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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.
The company survived the Great Depression which finished off half of US independent truck companies. Most of their business during this period was repairs and spares. [ 9 ] However, in 1938 the US Navy cancelled a large order which led to the collapse of the company and it was wound up in 1939.
The Panic of 1910–11 was a minor economic depression that followed the enforcement of the Sherman Antitrust Act, which regulates the competition among enterprises, trying to avoid monopolies and, generally speaking, a failure of the market itself. [1]
Due to the downturned economy, jobs were scarce and Black men were a huge target of the lay-offs, making up a large population of the unemployed during the Depression. Black folks were also still unable to vote at this time in the Jim Crow south, meaning Black families were facing immense compounding pressures.
Ohio, Indiana, and Illinois were agricultural states, and the good crops of 1837 were a relief to the farmers. In 1839, agricultural prices fell, and the pressure reached the agriculturalists. [19] Within two months the losses from bank failures in New York alone aggregated nearly $100 million.
11. Thurn and Taxis Mail. The private company operated postal service back in the 1800s and enjoyed a monopoly on postal services. The company's dominance came to an end after Prussian victory ...
Front page of the National Industrial Recovery Act, as signed by President Franklin D. Roosevelt on June 16, 1933. The National Industrial Recovery Act of 1933 (NIRA) was a US labor law and consumer law passed by the 73rd US Congress to authorize the president to regulate industry for fair wages and prices that would stimulate economic recovery.
This year marks the 80th anniversary of D-Day on June 6, 1944, in Normandy, France. There were more than 20,000 casualties that day from both sides.