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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. The trust was born on January 2, 1882, when a group of 41 investors signed the Standard Oil ...
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.
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.
May 29, 2018 · The already gigantic company was growing at such an remarkable pace that it alarmed the "muckraker" expos é journalists of the late nineteenth century, like Ida Tarbell (1857 – 1944), who denounced Standard Oil as an "octopus," or a monopoly, strangling the forces of competitive capitalism, ruining the small businessman, and trampling on the rights of labor.
Sep 13, 2024 · Published/Created: 1975. 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. Standard Oil by Scott Benjamin; Wayne Henderson.
Apr 9, 2010 · John D. Rockefeller (1839‑1937), founder of the Standard Oil Company, became one of the world’s wealthiest men as America's first billionaire and a major philanthropist.
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Standard Oil was a predominant American integrated oil producing, transporting, refining, and marketing company. Esta-blished in 1870 as an Ohio corporation, it was the largest oil refiner in the world and operated as a major company trust and was one of the world's first and largest multinational corporations until it was broken up by the United States Supreme Court in 1911.
