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This test consists of 5 multiple choice questions, 5 short answer questions, and 10 short essay questions.

Multiple Choice Questions

1. The only competition to Standard is what company?
(a) The Sun Oil Company.
(b) Chevron Corporation.
(c) Citgo.
(d) British Petroleum.

2. What happens when the Pennsylvania producers form their own plan?
(a) They slow production for Standard Oil.
(b) They invent new equipment.
(c) They end up burning the wells and destroying the equipment of non-cooperating members.
(d) They end up creating new wells.

3. Who owns the Russian operation?
(a) The Czar.
(b) The Roosevelts.
(c) The Chinese.
(d) The Nobel Brothers.

4. Do the refiners like the plan?
(a) No, they ignore it.
(b) Yes.
(c) No, they suggest another plan.
(d) No, they fight it.

5. By 1870, there is so much overproduction and falling prices that John D. begins to worry about what?
(a) His wealth.
(b) His health.
(c) His family.
(d) The economy.

Short Answer Questions

1. In what year does the economy enter into a downturn that lasts for six years?

2. Oil prices tumble and Rockefeller absorbs another group of failing competitors. They have to do this secretly for what reason?

3. They dissolve their partnership when and agree to auction the firm to the highest bidder?

4. At this time, John D. is also buying the New York refineries through who?

5. Big Bill continues to visit once or twice a year and John D. tolerates the visits for what reason?

Short Essay Questions

1. Describe the oil industry in the middle of 1880.

2. Describe the economy during the post Civil War period.

3. Describe what Rockefeller does to control those in transport.

4. Describe the formation and beginning of Standard Oil. What problems arise?

5. What is the Pittsburgh Plan? Why is it dissolved?

6. Describe the relationship between John D. Rockefeller and John D. Archbold.

7. How does John D. end up with control with the largest oil refinery in Cleveland?

8. What are the results of new oil discoveries in Pennsylvania?

9. Describe John D.'s success during the Civil War.

10. Who does John D. buy out in 1871? Describe this buy-out and John's motivations at this time.

(see the answer keys)

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