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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. Rockefeller.
4 days ago · Standard Oil, American company and corporate trust that from 1870 to 1911 was the industrial empire of John D. Rockefeller of the famed Rockefeller family, controlling almost all oil production, processing, marketing, and transportation in the United States.
Successors of Standard Oil. 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.
Nov 24, 2017 · In today’s chart, we look at the “fragments” of Standard Oil, and who owns these assets today. Monopoly Decision. At the turn of the 20th century, John D. Rockefeller’s Standard Oil was a force to be reckoned with. In the year 1904, it controlled 91% of oil production and 85% of final sales in the United States.
Apr 9, 2010 · John D. Rockefeller (1839-1937), founder of the Standard Oil Company, became one of the world’s wealthiest men and a major philanthropist. Born into modest circumstances in upstate New York,...
May 29, 2018 · In the decades after the Civil War this buzzing, frenetic activity formed the backdrop for the emergence of a new way of organizing business on an unprecedented large scale: the business trust. The instrument that devised this innovation was the Standard Oil Company, led by John D. Rockefeller. Growth.
The History of Standard Oil. Excerpt from The History of the Standard Oil Company. By Ida M. Tarbell. Published in book form in 1904. Writer and editor Ida M. Tarbell (1857-1944) was one of the first great female journalists in the United States.
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 the...
Jun 12, 2024 · This work explores how seven companies came to dominate the oil industry by the 1940s, after anti-trust laws forced Standard Oil into 34 different companies. Short histories of each of Seven Sisters are located in chapters three and four.
Dec 28, 2023 · While people were divided about whether monopolies were good for society, exposés by the muckraker Ida Tarbell detailing the company’s strong-arm practices against rivals, railroad companies and others eventually turned public opinion against it.
