1. Vindicating Capitalism: The Real History of the Standard Oil Company
- Author:
- Alex Epstein
- Publication Date:
- 09-2008
- Content Type:
- Journal Article
- Journal:
- The Objective Standard
- Institution:
- The Objective Standard
- Abstract:
- Who were we that we should succeed where so many others failed? Of course, there was something wrong, some dark, evil mystery, or we never should have succeeded!1 -John D. Rockefeller The Standard Story of Standard Oil In 1881, The Atlantic magazine published Henry Demarest Lloyd's essay "The Story of a Great Monopoly"-the first in-depth account of one of the most infamous stories in the history of capitalism: the "monopolization" of the oil refining market by the Standard Oil Company and its leader, John D. Rockefeller. "Very few of the forty millions of people in the United States who burn kerosene," Lloyd wrote,
- Topic:
- Government
- Political Geography:
- United States and New York