Which of the Following Is True of the Pennsylvania Oil

question 33

Multiple Choice

Which of the following is true of the Pennsylvania oil rush?

• A) In terms of economic importance, it outweighed the California gold rush of a decade before.
• B) It gave J. Pierpont Morgan his start in business and helped establish him as a tycoon.
• C) It ended the monopoly in petroleum production that Oklahoma had enjoyed for half a century.
• D) It had little impact on everyday tasks because oil could not yet be refined for cooking and heating.
• E) It illustrated to many Americans that a dependence on oil might prove problematic in the future.

---

Definitions:

Federal Law

Legislation that has been passed by the United States Congress and applies nationwide.

Express Contract

A contract in which the terms of the agreement are explicitly stated verbally or in writing.

Implied Contract

a contract formed by the actions, behavior, or circumstances of the parties involved, rather than written or spoken words.

Void Contract

A contract that lacks legal validity, making it unenforceable and as if it never existed from the onset.