![]() ![]() Rockefeller argued that corporate combinations had become a necessity in order to operate in an increasingly complex, international economy, and that Congress should seek to regulate and control industrial combinations rather than eliminate them. In this written response to a Congressionally-authorised Industrial Commission investigating trusts and combinations, Rockefeller articulated the business rationale for industrial combinations. Corporations like Rockefeller’s Standard Oil, they argued, eliminated competition and left consumers vulnerable to corporate speculation and abuse. Thus, farmers produced more than consumer demand, and prices fell to a point that farmers. Critics claimed that industrial combinations consolidated wealth and power in the hands of corporate tycoons. It was the age that amassed fortunes for John D. In a pure sense, the goal of any capitalist is to make money. Rockefeller in this cartoon which appeared in The Verdict, a partisan magazine of the day. Rockefeller’s oil empire came under intense scrutiny as the American public questioned the social benefit of trusts. 'What a Funny Little Government' Cartoonist Horace Taylor pokes fun at John D.
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