The Sherman Antitrust Act led to the dissolution of the ________ monopoly.

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The Sherman Antitrust Act was enacted in 1890 to oppose the concentration of economic power in the hands of a few large corporations. It prohibited any contract, trust, or conspiracy in restraint of interstate or foreign trade and declared illegal any attempt to monopolize such trade. One such monopoly was the Standard Oil Company, which controlled more than 90% of oil refineries in the United States. In 1911, the U.S. Supreme Court found Standard Oil guilty of violating the Sherman Antitrust Act and ordered its dissolution into 34 smaller companies.

The Sherman Antitrust Act Led to the Dissolution of the ________