![]() ![]() SO first modern corporation – legal entity with limited liability and bureaucratic structure.Standard Oil (SO) emerged as dominant firm – gained by cost reduction and aggressive but legal tactics.Early oil industry, highly competitive – many players.Rockefeller and the Combination of American Oil Pennsylvania, 1860-1890, the dominant oil producing region in the worldĬhapter 2 - "Our Plan": John D.Idea of switch-point, transition from whale oil to petroleum. ![]() Chapter 1 - Oil on the Brain: The Beginning Students are to read three chapters of the text - The Prize. The more we talk about these ideas and share our thoughts, the more we can learn from each other. You are encouraged to engage in these discussions. Online Lesson 1: The Rise of American Oil and the Competitive International IndustryĮach week an announcement is sent out in which you will have the opportunity to contribute questions about the topics you are learning about in this course. ![]() The Prize: Chapters 1, 2, & 3 (select sections) Specific directions for the assignment below can be found within this lesson. Please refer to the Course Syllabus for specific time frames and due dates. This lesson will take us one week to complete.
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