Gaining the Competitive Edge Monopoly:Complete control of aproduct or service Cartel: A looseassociation ofbusiness that...
The Standard Oil Trust John D.Rockefeller: Formed theStandard OilCompany Transported oil at alow cost=could setprices l...
 Trust: A group ofseveralbusinesses thatget togetherunder one groupof people (asingle managingboard) withoutmerging their...
Sherman Antitrust Act Outlawed anycombination ofcompanies that restrainedinterstate trade ofcommerce. Rarely enforced/va...
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Monopolies and trusts

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Excerpt From: Chapter 4 by Jenny Schlie on Jun 17, 2010

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Monopolies and trusts

  1. 1. Gaining the Competitive Edge Monopoly:Complete control of aproduct or service Cartel: A looseassociation ofbusiness that makethe same productExample: OPEC
  2. 2. The Standard Oil Trust John D.Rockefeller: Formed theStandard OilCompany Transported oil at alow cost=could setprices lower thancompetition Wanted to buy outcompetition=against the law
  3. 3.  Trust: A group ofseveralbusinesses thatget togetherunder one groupof people (asingle managingboard) withoutmerging theircompanies. Trusts limitcompetition
  4. 4. Sherman Antitrust Act Outlawed anycombination ofcompanies that restrainedinterstate trade ofcommerce. Rarely enforced/vaguewording Limited power of BIGBUSINESS19th-century political cartoon ofRockefeller, caricatured as "King of theWorld" sitting on a barrel of oil.(©Bettman/CORBIS)

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