How Sherman’s Hammer Shattered Standard Oil: A Case Study

Registration ID: IJNRD_226363

Published ID: IJNRD2408132

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Krish Dhingra

Standard Oil, J.D. Rockefeller, Sherman Antitrust Act, Sherman's Hammer

Abstract On July 2, 1890, the United States instituted the Sherman Antitrust Act (SAA), and on May 18, 1911, the U.S. Supreme Court ruled to dissolve Standard Oil trusts in violation of this act. The SAA was the United States’ attempt to show the general public their stance on monopolies, of which Standard Oil was the most well-known. Over time, the Supreme Court would find Standard Oil in violation of the SAA for several different transgressions. These were known as the three periods of conspiracy, where John Davison Rockefeller and associates would create loopholes in the SAA that the U.S. government would take them to court over several times. The first of these periods was from 1870 to 1882, with the second from 1882 to 1899, and the third from 1899 to the time of the filing of the bill that inevitably led to the dissolving of the trust. In this paper, I will evaluate the decisions made by Rockefeller and others along with the developments that occurred during these conspiracy periods and will use a model to evaluate the efficacy of their judgement.

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Krish Dhingra (August-2024). How Sherman’s Hammer Shattered Standard Oil: A Case Study. INTERNATIONAL JOURNAL OF NOVEL RESEARCH AND DEVELOPMENT, 9(8), b414-b418. https://ijnrd.org/papers/IJNRD2408132.pdf

Volume 9 Issue 8, August-2024

Pages : b414-b418

Paper Reg. ID: IJNRD_226363

Published Paper Id: IJNRD2408132

Research Area: Commerce

Author Type: Foreign Author

Country: East Walpole, Massachusetts, United States

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