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1. www.britannica.com › money › Standard-OilStandard Oil | History, Monopoly, & Breakup | Britannica Money

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   Oct 10, 2024 · Standard Oil Company was incorporated in Ohioin 1870, but the company’s origins date to 1863, when John D. Rockefellerjoined Maurice B. Clark and Samuel Andrews in a Cleveland, Ohio, oil-refiningbusiness. Rockefeller bought out Clark in 1865, and Henry M. Flaglerbecame a partner in the venture in 1867.

2. fee.org › articles › the-myth-that-standard-oil-wasThe Myth That Standard Oil Was a “Predatory Monopoly”

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   Dec 26, 2018 · The theory that Standard Oil engaged in “predatory practices” and “exploited” consumers has prevailed in history books. Yet economist John S. McGee reviewed over 11,000 pages of trial testimony, including the charges brought by Standard Oil’s competitors. He concluded there was “little to no evidence” of wrongdoing, adding that “Standard Oil did not use predatory price cutting ...

3. archive.nytimes.com › learningMay 15, 1911 | Supreme Court Orders Standard Oil to Be Broken Up

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   May 15, 2012 · See all Historic Headlines ». 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 oil industry in the 1860s and in 1870, and founded Standard Oil with some other business partners. Mr.

4. sbnonline.com › article › rockefeller-boughtRockefeller bought out the competition, and not surprisingly ...

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   May 1, 2016 · The business move worked for Rockefeller, the subject of this month’s Uniquely Cleveland, and gave his Standard Oil Co. a corner on the market. By 1878 Standard Oil was refining 90 percent of the oil in the U.S. Standard Oil grew to be a behemoth and by 1911 was broken into 34 companies when the U.S. Supreme Court found it violated the Sherman Antitrust Act.

5. fee.org › articles › the-rise-and-fall-of-rockefellerThe Rise and Fall of Rockefeller - Foundation for Economic ...

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   Dec 3, 2016 · The Standard Oil did not eliminate competition – it eliminated unprofitable competitors. Despite Rockefeller’s looming shadow throughout the book, the author dedicates only one short chapter to the ascent of the Standard Oil from a single refinery to the world’s largest petroleum monopoly.

6. energyhistory.yale.edu › antitrust-and-monopolyAntitrust and Monopoly – Energy History - Yale University

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   The Standard Oil Trust grew to control around ninety percent of the refined oil in the United States. In 1890, anti-monopoly advocates struck back, passing the Sherman Antitrust Act, which barred monopolistic trusts and, more generally and somewhat vaguely, “restraints on trade.”. Reformers viewed choke points in the system, such as ...

7. People also ask

   Why did the Supreme Court dissolve Standard Oil Company?

   • 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 oil industry in the 1860s and in 1870, and founded Standard Oil with some other business partners. Mr.

   May 15, 1911 | Supreme Court Orders Standard Oil to Be Broken Up

   archive.nytimes.com/learning.blogs.nytimes.com/2012/05/15/may-15-1911-supreme-court-orders-standard-oil-to-be-broken-up/

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   What happened to Standard Oil Company?

   • As Ida Tarbell wrote in her History of the Standard Oil Company (1904), “You could argue its existence from its effects, but you could not prove it.” In 1892 the Ohio Supreme Court ordered the trust dissolved, but it effectively continued to operate from headquarters in New York City. John D. Rockefeller.

   Standard Oil | History, Monopoly, & Breakup | Britannica Money

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   Did Standard Oil 'exploit' consumers?

   • The theory that Standard Oil engaged in “predatory practices” and “exploited” consumers has prevailed in history books. Yet economist John S. McGee reviewed over 11,000 pages of trial testimony, including the charges brought by Standard Oil’s competitors.

   The Myth That Standard Oil Was a “Predatory Monopoly”

   fee.org/articles/the-myth-that-standard-oil-was-a-predatory-monopoly/

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   Who founded Standard Oil?

   • Lawrence P. Ames/Library of Congress John D. Rockefeller, the founder of Standard Oil, in 1909. Learn about key events in history and their connections to today. On May 15, 1911, the Supreme Court ordered the dissolution of Standard Oil Company, ruling it was in violation of the Sherman Antitrust Act.

   May 15, 1911 | Supreme Court Orders Standard Oil to Be Broken Up

   archive.nytimes.com/learning.blogs.nytimes.com/2012/05/15/may-15-1911-supreme-court-orders-standard-oil-to-be-broken-up/

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   Was Standard Oil a predatory monopoly?

   • But almost never has it been documented in practice. Take the case against Standard Oil, which is regarded today as textbook evidence of predatory monopoly power. In 1870, when it was in its early years, Standard Oil owned just 4 percent of the petroleum market. John D. Rockefeller, however, obsessed over improving efficiency and cutting costs.

   The Myth That Standard Oil Was a “Predatory Monopoly”

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   Is Standard Oil a disaggregated oil company?

   • Standard Oil’s disaggregated parts still constituted many of the largest and most important oil companies in the world, including Standard Oil of New Jersey (later Exxon), Standard Oil of California (Chevron), and Standard Oil of New York (Mobil). Cite this overview: Sabin, Paul.

   Antitrust and Monopoly – Energy History - Yale University

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8. www.masterresource.org › energy-historydevelopmentStandard Oil: A Centennial Evaluation (Part I: John D ...

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   May 16, 2011 · [Yesterday (May 15) was the 100th anniversary of the U.S. Supreme Court decision [Standard Oil Co. of New Jersey v. United States finding John D. Rockefeller’s company guilty of restraint of trade and monopolizing the petroleum industry. The court’s remedy was to affirm a lower court decree effectively dividing Standard Oil into several competing firmsdissolution of Standard Oil. This post