How did Standard Oil Company consolidate its position in the industry from 65438 to 0882?

1882 65438+ 10, Standard Oil merged with American oil refining enterprises to form a trust. The board of directors absorbed the shares of 72 oil refining enterprises through discount alliance and compulsory purchase. There are 9 members in the Committee, Rockefeller is the head of the Committee, and William, Fo Lagle and Ajibo are the main members. The board of directors evaluates the enterprises that operated in their own way in the past, reserves shares and voting rights on their behalf, and then issues trust certificates to prove this. Rockefeller and his gang controlled the Committee, not only owned the enterprise portfolio, but also managed the shares, which was even more handy to operate. 700,000 trust certificates were issued, but these four companies accounted for 460,000, almost two thirds of the total. This monopoly combination can also buy shares of other companies, which can be said to be a complete centralized system. Adding an oil refinery or abolishing an oil refinery is their supreme power.

David Watson, director of the Ohio Supreme Inspection Office, reported that Standard Oil Company violated the newly passed Sherman Monopoly banking Act, which prohibited all interstate alliances such as contract funds and foreign joint ventures. After a contest, Standard Oil Company lost, and Rockefeller had to order its headquarters to move to New Jersey. New Jersey advocates the principle of independence. It introduced an amendment to the Sherman Monopoly Prohibition Act, which was very beneficial to Rockefeller. In addition, from the geographical environment, it is also conducive to the export of products to Europe and Asia.

Rockefeller added $654.38 million+million to build an oil refinery in New Jersey. At this time, Standard Oil Company already had $6,543,800+million.

Originally, Ohio Standard Oil Company and Pennsylvania Oil Company occupied an important position, and now they have become refineries and regional sales companies. New york Standard Oil Company hosted by Rockefeller has 7.5 million funds and is a stronghold for overseas export.

New york Standard Oil Company changed its name one after another, and finally it was named Hu Mei. Capital10,000,000, Standard Oil Company of New Jersey revived, and its business scope expanded to mining, manufacturing, trade and commerce. In order to guarantee shares and bonds and make the enterprise's activities wider, Rockefeller expanded its assets to 1. 1 100 million yuan.

In this way, the status of standard oil as an oil group enterprise has been indestructible.