Asked by
Dounia bassioni
on Oct 12, 2024Verified
The Standard Oil trust
A) was broken up in 1946.
B) was controlled by several foreign nations.
C) forced its rivals out of business.
D) was put together by the U.S.government.
Standard Oil
An American oil producing, transporting, refining, and marketing company. Established in 1870 by John D. Rockefeller and associates, controlling much of the oil industry in the U.S. until it was broken up in 1911.
Trust
A legal arrangement where one party, the trustor, gives another party, the trustee, the right to hold title to property or assets for the benefit of a third party, the beneficiary.
- Understand the historical context and impact of antitrust laws in the United States.
Verified Answer
KA
Learning Objectives
- Understand the historical context and impact of antitrust laws in the United States.