Media Asset
Author:
Murray N. Rothbard
Online Publish Date:
Petroleum entered the industrial scene in 1859 with John D. Rockefeller’s hard work. As the first manufacturing corporation, Standard Oil created a monopoly in kerosene refining by buying others out. A huge drop in the price of fuel followed, benefiting consumers, due to production efficiencies. Rothbard, then, discusses pietists, prohibitionists