What was the main reason for the dissolution of Standard Oil in 1911?
Bankruptcy
Natural disaster
Illegal monopoly
Voluntary breakup
Answer
In 1911, the U.S. Supreme Court ruled that Standard Oil was an illegal monopoly and ordered its dissolution. The company was broken up into 43 smaller companies, many of which still exist today as major corporations in the oil industry.
Fueling the Past: Unveiling the Secrets of Standard Oil (1870-1911)