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What happened to Standard Oil Company?
What did the Standard Oil Trust do?
Why did Standard Oil break up?
Why did the Supreme Court dissolve Standard Oil Company?
May 15, 2012 · On May 15, 1911, the Supreme Court ordered the dissolution of Standard Oil Company, ruling it was in violation of the Sherman Antitrust Act. The Ohio businessman John D. Rockefeller entered...
It ordered Standard to break up into 34 independent companies with different boards of directors, the biggest two of the companies being Standard Oil of New Jersey (which became Exxon) and Standard Oil of New York (which became Mobil).
In the largest and most visible anti-trust case in American history to date, the Standard Oil Company of New Jersey was ordered to divest itself of its 37 interlocking firms. An appeal to the Supreme Court was turned down.
The Federal government sued and in 1911 the Supreme Court agreed that in recent years (1900–1904) Standard had violated the Sherman Act (see Standard Oil Co. of New Jersey v. United States ). It ordered the Justice Department to come up with a plan to break up the trust.
Apr 16, 2019 · On Tuesday, the government asked a St. Louis federal court to end the 1911 decree, officially declaring it was finished breaking up Standard Oil.
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, Amoc
The Standard Oil Trust is broken into three dozen different companies, including the predecessors of Exxon, Mobil, Chevron, Marathon, and Amoco. 1914 Clayton Act tightens and clarifies federal antitrust regulation, including the review of mergers that might restrict market competition.
