![]() ![]() Ron Chernow's thoughtful biography Titan: The Life of John D. ![]() Rockefeller, Sr., who outwitted his competitors in the oil refining business and obtained close to 90 percent of the American market, becoming the world's first billionaire in the process. One figure who thrived in this atmosphere was John D. In many cases, single figures all but eradicated the competition and exerted what some considered an undue influence over the market of a particular commodity. The "second industrial revolution" surpassed the textile factories of England in bringing consumers large quantities of useful commodities at affordable prices, and producers had either to adapt to the new economy of mass production or sell to larger producers. Historians studying the economic developments of the Gilded Age open themselves to questions about the proper methods of business that have never been comfortably resolved. ![]()
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