking down other nobles, usually with in the same kingdom... Given that corporate takeovers were indeed taking lands from communities on just as large as scale as most cases of kingdoms outright conquering other kingdoms. Given people's communities and livelihoods being upended definitely had a huge fucking impact on their identity, perhaps a much larger impact than keeping the same nationality but having a change of government did. Your appeal to the little guy on these grounds rings VERY FUCKING HOLLOW; especially, when you consider that corporations taking over lands got to perform MANY OF THE SAME ATROCITIES as occupying armies would only they could do it to "their own countrymen" and not be accused of war crimes and still often manage to work a few rapes into the process. "Oh no one's forcing you to sell. They're just discontinuing all local utilites and shuttering every local business that's necessary to actually sustain life in your area." Hey in the case of a foreign conquest, after they're raping and pillaging you at least got a shot rebuilding an reorganizing your community most of the time. In corporate takeover your whole fucking county can get spread to the 4 winds and the subsequent poverty and suicide rates make a good old fashoined sacking and enslaving look downright merciful by comparison. Don't fucking kid yourself. What companies do to communities on a semi-regular basis actually ticks overs half the boxes on the U.N. definition of things that are considered genocide. And if you honestly don't grasp that corporations are fundamentally reshaping nations and cultures, basically causing people to rewrite their identities on fundamental levels, then you *really don't understand a DAMNED THING about what's been going on right in plain fucking sight since the dawn of civilization.*
Nah! Just go ahead and stew in your moral superiority if you want.
Now that's one rich Feller.
Isaac Rochester welcome to hell
You mean Rockefeller
Well played.
He must be stoned
Its spelt Fella.
Really werid how so many of the comments call him a Jew when he was actually a Baptist.
King Jon Starkgeryan Stop lying you Jew! (Sarcasm)
King Jon Starkgeryan the Rothschild's are Jew's
Yeah this comment section is cancer filled with stormfronters.
King Jon Starkgeryan said*
+The Unknown So by having jewish blood you'll automatically act differently from everyone else? There's a word for those who think like this.
Rockefeller wasn't the richest. Scrooge McDuck was.
Autistic Dolphin true
Autistic Dolphin Actually, according to Forbes, Santa Claus is. He's listed as having a literal infinite amount of wealth.
shao fen Kao Ah, hello, fellow North Korean!
The world's first trillionaire
Also wrong it was John Carnegie
I feel it is worth noting the companies that can say they were a part of Standard Oil at the time of breakup: Exxon-Mobil, Pennzoil, Chevron, Texaco, a very large portion of BP, Marathon Petroleum, and sections of Shell and Unilever. Yep, it was that damn big.
shell and unilever? what?
wasn't shell started by the Dutch and British?
@@mattschade1745 No the Dutch not the british
shell is a dutch company. unilever is a dutch british company. so no
Its an Anglo-Dutch company
My grandpa ran a oil company out of Tulsa and we have letters between him and Rockefeller.
My grandpa was very wealthy back in the day but sadly lost everything because of bad investments over time and a bad marriage.
RealRecognizeRealMusic what did Snr say? Sell or else?
RealRecognizeRealMusic well JD's great grandfather is a direct bloodline to myself, the name Rockefeller carrying all the way to my great grandmother
RealRecognizeRealMusic Look on the brightside if he didn't have a bad marriage you wouldn't be alive
RealRecognizeRealMusic interesting
bs
Instead of buying wood,he buys hes own Forest LOL
Justice Team - Minecraft Catching Hackers it's spelled his dumbass
so what, joe smith, so what
And instead of buying forest he buys a country and instead of buying a country he buys the whole planet
Watch when I do the same thing, all the trees burn down
When the government makes a law because you own too much of their money, you know you’ve made it
when your Corporation. There are no laws restricting peronal wealth, as long as you pay taxes
Government doesn't have any money to their name, they steal all of it
It amazes me that people think that government is the enemy and not the rich corporations that run the government behind the shadows
So teddy was all like : "What's Up Bitcheeees!"
Yes, that is exactly what happened.
WhisperingEntity He kept his rhymes pure, like his food and drugs.
