The Standard Oil Company (ohio)

The Standard Oil Company (Ohio) was founded in 1870 by John D. Rockefeller. It quickly became one of the largest and most influential American companies in the late 19th and early 20th centuries. Standard Oil dominated the oil industry, controlling over 90% of the United States market at its peak. The company was known for its aggressive business tactics, which included vertical integration and forming trusts. In 1911, the U.S. Supreme Court ruled that the company violated antitrust laws and ordered its breakup into 34 smaller companies. Despite its dissolution, the legacy and impact of Standard Oil are significant in the history of American business and the petroleum industry.