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Standard Oil is the common name for a corporate trust in the petroleum industry that existed from 1882 to 1911. The origins of the trust lay in the operations of the Standard Oil Company (Ohio), which had been founded in 1870 by John D. Rockerfeller.
May 23, 2024 · Standard Oil (in full, Standard Oil Company and Trust) was an American company and corporate trust that from 1870 to 1911 was the industrial empire of John D. Rockefeller and associates, controlling almost all oil production, processing, marketing, and transportation in the United States.
May 23, 2024 · In 1882, Standard Oil Trust created a network of Standard Oil companies throughout the country, led by a board of trustees, where Rockefeller owned over one third of the certificates. By the late 1880s, Standard Oil controlled 90% of American refineries.
Dec 28, 2023 · In 1911 the U.S. Supreme Court ruled that Standard Oil Trust be dissolved under the Sherman Antitrust Act and split into 34 companies. Read more about it! The information in this guide focuses on primary source materials found in the digitized historic newspapers from the digital collection Chronicling America.
Apr 9, 2010 · In 1911, the U.S. Supreme Court found Standard Oil in violation of anti-trust laws and ordered it to dissolve. During his life Rockefeller donated more than $500 million to various...
United States, U.S. Supreme Court orders dissolution of the Standard Oil Trust. The Standard Oil Trust is broken into three dozen different companies, including the predecessors of Exxon, Mobil, Chevron, Marathon, and Amoco.
Jun 6, 2022 · Around the turn of the twentieth century, Big Oil was John D. Rockefeller's Standard Oil Trust. By 1904, the monopoly controlled 91% of the U.S. oil market and 85% of final sales.
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