The Standard Oil dissolution in 1911 was a result of which antitrust act?

The Standard Oil dissolution in 1911 was a result of which antitrust act?

• A. Sherman Act
• B. Clayton Act
• C. Federal Trade Commission Act
• D. Interstate Commerce Act

Answer: (A)

Antitrust laws target monopolies and practices that restrain competition. In 1911, the Standard Oil case was decided under the Sherman Antitrust Act of 1890, which bans monopolization and restraints of trade. The Supreme Court ruled that Standard Oil had illegally monopolized the petroleum industry and ordered it to be dissolved into several independent companies. The other acts came later: the Clayton Act (1914) strengthened those rules against specific practices, the Federal Trade Commission Act (1914) created a body to enforce antitrust laws, and the Interstate Commerce Act (1887) dealt with railroads and interstate commerce rather than monopolization in oil. So the dissolution was accomplished under the Sherman Act.

Antitrust laws target monopolies and practices that restrain competition. In 1911, the Standard Oil case was decided under the Sherman Antitrust Act of 1890, which bans monopolization and restraints of trade. The Supreme Court ruled that Standard Oil had illegally monopolized the petroleum industry and ordered it to be dissolved into several independent companies. The other acts came later: the Clayton Act (1914) strengthened those rules against specific practices, the Federal Trade Commission Act (1914) created a body to enforce antitrust laws, and the Interstate Commerce Act (1887) dealt with railroads and interstate commerce rather than monopolization in oil. So the dissolution was accomplished under the Sherman Act.