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By the mid-1800s, the Qing Dynasty was plagued by all of these problems except
Initial Public Offering
The first sale of stock by a private company to the public, marking a transition from a private to a publicly traded company.
Wholly Owned Subsidiary
A company whose entire stock is held by another company.
Standard Oil
An American oil producing, transporting, refining, and marketing company. Established in 1870, it became the largest oil refiner in the world and was later divided due to antitrust laws.
Domestic Oil Market
The market that deals with the supply, demand, and pricing of oil within a country's borders.
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