Evidence receipt / preference
Published · transcript-backedBen Gilbert: preference
22 Sept 2021 Acquired Standard Oil Part I
“I think that is the right way to frame the amount of money that was flowing through this one company at the time.”
Source trail
Everything needed to verify it.
- Speaker
- Ben Gilbert
- Attribution
- Verified speaker
- Claim type
- preference
- Recorded
- 22 Sept 2021
- Publisher
- Acquired
- Episode
- Standard Oil Part I
Transcript context
…Yeah. No, because the data source we pulled this from had dividends differently. Let's assume that Standard Oil's revenue represented something like 1% of America’s GDP. Probably a little bit shy, but something like that. I think that is the right way to frame the amount of money that was flowing through this one company at the time. Wow. That is a significant scale. I think the question that we wanted to ask on grading is, Standard Oil becoming a monopoly in this way versus if the industry were to have played out with the unfettered individual competition.…
Stored transcript either side of the excerpt. The highlighted words are the published quote; the surrounding text is unedited source, never generated.