#TedBestPres
Teddy was the best republican to ever hold the office of president (yes, I put him above Lincoln). What did he stand for?
> Breaking apart trusts and strengthening gov oversight and regulation on business.
> The preservation of natural parks, and betterment of the environment.
> Standing up to big oil & friends.
Truly the best of the republicans! Thank god we have a republican president now. He even stands for-
...
*Teddy screams silently from beyond*
If you look at 5:45 really hard, Roosevelt looks like the trollface.
WhisperingEntity i keep my rhymes pure like my food and drugs
If anybody wanted to know, I, Augustus, am worth 4.6 TRILLION dollars! (Inflation adjusted)
Imperator Caesar Divi Filius Augustus Et tu, Brute!
What a legend!
You dead tho
Imperator Caesar Divi Filius Augustus bring Roman empire back
Ferguson101 literally even 30% .. lol.. but the debt is an illusion.. theyre blowing money, and like this vid said they make more money for less costs , less taxes, wonder why the economy is fucked.
When in doubt! Buy a forest?...
So basically he was a legitimate business man who became too rich for the public and government's liking so they decided to make the Sherman Anti-Trust fund Act to bring him down. It broke up his company into 90 smaller ones but that only served to make him more rich. *slow clap*
Everyone wins????
yeah, because we all now know. Investment marketing is the most efficient way to get rich. Why own one company, have all the stress of running it and potential fail. When you can own a fuck ton of stocks from many different companies, never have to worry to much since you can just sell the stock when needed?
Logan Boyette right 😏
Learn a bit about what makes monopolies a drain on our economy.
you just summed up the problem with capitalism... thanks.
one persone just doing what is smart... what hes supposed to do... basically collapsing the system to a point where the state has no other option but to break him down to ensure a democracy does not turn into an oligarchy.... btw. obviously that plan failed. otherwise you would not have to be a billionaire to run for president.
Is it me or does he have a slight lisp during this? Not that it changes everything, at all, his voice is as soothing as always.
Aveeeno Maybe very, very slightly. I sometimes find that I also sound like I have a lisp when I talk too fast or lazy and I don't really care
Yeah I noticed it too. I wonder what was up, maybe he just had some kind of dentist appointment
I've noticed he's had a slight lisp in all of his most recent videos. I think it has something to do with his mic.
I noticed it too, I think it might have something to do with his mic
i hope he's ok; once I noticed it it bugged me too much to pay attention to the video
By being a greedy Jew.
Seek IV Veracity Shut up fake news.
Seek IV Veracity jokes on you my name is Sam so I cant be a anti-semite.
Khadar Knowledge quit mate, just leave them alone
Seek IV Veracity Never forget the millions of other people who died.
Khadar Knowledge Why dude?
Ahhh I had almost forgotten about pre cocaine Tyler
This is his brother Cody (alternatehistoryhub)
@@ifirmlydislikeeverything412 tyler writes the scripts
"single wack with his big stick" hah. clever. I'm glad I got that.
i don't
“Speak softly, and carry a big stick”. This is a Teddy Roosevelt quote in his approach to foreign policy.
if Cody replies to this I will drink water and post it.
Mr. McMeme DELIVAR PSSY
KnowledgeHub OK I'll do it
KnowledgeHub I did it
Mr. McMeme ecks dee
make this top comment
Rockefeller/Standard Oil: Now that our Monopoly is complete, and politicians bribed, no one can stop us now!!!
Teddy: Is that an impossible challenge you say?
Rockefeller/Standard Oil: NO TEDDY NO!!
TheNinjaDC Proof that monopolies are bad for business in the long run, breaking it up made the owner even richer.
Mog of War True
Roc: Now that our Monopoly is complete, and everyone can now have oil as cheap as dust, no one can stop us!
Ted: How could you benefit the poor by ruining the richest's man's alive??!!!
Roc: No, no, let me help the poor. End. < CORRECTED
Don't think Rockefeller minded, as it was said in the video, that made him even richer than before
Rockefeller: Hello, 88% of the market share?
Roosevelt: Monopoly machine broke.
