A brief history of the famous Standard Oil vs. The United States legal case and discussion of its lasting implications.
Written in 2006; 1,698 words; 2 sources; MLA; $ 55.95
Paper Summary:
This paper briefly outlines the 1910 legal case, Standard Oil vs. The United States, describes the interpretation of anti-trust laws that the Supreme Courts offered in its ruling on the case and takes a look at the immediate and long-lasting effects this case has had on the oil industry. The paper also points out that, while these effects have been long-lasting and were the reason that the petroleum market has remained relatively competitive, there is evidence that the effects may be waning.
From the Paper:
"In Standard Oil v. The United States, 221 U.S. 1 (1910), several corporations and independent defendants were charged with being engaged in a conspiracy to restrain "the trade and commerce in petroleum, commonly called 'crude oil,' in refined oil, and in the other products of petroleum, among the several states and territories of the United States and the District of Columbia and with foreign nations, and to monopolize the said commerce" (Id. at 31). The conspiracy was alleged to have been formed by John D. Rockefeller, William Rockefeller, and Henry M. Flagler around 1870, and to have continued until the bill was filed."
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