The revenues from salt taxation of salt slowly exceeded half of tax revenues within a few years of its inception, and by 1300 AD, it was creating 80% of all tax revenues in China. The enfranchising of licensed merchants enabled the imposition of the policy even to the further reaches of the nation. Since the government controlled all major salt productions, the Tang dynasty was able to maintain th virtual monopoly on the salt trade, and benefited greatly from allocating licensed producers and licensed merchants. Salt was essential for its nutritional and preservational values. After a peasant revolution, the land tax revenues fell in China and salt commission was created in 758 (based on Guanzi, a book written in 3 rd century BC book which proposes various salt taxation methods) to intensify the taxation of salt.
![monopoly examples monopoly examples](https://image.slidesharecdn.com/monopoly-inmicroeconomics-120716035542-phpapp01/95/monopoly-in-microeconomics-1-728.jpg)
In Tang China, (618-907 AD), the Salt Commission is one of the most influential agencies. The real competition began only years later when Rockefeller’s heirs sold the inherited shares. still controlled all those smaller companies. In 1911, the corporate behemoth was divided into smaller companies (which included many currently famous oil companies Amoco, Texco, Exxon, Chevron) but the monopoly wasn’t broken because the old John D.
![monopoly examples monopoly examples](https://i0.wp.com/tutorstips.com/wp-content/uploads/2020/12/Monopoly-Market-Definition-and-Characteristics-min.png)
That same year, the Congress passed the Sherman Antitrust Act - the source of all American anti-monopoly laws – which was used two years later against Standard Oil. In 1882, all of Standard Oil’s properties were merged into the Standard Oil Trust, and by the end of the decade (1890), it controlled 88% of the refined oil flows in the United States. Formed in 1870 mainly by John D., who had already made a substantial fortune by commodities trade during the Civil War, Stanford Oil incorporated oil producing, transporting, refining, and marketing into one single behemoth which grew both vertically and horizontally (purchase of producers and distributors). Rockefeller, presided over an oil monopoly a century before the Middle East sheiks do.
![monopoly examples monopoly examples](https://slideplayer.com/slide/2572827/9/images/6/Monopoly+Examples+Public+Water%2C+Post+office+Number+of+Sellers+One.jpg)
They achieved something some governments dare not dream: power, influence and enduring legacy: No matter how they rose (and fell), these monopolies gained more than money. In some instances, states sponsored it, in some, the nature of the market promulgated it. Some used shrewd business decisions, some illegal practices.