Rockefeller: Understandable, I'll divide in 90 companies.
I don't think Rockefeller was evil, he was just a great business man who had a monopoly
in business you either win or you lose
When you play the game of capitalism, you either win or you die...
Damn guess Rockefeller’s boots taste good
Sunny shah Unless you live in the U.S. Instead of losing you get bailed out to lose again and again...
"I don't think he was evil, he just did evil shit" -you
*1273 DOWN TO ROCKEFELLER STREET*
I had to scroll down real far to find one of these...
I hope you eventually also cover the breakup of AT&T, as the story of the Bell System is oddly similar, and in my opinion, just as interesting. Not just being the only other company breakup of the size and scope of Standard Oil, but also because of its technological innovations that people are still debating if they could've still occurred without Ma Bell.
The comments of this video are:
10% Nice, genuine comments
30% Random things
60% People are saying he sounds weird.
I was enjoying the video, but the moment I heard the lisp it's all I could hear, it was very distracting.
Thunder Lisp? I don't hear it at all. Weird.
Thunder dang it I can hear it now.
what about the other 60%?
Andrew W century is 100 years, decade is 10 years and millennium is 1000 years. cent=100,deca=10 and mille=1000
Perception is always wrong. Until you can see something from the other individual's perspective along with "all" of the information that goes with it, you should never judge.
Great video!
Rockefeller Foundation financed my college in its founding years, the50s.
I study inthe middle of friggin' nowhere in Brazil!
That means that Rockefeller left his foundation so rich that they even funded a school of medicine in a city that had
hey cody just wanted to say ur dank af dude
thanks. you're pretty dank too
thank u for giving me all this knowledge as well its really useful :)
Hoars Isn't being dank great?
its excellent
i didnt
ever heard of a dank meme
ya like jazz?
*[Picture of a man with a very large nose rubbing his hands together smiling]*
Yesssssssss.. Excellent....*Mr.Burns intensifies*
Mr. Burns: "I love this video Smitters, Rockefeller was my biggest inspiration."
Igor from the persona series?
ThexXxXxOLOxXxXx WELCOOOME TO THE VELVET ROOOOOM...
ZylethX3N0 lol exacly xD
Getting people to lose their jobs and live in poverty while at the same time keeping them slightly comfortable with your "philanthropic" donations is kind of a monopoly on it's own.
no, he destroyed competition by lowering his prices, emwigh benefitted nearly everyone expect the competition, he probably hired more people than anybody else and he also is the pne that gave ford the gas wich ford needed for his cars to build america
it's kinda ✡✡✡ what they're knows fir 😂😂😂
@@mastershadowreaper What does Judaism have to do with it
this system is also known as vertical integration where one company for example a car company controls all production, like making every part themselves, and reassembling every part themselves. it is the opposite of outsourcing where instead a car company owning part production and assembling, they would but the parts and assemble them, or make the parts and sell it to be assembled.
3:05: Henry FLAGLER. He almost single handedly built my hometown of St. Augustine, Florida. Thanks to his part in the Florida East Coast Railroad, St. Augustine went from being quaint drinking village with a fishing problem into a winter haven for the most wealthy and elite in America. The entire downtown skyline is made up of buildings he erected in the late 1800s.
Hey I remember going to st Augustine like a year ago and I remember seeing the college that was named after him
“erected” 😂😂😂😂😂🤣🤣🤣🤣🤣😂😂😂🥲🥲😅😅😅😅😂😂😂😂😂😂😂😂😂🤣🤣🤣😨🤔🤔🤔🤔🤔🫣🫣🫣😢😢😢😩😩😩😭😭😭😭😭😭😭😭😭😭😭😭😭😭😭
@@nonkey74 Remember back when words like that were so funny to us? I can. But barely.
I want to be richest person to ever live by asteroid mining
infinity and above nice idea!
INERT Unless you control how much you spill into the market.
IF he dumps it on the market.
@INERT still don't see the problem
INERT making a huge assumption that he’ll do that
"What else would you do with all that money?"
