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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. The trust was born on January 2, 1882, when a group of 41 investors signed the Standard Oil ...
May 23, 2024 · The Standard Oil Company and affiliated companies that were engaged in the production, refining, and marketing of oil were combined in the Standard Oil Trust in 1882. When did Standard Oil break up? Standard Oil broke up in 1911 as a result of a lawsuit brought against it by the U.S. government in 1906 under the Sherman Antitrust Act of 1890 .
The Standard Oil Trust. 1882: An attorney for Standard suggests a new corporate arrangement where the stockholders Standard’s group of companies transferred their shares to a single set of trustees who controlled all of the companies. In exchange, the stockholders received certificates entitling them to a specified share of the consolidated ...
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Chart detailing the history of some of the largest Standard Oil descendants; bold denotes extant corporations. Following the 1911 Supreme Court ruling that found Standard Oil was an illegal monopoly, the company was broken up into 34 different entities, divided primarily by region and activity.
In Standard Oil Co. of New Jersey vs. United States, 221 U.S. 1 (1911) (hereinafter referred to as “Standard Oil”), the Supreme Court of the United States held. that because Standard Oil was operating an unreasonable restraint of trade, it was an. illegal trust under the Sherman Anti-Trust Act of 1890.
The Complete History & Strategy of Standard Oil (Part II) We bring the epic saga of Standard Oil and John D. Rockefeller to a close (for now) with two of history's greatest second acts: Rockefeller's pioneering of modern philanthropy (and really modern life itself), and perhaps the single greatest shareholder value "unlock" of all-time in the breakup of Standard Oil.
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Jul 17, 2023 · Her 19-part exposé of Standard Oil’s backroom tactics came out between 1902 and 1904 and explained the oil industry’s machinations in easy-to-understand terms. It placed Tarbell among the best-known muckrakers of her day, and helped lead to the breakup of Standard Oil in 1911.
