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OpenStudy (anonymous):

The Cleveland Massacre was

OpenStudy (anonymous):

y the late 1860s, the formerly booming oil business was mired in a slump. Too many producers had thrown their hats into the game, and the refining capacity of Cleveland was triple the amount of oil being pumped. Through years of shrewd maneuvering, hard work, and good business sense, Rockefeller had forced his own partnership to the top of this unstable edifice. His was one of the few that wasn't losing money. Rockefeller had a new partner whom he trusted and related to much more than his old ones -- Henry Flagler. Flagler convinced Rockefeller to form a corporation which could take the offensive against their rivals. Before 1872, Rockefeller was just another prosperous businessman, not particularly well known in the public eye. Then in one swoop he bought out most of the Cleveland refiners and positioned himself for national control of the oil industry. His victory was so complete that opponents labeled it the "Cleveland Massacre".

OpenStudy (kohai):

Yeah, good job guys

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