*Stares at Jeff Bezos*
The first oil pump in America was in Titusville, PA, and it's still there(probably not pumping anymore), and I can still find remains of super old pumps all over the state. I live in Butler and almost every field has one in it:)
there are always 2 categories:
Richest man ever
Richest man in 'Murica
It's interesting coming back to this video after just finishing covering this topic in my school, we also studied other people who managed to get stupidly rich due to the current laisse faire government (government not messing w/ buissiness' affairs) those were Cornelius Vanderbilt, and Andrew Carnegie.
Nice video dude
Hey KnowledgeHub. How long does researching take in making these videos?
Mansa musa's wealth is heavily disputed, whilst some might cite him as the richest person to ever live, it is probable that his wealth is somewhat overestimated. Augustus's wealth comes mainly from the fact that he technically personally owned Egypt. but to cite Egypt's entire economy at the time as his personal wealth is not reasonable imho. Crassus I think has a better claim to being the richest Roman ever, a his wealth was owned by him directly. Also Jakob Fugger deserves a mention, as he may also have been richer then Rockefeller.
What about Pablo Escobar?
Pablo Escobar was only worth around $30,000,000,000 (USD)
only lol
Nico Bruin
Mansa Musa, not even close.
Mansa Musa was not heavily disputed. He had the most pure kind of money that couldn't me faked. He had gold which is the original currency and he had so much of it that he tanked the entire italian economy when he went their to spend it. he rode with hundreds of horses that carried his gold and a militia from various countries to protect him.
You should do a segment on how the working population lived in poverty and dive deep into the hardships they had to endure during the Gilded Age
I wish this channel kept making this type of content
Subscribed after watching this video, really a great job!
Rockefellers, nice people, they caused a war in my country because they wanted the oil (that doesn't exist) and forced Bolivia to invade Paraguay.
Matias Villagra and paraguay lost all of its men and fathers of children were replaced by europeans and they lost a huge hunk of land.
Who are they? Your peoples brains?
That sounds a bit like a conspiracy.
They control the world.
any evidence for that? i would be surprised
Billionaires view charity as an investment into public image.
Davie Donna They be giving away like 2-3 million when in reality that's like me donating a dollar
Ok, are you suggesting Rockefeller was worried about his image at age 16. Over the course of his life he gave away over half of everything he made, that's not public relations.
@@christianknickerbocker604 That's exactly what it is. The more you have, the greedier everyone thinks you are and the more you have to give to be seen as generous because when the layman sees you give away a hundred million dollars they think "must be nice", they don't think "what a nice guy".
You’re so deep
@@christianknickerbocker604 Well remember that "half of everything he made", while a crazy amount, didn't really amount to two much. Like, if you're a billionaire and lose half that money, you still have 500 million dollars.
That is like the perfect movie material. I imagine a movie with the tone of "the great gatsby"
I can’t believe this video is 2 years old.
How time flies
My Great-Grandfather was raised by the Rockefellers. His father was a carriage driver for the Rockefellers, and lived on their land. (For better context, my Great-Grandfather was the youngest of three, and their mother had died of TB.)
One day they came home to find their house had burnt down. The two older boys were able to help their dad work and stay in whatever temporary housing they had, I'm not sure where.
But my Great-Grandfather was too young and had no where to go. So John D. Rockefeller's wife, Laura, took my Great-Grandfather in and cared for him. He was raised alongside John D. Rockefeller Jr for several years, apparently the two were like brothers. No one is exactly sure what happened afterwards, those details were lost to time.
My Grandma has told me this story many times, it's very cool to me. I'm surprised about the amount of history my mother's side of the family has in Ohio, we've been here since the early 1800's and haven't really left. Meanwhile my dad's side just kinda plopped here one day.
Uhh Scrooge mcduck was the richest ever
Thatguy Man "I made it on the seas, and in the mines, and in the cattle wars of the old frontier! I made it by being tougher than the toughies, and sharper than the sharpies, and I made it square!"
Wasn’t Scrooge McDuck based off of Andrew Carnegie?
Greedy Greedy Jew
Little Fucker he will not you little bitch
He was a Baptist. Idiot
He was actually a Baptist.
