Why is John D. Rockefeller famous? A. He started as a low-paid iron worker in a mill and eventually became the founder of U.S. Steel Corporation. B. He owned several large banks and on one occasion loaned the U.S. government $62 million. C. He turned his small company, Standard Oil, into a giant that monopolized the oil industry. D. He borrowed $50 to buy stock in the Union Pacific railroad and ended up owning the company.

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Answer 1

Answer:

John D. Rockefeller is famous as He borrowed $50 to buy stock in the Union Pacific railroad and ended up owning the company. Thus the correct option is D.

Who was John D. Rockefeller?

John D. Rockefeller was born in 1839 founded the Standard Oil Company and went on to become one of the richest people in the world as well as a significant fundraiser.

He made an investment in a Cleveland, Ohio refinery in 1863 to enter the then-emerging oil industry. He founded Standard Oil in 1870, and by the early 1880s, it controlled around 90% of the railroads and refineries in the United States.

The Antitrust Act of Sherman of 1890 had the most impact on John D. Rockefeller.It made anti-competitive business activities illegal and mandated that the federal government look into and penalize companies.

Therefore, option D is appropriate.

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Answer 2

Answer:

Best wishes good luck Boy0

John D Rockefeller wa foumous because he went from rags to riches with his small oil company called standard Oil

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