“Speculation in oil stock companies was another great evil ... From the first, oil men had to contend with wild fluctuations in the price of oil. ... Such fluctuations were the natural element of the speculator, and he came early, buying in quantities and holding in storage tanks for higher prices. If enough oil was held, or if the production fell off, up went the price, only to be knocked down by the throwing of great quantities of stocks on the market.”
Quote by Ida Tarbell
Author
Ida Tarbell
Ida Tarbell was an American author known for her investigative reporting on the Standard Oil Company. Her work, 'The History of the Standard Oil Company,' exposed the practices of the monopolistic corporation and had a profound impact on public perception of big business. more
You May Also Like
Source: All in the Day's Work: An Autobiography
“... the economic advantages of sobriety have never been doubtful.”
Source: New Ideals in Business, an Account of Their Practice and Their Effects Upon Men and Profits
“One of the permanent possessions of the human heart is the memory of its noble enthusiasms.”
“The only reason I am glad I am a woman is because I will not have to marry one.”