Khadar Knowledge Commie
There's no evidence that Rockefeller is of Jewish descent, he's of English and German ancestries. He's gentile.
nice info vid!
This was so fascinating and could you do a series on modren business person like Buffet,Gates,Jobs, Zuckeberg and if they mirror 19th century tycoon and differ
John D. Rockefeller is now my hero after watching this
Lmao where are all these "Jew" comments coming from? He was a Baptist Christian.
RingWraith75
Where are all these "Baptist" comments coming from? He was a Buddhist.
Where are all these "capitalist " comments coming from? He was a Communist.
Where are all these "Communist " comments coming from? He was a Satanist.
Nick Burnett Lmao where are all these "Satanist" comments coming from? He was an exorcist.
I'm breaking the chain
>communist
>satanist
>exorcist
he was a jew.
Can I just say I'm learning about the first Industrial Revolution and around there in school and I sent my teacher like to videos by you because one was about Pullman and this one about Rockefeller you actually make learning super fun thank you very much
You are the best knowledge providing entertainment I wish u shall also reach the 5 million mark.Also the animation is amazing
*The richest american ever*
Jeff Bezos: “hold my beer”
He was worth almost twice as much as besos
@@MaxFung That can soon change
@@shi2rplays344 still waiting
@@MaxFung Elon Musk: $340B
You scrolling down the comments your my man
My handy man
Great video
0:00 🎶 *maybe we should sell out* 🎶
When you think about it, Rockefeller became rich by smart moves and his own wit. He worked hard to get from poor to rich.
2017: Insightful video about the life of an influential businessman from the past.
2020: MY GODDAM APPLE TV REMOTE SUCKS!
Did Cody develop some sort of a lisp or have I been hearing his other videos wrong
Do you have a lisp? I have never noticed it before...
Pablo Escobar was also a great philantropist, doesn't make him less of a criminal.
LReBe7 But the owner of the Chanel would argue that "at least Pablo gave to charity"
But Pablo sold cocaine. Rockefeller sold the legal product of refined oil
And Rockefeller donated over 500 million to charity about 90 billion in today's money. I'd like to see Pablo top that
Oh wait he can't he's dead
Oslo Da Pig
He still generates more money than you ever will
does he have a listhp
Nope, just this video
Are Cody and Tyler brothers? They have very similar voices.
Could you do a video on Andrew Carnigy?
DEFINITELY do a video on Carnegie!
"Let the good work go on. We must ever remember we are refining oil for the poor man and he must have it cheap and good." -John D Rockefeller
I like your objectivity, not casting him as definitely evil or good. Like most people, he did good things and bad things, not just one or the other. Conveniently, everyone judging has never wielded his financial power, so if you're the type to consider him evil, how well do you know yourself to say that you'd never be worse in his situation?
Remembering this when I’m older
Bill Gates: Hold my b-be... ah fuck.
You gotta admit though, he was a smart son of a bitch to buy everything that would cost him tons of money to ship it.
Me: *reads Rocketfeller*
Me: *hears Rocketfeller Street in the background*
SponsorBlock cuts the video perfectly so the script goes: "This video has been... Adjusted for modern inflation."
Lol
He was a business man, doing business.
I love this video even though I already knew all of this from The Men Who Built America
@Hello Joseph99, How are you doing?
Actually from what i remember that 300 B number did not come from inflation adjustment but rather by calculating how much a person today would worth if that person has the same percentage of wealth as Johm D has compared by the US GDP at the time. If i’m not mistaken John D’s wealth was around 1.5 percent ish of the US GDP, which leads to this number. I read on forbes that inflation adjusted his wealth would be in 30-40 B range, definitely less than that 300 mark.
Didn’t pay attention to this in school but here I am years later
did they tach about him
John D. Rockefeller is my buddy to the max. He is my friend to the friendly end. He is a nice friend. I like him fairly well.
The Rockerfeller's are one of the most evil families ever to have exist.
