How the antitrust law came to be

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Standard Oil's dominance of the oil industry led to calls for antitrust legislation in the late 19th century. John D. Rockefeller had grown Standard Oil into a monopoly that controlled around 90% of the refining industry in the United States by using aggressive pricing and acquiring competitors. In 1911, the Supreme Court ruled that Standard Oil had to be broken up due to its violations of antitrust laws.

8/6/2018 ED_Standard Oils Refinery in Richmond,California,USa_Corbis.jpg (399×202)
https://sites.google.com/site/davidbaerattorney/_/rsrc/1526967568232/blog/How-The-Antitrust-Law-Came-To-Be/ED_Standard%20Oils%20Refine… 1/1

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