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Article: Standard Oil Company of New Jersey v. United States
- Article from:
- Dictionary of American History
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STANDARD OIL COMPANY OF NEW JERSEY V. UNITED STATES
STANDARD OIL COMPANY OF NEW JERSEY V. UNITED STATES,
221 U.S. 1 (1911), originated in 1906 when the federal government filed a suit against more than seventy corporations and individuals alleging a conspiracy to fix the production and price of oil in violation of the Sherman Antitrust Act of 1890. Upholding a 1909 federal circuit court opinion finding the Standard Oil Company to be "an attempt to monopolize and a monopolization under Sec. 2 of the Antitrust Act," in 1911 the Supreme Court compelled the cartel to ...