This Family effectively enslaved YOU, ME and everyone on the planet to their family's "Banking system" . Instead of your Government i.e. the US government creating money and issuing it out to the people, a Private Bank was given the "sole right" to print the Country's money... these "Banks" issue a dollar to you or me and expect $1.10 back for every one dollar note that we use. This effectively keeps everyone enslaved to these people or "indebted" to them FOREVER!!
These banks such as the Federal Reserve Bank is run by the Rockerfeller's, the Rothschild's, the Morgan's and several others.
BUT PLEASE PEOPLE, KEEP IDOLIZING THESE RICH FAMILIES FOR EFFECTIVELY ENSLAVING US ALL AND I HAVEN'T EVEN GOTTEN IN TO THE COUNTLESS ATROCITIES WORLD-WIDE THAT THESE PEOPLE ARE RESPONSIBLE FOR.
Ignorance isn't going to make the World a better place, but by all means please go ahead and bury your head back in the sand.
Last time I was this early Austria-Hungary existed
How do you spell the name of that king at the begin of the video?
please do the video on monopolies
so tell me If I'm correct
KnowledgeHub will use this style, but the main channel is going to use the old one?
k
Pretty much. It's gives each a distinct look.
Ah okay, I was wondering about that.
You've been a pal, but you know what they say: never mix business with friendship.
Do more videos about people like him!!Please
This man founded Standard Oil Company which split into 34 companies such as SOcal (Chevron) and Esso.
One word:
AMAZON
Richest guy as a whole, not just as an American.
I mean, in semi-modern times!
great courses plus is like the new Sugardaddy of these history channels.
The funny thing is the Sherman Anti-trust act actually (for a while) gave more power to guys like Rockefeller. A trust is specifically a group that controls multiple "companies" to create non-competition. The problem is it wasn't so obvious what is and what isn't considered a trust since you can argue anything that isn't exactly 100% of the market isn't one. The great thing about Sherman is it didn't say this only applied for large corporations, so they went after other groups the were creating non-competition... like worker's unions. Since unions were pretty much non-competition organizations (at least in the corporation's eyes) they went after and, they being less experienced in legal matters like such, were easily beaten in court by Rockefeller.
President Rockefeller
The richest man in 600 years came from a extremely poor family, now tell me capitalism does not work.
For one of the cost of thousands. Wow are u that stupid or do u really believe in what u say?
Went well for Rockefeller at the expense of everyone else. Wouldn't be capitalism without the billionaires getting everything and the public getting shafted.
My username is so obnoxiously long and there is absolutely nothing you can do about the matter Rich people dont steal from the poor; they simply make better financial decisions and invest in advantagous and consensual business deals. In fact, as stated, Rockerfeller sold oil for cheap anyways. Capitalism is fine.
Not everyone is going to have the opportunity to become a billionaire and have these business deals. People act like anyone can become a billionaire because of capitalism but that really isn't the case. There can only be so much room in the market and Rockefeller filled a spot. A great big spot.
My username is so obnoxiously long and there is absolutely nothing you can do about the matter not everyone needs to be a billionaire. Yes, not many insanely beneficial offers come around often, but everyone in america has the opportunity to live at least middle class. If you graduate highschool, get a job, and not have kids until you are financially stable, you are almost guaranteed to secure yourself and your family a better life. Everyones starting opportunity is equal, the outcomes arent.
No one:
Cody: makes this video
Jeff Bezos: *watches video* Dad?
Fun fact; The Sherman and Clayton Acts are still in place today, and accounting for assets it could’ve been used to break up the banks during the Great Recession. The last time it was used was 1984.
But still Carny>Rocky
so..."this company has great prices and service, lets only use them". "oh no, now they are a 'monopoly', lets break up this company that's done so great we love buying from them" wait, what?
jerlstif "this company has become awful but we can't buy from anyone else. Oops!"
A monopoly no longer has competition and can raise their prices to crippling levels in it's industry. This is EXTREMELY detrimental to the general public especially in an industry involving oil. A resource that the modern world couldn't exist without.
There Will Be Blood the film was actually based on Rockefeller, I think they since have tried to cover this up but it was the first thing mentioned when researching the film until recently.
Yo i just realized that knowledgehub has the most noticeable lisp i ever heard in my life