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Standard Oil (Refinery No. 1 in Cleveland, Ohio, pictured) was a major company broken up under United States antitrust laws.. The history of United States antitrust law is generally taken to begin with the Sherman Antitrust Act 1890, although some form of policy to regulate competition in the market economy has existed throughout the common law's history.
United States (1911), which broke up the company based on geography, and contributed to the Panic of 1910–1911. United States v. American Tobacco Co. (1911), which split the company into four.
The Justice Department and FTC lost most of the monopolization cases they brought under section 2 of the Sherman Act during this era. One of the government's few anti-monopoly victories was United States v. AT&T, which led to the breakup of Bell Telephone and its monopoly on U.S. telephone service in 1982. [30]
Swift & Co. v. United States, 196 U.S. 375 (1905), was a case in which the United States Supreme Court ruled that the Commerce Clause allowed the federal government to regulate monopolies if it has a direct effect on commerce. It marked the success of the Presidency of Theodore Roosevelt in destroying the "Beef Trust". This case established a ...
Due to its popularity, it's often said that more Monopoly money -- $15,140 per game -- is printed each year than is printed of real U.S. paper money, but that's not true.
Roosevelt continued to launch antitrust suits in his second term, and a suit against Standard Oil in 1906 would lead to that company's break-up in 1911. [57] In addition to the antitrust suits and major regulatory reform efforts, the Roosevelt administration also won the cooperation of many large trusts, who consented to regulation by the ...
Over the course of the 1870s, the Standard Oil Company of Ohio acquired a monopoly on oil refining in the United States. [2] The Cleveland-based company was already among the largest refiners in the United States at the start of the decade, but it controlled only about four percent of the market. [2]
WASHINGTON (Reuters) -A U.S. judge ruled on Monday that Google violated antitrust law, spending billions of dollars to create an illegal monopoly and become the world's default search engine, the ...