John Sherman
The Standard Oil company was started in the year 1870 in Ohio. It was the largest oil refining in the world. It was started by John D. Rockefeller, William Rockefeller, Henry Flagler, Samuel Andrews, Stephen V. Harkness, and Oliver Burr Jennings.
The company would buy the companies that were competing with them and would either keep or sell them. They would also make secret deals with other companies to allow their prices to go down a lot more than the competition.
In 1890 the Sherman Antitrust Act was passed. It has been used to shut down monopolies that can harm their competitors
In the year 1911 the US Justice Department sued the Standord Oil company and divided it into 34 companies. If they hadn't done this the worth of the company might be over 1 trillion dollars today
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