A US oil monopoly from the 19th century, founded by John D Rockefeller.
Largest oil company in the world at the time, has since broken into 4 smaller companies: Chevron, Exxon, Mobil and Amoco.
A corporate system in which corporations give shares of their stock to trustees, who coordinate the industry to ensure profits to the participating corporations and curb competition. Pioneered by Standard Oil, such business practices were deemed unfair, were moderated by the Sherman Antitrust Act (1890), and were finally abolished by the combined efforts of President Theodore Roosevelt and William Howard Taft and the sponsors of the 1914 Clayton Antitrust Act.
This 19th-century ideology focused on "Survival of the Fittest," positivism, and utilitarianism.
believing that the government should intervene as little as possible in the direction of economic affairs and let the people operate.
Time after reconstruction, "gild"-means to cover in gold, period was rich , yet tacky as far as people displaying their wealth, increased business efficiency