At first before the anti monopoly laws came into play Rockefeller dominated the

At first before the anti monopoly laws came into play

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the end. At first, before the anti-monopoly laws came into play, Rockefeller dominated the market. However, after the Sherman Antitrust Act was established, Rockefeller was forced to break down his monopoly into independent companies. Interest groups realized that what he was doing was unjust and they came together to take him down. Corruption ended for Rockefeller. I personally ascribe to the dominance theory of business power. The Dominance Theory holds that inadequately restrained economic power is concentrated in large corporations and in the hands of a wealthy elite. I think that a business should strive to increase by whatever way possible even if that mean defying the social contracts. Rockefeller cared most about increasing the assets of his company by avoiding paying profit to anyone and the South Improvement plan. Also, as I mentioned earlier Standard Oil had a lot of control over its competitors. Rockefeller created a monopoly and changed the way society did business. When government controls were in place to restrain power, he found ways around them. References Hurst, M. (n.d.). Social Power Theories: Pluralist, Power-Elite & Marxist Models. Retrieved from Study.com: - theories-pluralist-power-elite-marxist-models.html Steiner, J. F., & Steiner, G.A. (2012). Business, Government, and Society: A Managerial Perspective: text and cases. New York, NY: McGraw-Hill Irwin.
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