The basis for breaking apart Standard Oil in 1911 was the
A)Clayton Antitrust Act.
B)Sherman Antitrust Act.
C)Celler-Kefauver Act.
D)Robinson-Patman Act.
E)Glass-Steagall Act.

Question

Quizplus · Accepted Answer

The basis for breaking apart Standard Oil in 1911 was the Sherman Antitrust Act, which was passed in 1890 to prevent monopolies and promote competition in the marketplace. The U.S. Supreme Court ruled that Standard Oil had violated the act by engaging in anti-competitive practices, such as using its size and influence to control prices and drive out competitors. As a result, Standard Oil was broken up into multiple smaller companies, which led to the diversification of the oil industry and increased competition.

The Basis for Breaking Apart Standard Oil in 1911 Was