A Classification of American Wealth
History and genealogy of the wealthy families of America - Sponsors


 Part 1 : Colonial and Mercantile America  Part 2 : America in the Gilded Age
 Part 3 : America in the Twentieth Century  Encyclopedia of American Wealth

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   Part II-Chapter 11 :  The Trusts  > Birth of the Standard Oil Company  :  Previous  1 - 2 - 3 - - 5 - 6 - 7  Next  

  Standard Oil acquisitions in New York and the Pittsburgh Plan 

after the South Improvement scheme was effectively dead, John D. Rockefeller and Henry M. Flagler devised their "Pittsburgh Plan", which foresaw the creation of a national refiners association (officially called the "Central Association of Refiners"), in which the Pittsburgh firms and leading refiners of the oil regions would join Standard Oil. The plan foresaw the creation of a refiner cartel with a central body, which would deal with railroads, oil producers and assign refining quotas to

 

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