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Showing results 1 – 8 of 8
Glossary Term – Event
Standard Oil organized
In Ohio, John D. Rockefeller’s Standard Oil company was incorporated.
Glossary Term – Event
Standard Oil Trust organized
John D. Rockefeller created Standard Oil Trust by trading stockholders’ shares for trust certificates. The trust was designed to allow Rockefeller and other Standard Oil stockholders to get around state laws prohibiting one company from owning stock in another.
Glossary Term – Organization
Standard Oil
The Standard Oil Company was established by John D. Rockefeller in 1870. By 1880, the company had grown into an empire, controlling about 90 percent of oil refining in the United States. In 1882, Rockefeller and the company’s trustees combined Standard Oil and other companies into the Standard Oil Trust. The merger created a complicated arrangement that allowed stockholders to avoid laws prohibiting various business practices. In 1911, the Supreme Court upheld a ruling forcing the company to dissolve under the Shemran Anti-trust Act of 1890...
Glossary Term – Person
John D. Rockefeller
John D. Rockefeller (1839–1937) was an American industrialist who organized the Standard Oil company in 1870. Rockefeller made his fortune through Standard Oil and related endeavors. He donated much of his wealth to philanthropic causes for education and research.
