U.S. vs. Standard Oil 1911

1
U.S. vs. Standard Oil 1911

• The combination of the defendants in this case
  is an unreasonable and undue restraint of trade
  in petroleum and its products moving in
  interstate commerce, and falls within the
  prohibitions of the act as so construed

2
Main Idea

• This was a case in which the Supreme Court of the
  United States found Standard Oil guilty of
  monopolizing the petroleum industry through a
  series of abusive and anticompetitive actions.

3
Point of View

• The court's remedy was to divide Standard Oil
  into several competing firms.
• The Government tried to eliminate monopolies
  because there was no competition.

4
Inferences/Outside Info

• The government sought to prosecute Standard Oil
  under the Sherman Antitrust Act.
• Over a period of decades, the Standard Oil
  Company of New Jersey had bought up virtually all
  of the oil refining companies in the United
  States.