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Its controversial history as one of the world's first and largest multinational corporations ended in 1911, when the United States Supreme Court ruled that Standard was an illegal monopoly. The Standard Oil trust was dissolved into 33 smaller companies; two of its surviving "child" companies are ExxonMobil and the Chevron Corporation .
In the United States and Canada, and to a lesser extent in the European Union, the modern law governing monopolies and economic competition is known by its original name — "antitrust law".
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 Rockefeller-Morgan Family Tree (1904), which depicts how the largest trusts at the turn of the 20th century were in turn connected to each other. A trust or corporate trust is a large grouping of business interests with significant market power, which may be embodied as a corporation or as a group of corporations that cooperate with one another in various ways.
Several people, mostly in the midwestern United States and near the East Coast of the United States, contributed to its design and evolution. By the 1970s, the false idea that the game had been created by Charles Darrow had become widely believed; it was printed in the game's instructions for many years, [ 5 ] in a 1974 book devoted to Monopoly ...
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 ...
In United States antitrust law, monopolization is illegal monopoly behavior. The main categories of prohibited behavior include exclusive dealing, price discrimination, refusing to supply an essential facility, product tying and predatory pricing. Monopolization is a federal crime under Section 2 of the Sherman Antitrust Act of 1890.
(Reuters) -The U.S. Department of Justice plans to issue an outline by December on what Alphabet's Google must do to restore competition after a judge earlier found the company illegally ...