Asked by Tamarrah' Haynes on Apr 25, 2024
Verified
The first company valued at a billion dollars in 1901 was
A) Standard Oil
B) Singer Sewing Machines
C) U.S. Steel
D) E. C. Knight Sugar Company
Standard Oil
An American oil producing, transporting, refining, and marketing company. Established in 1870 by John D. Rockefeller and partners, it became the largest oil refiner in the world and was later broken up due to antitrust laws.
U.S. Steel
An integrated steel producer with major production operations in the United States and Central Europe.
Billion Dollars
A unit of currency measurement equal to 1,000 million dollars, often used to denote significant economic, corporate, or governmental financial transactions.
- Learn about significant companies and legal cases that shaped the American industrial landscape.
Verified Answer
KC
Kayla Campbell STUDENTApr 28, 2024
Final Answer :
C
Explanation :
U.S. Steel became the world's first billion-dollar company in 1901, following its formation by financier J.P. Morgan through the consolidation of Carnegie Steel Company and several other steel and iron businesses.
Learning Objectives
- Learn about significant companies and legal cases that shaped the American industrial landscape.