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

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   Oct 10, 2024 · The company’s origins date to 1863, when Rockefeller joined Maurice B. Clark and Samuel Andrews in a Cleveland, Ohio, oil-refining business. In 1865 Rockefeller bought out Clark, and two years later he invited Henry M. Flaglerto join as a partner in the venture. By 1870 the firm of Rockefeller, Andrews, and Flagler was operating the largest ...

2. historyincharts.com › the-legacy-of-the-breakup-ofExamining the Breakup of Standard Oil (with Chart)

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   Feb 24, 2021 · Standard Oil Breakup. As a result of the growing discontent of the monopoly-like power, a federal lawsuit was filed against Standard Oil under the Sherman Antitrust Act in 1906. After Standard appealed the unfavorable result, the Supreme Court upheld the decision in 1911. The decision required the company to dissolve as a single entity.

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4. marketrealist.com › p › what-happened-to-standard-oilWhy John Rockefeller’s Standard Oil Split Into 34 Companies

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   Oct 26, 2021 · Oct. 26 2021, Published 1:26 p.m. ET. Source: Unsplash. John Rockefeller, the patriarch of the wealthy Rockefeller family, teamed up with several associates to build Standard Oil. For many years ...

5. archive.nytimes.com › learningMay 15, 1911 | Supreme Court Orders Standard Oil Company to ...

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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.

6. 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 Rise and Fall of Rockefeller. The story of John D. Rockefeller and the Standard Oil trust is one of the most controversial in business history. A little over a century ago, the United States found themselves in the grip of a vicious monopoly that not only controlled the petroleum market and held its consumers hostage, but also endangered ...

7. www.encyclopedia.com › standard-oil-companyStandard Oil Company - Encyclopedia.com

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   May 29, 2018 · The historic 1911 decision broke up Rockefeller's company into six main entities: Standard Oil of New Jersey (Esso, now Exxon), Standard Oil of New York (Socony, now Mobil), Standard Oil of Ohio, Standard Oil of Indiana (now Amoco, part of BP), and Standard Oil of California (now Chevron). Rockefeller remained nominal head of Standard Oil until 1911, but by 1895 he had surrendered more and ...

8. People also ask

   When did Rockefeller start his oil business?

   • Rockefeller entered the oil business in 1860s. In 1870, he formed Standard Oil together with Henry Flagler. He built Standard Oil into a sprawling empire engaged in refining, distributing, and marketing of oil products. The company produced most of the lamp kerosene sold in the U.S. and around the world.

   What Happened to John Rockefeller’s Standard Oil? - Market Realist

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   Did Rockefeller own Standard Oil Company?

   • John D. Rockefeller. In 1899, however, the company renamed its New Jersey firm Standard Oil Company (New Jersey) and incorporated it as a holding company. All assets and interests formerly grouped in the trust were transferred to the New Jersey company. One of Standard Oil Company's first tank wagons. Credit: Bettmann—Bettmann/Getty Images

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

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   How did Rockefeller influence the oil industry?

   • In 1882, Mr. Rockefeller joined with his partners to create the Standard Oil Trust, which controlled a large number of companies that allowed Standard to control refining, distribution, marketing and other aspects of the oil industry. Standard eventually gained control of nearly 90 percent of the country’s oil production.

   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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   When did Rockefeller buy Clark Oil Company?

   • In 1865 Rockefeller bought out Clark, and two years later he invited Henry M. Flagler to join as a partner in the venture. By 1870 the firm of Rockefeller, Andrews, and Flagler was operating the largest refineries in Cleveland, and these and related facilities became the property of the new Standard Oil Company, incorporated in Ohio in 1870.

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

   www.britannica.com/money/Standard-Oil

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   How did Rockefeller's oil empire end?

   • Rockefeller’s oil empire came to an end after the U.S. Supreme Court ruled that it was an illegal monopoly. Before the court stopped Standard Oil, it cut details for railroad transportation discounts that rivals thought weren't fair. The empire split up into 34 independent companies.

   What Happened to John Rockefeller’s Standard Oil? - Market Realist

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   Did Rockefeller own ExxonMobil?

   • He was the largest shareholder in the business. After Standard Oil broke up, Rockefeller continued to own stakes in the smaller companies that resulted from the split. In 2016, the Rockefeller family announced that it was exiting the oil business and selling its stakes in oil companies like ExxonMobil.

   What Happened to John Rockefeller’s Standard Oil? - Market Realist

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9. 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 ...