15 Mai 1911 Jahr - Standard Oil Co. of New Jersey v. United States

Beschreibung:

A Supreme Court decision in which Standard Oil Co. of New Jersey was found to be monopolizing the oil industry. The federal government found the company to be violating the Sherman Antitrust Act, but there was dispute over whether Congress could deny acquisitions that would normally be legal, but put a strain on competition. Standard Oil had acquired almost the entire industry in the country, and was producing 20% of US refined oil. After a lengthy deliberation on the meaning of the phrase "restraint of trade" as mentioned in the Sherman Antitrust Act, the Court decided to dissolve Standard Oil into 34 separate companies, including modern-day ExxonMobil and Chevron.

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