This Date in History

May 15, 1911: Chief Justice Edward White issued the Supreme Court’s majority opinion upholding the dissolution of the Standard Oil Company. White agreed that the Standard Oil Company’s business practices did violate the Sherman Antitrust Act because they were anticompetitive and abusive. However, he muted the circuit court’s breakup plan for the company, allowing Standard Oil six months to spin off its subsidiaries instead of the initial three months mandated.Standard Oil Cartoon

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