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Week 18 Check Up "TA) community of interests exists between railroads and the Standard Oil Company sufficiently strong for the latter to get any help it wants in making it hard for rivals to do business.The Standard owns stock in most of the great systems. It is represented on the board of directors of nearly all the great systems.and it has an immense freight not only in oil products, but in timber, iron, acids, and all of the necessities of its factories. It is allied with many other industries, iron steel, and copper, and can swing freight away from a road which does not oblige it. It has great influence in the stock market and can depress or inflate a stock if it sets about it.Little wonder that the railroads, being what they are, are afraid to "disturb their relations with the Standard Oil Companyl.)" Source: Ida Tarbell from The History of the Standard Oil Company, 1904 What problem is being described in this book excerpt? The scarcity of oil and other resources available for industrial use The dangerous conditions in iron, steel and copper mines The excessively expensive price of the Standard Oil Company's stock The unfair monopolization of trade by the Standard Oil Company

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Week 18 Check Up
"TA) community of interests exists between railroads and the Standard Oil Company sufficiently strong for the
latter to get any help it wants in making it hard for rivals to do business.The Standard owns stock in most of the
great systems. It is represented on the board of directors of nearly all the great systems.and it has an immense
freight not only in oil products, but in timber, iron, acids, and all of the necessities of its factories. It is allied with
many other industries, iron steel, and copper, and can swing freight away from a road which does not oblige it.
It has great influence in the stock market and can depress or inflate a stock if it sets about it.Little wonder that
the railroads, being what they are, are afraid to "disturb their relations with the Standard Oil Companyl.)"
Source: Ida Tarbell from The History of the Standard Oil Company, 1904
What problem is being described in this book excerpt?
The scarcity of oil and other resources available for industrial use
The dangerous conditions in iron, steel and copper mines
The excessively expensive price of the Standard Oil Company's stock
The unfair monopolization of trade by the Standard Oil Company

Week 18 Check Up "TA) community of interests exists between railroads and the Standard Oil Company sufficiently strong for the latter to get any help it wants in making it hard for rivals to do business.The Standard owns stock in most of the great systems. It is represented on the board of directors of nearly all the great systems.and it has an immense freight not only in oil products, but in timber, iron, acids, and all of the necessities of its factories. It is allied with many other industries, iron steel, and copper, and can swing freight away from a road which does not oblige it. It has great influence in the stock market and can depress or inflate a stock if it sets about it.Little wonder that the railroads, being what they are, are afraid to "disturb their relations with the Standard Oil Companyl.)" Source: Ida Tarbell from The History of the Standard Oil Company, 1904 What problem is being described in this book excerpt? The scarcity of oil and other resources available for industrial use The dangerous conditions in iron, steel and copper mines The excessively expensive price of the Standard Oil Company's stock The unfair monopolization of trade by the Standard Oil Company

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The problem being described in this book excerpt is the unfair monopolization of trade by the Standard Oil Company.

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## Step 1
The first step in solving this problem is to understand the context of the excerpt. The excerpt is from Ida Tarbell's book, "The History of the Standard Oil Company", published in 1904. The book is known for its detailed investigation into the business practices of the Standard Oil Company.

## Step 2
The next step is to analyze the content of the excerpt. The excerpt describes the Standard Oil Company's significant influence over various industries, including railroads, iron, steel, and copper. It also mentions the company's ability to manipulate the stock market and the railroads' fear of disrupting their relationship with the company.

## Step 3
The final step is to identify the problem being described in the excerpt. The excerpt does not discuss the scarcity of oil and other resources, the dangerous conditions in mines, or the expensive price of the Standard Oil Company's stock. Instead, it focuses on the company's monopolistic practices and its influence over various industries.
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