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Standard Oil is the common name for a corporate trust in the petroleum industry that existed from 1882 to 1911. The origins of the trust lay in the operations of the Standard Oil Company (Ohio), which had been founded in 1870 by John D. Rockefeller. The trust was born on January 2, 1882, when a group of 41 investors signed the Standard Oil ...
Henry Morrison Flagler (January 2, 1830 – May 20, 1913) was an American industrialist and a founder of Standard Oil, which was first based in Ohio. He was also a key figure in the development of the Atlantic coast of Florida and founder of the Florida East Coast Railway. He is also known as a co-founder and major investor of the cities of ...
04035331. The History of the Standard Oil Company is a 1904 book by journalist Ida Tarbell. It is an exposé about the Standard Oil Company, run at the time by oil tycoon John D. Rockefeller, the richest figure in American history. Originally serialized in nineteen parts in McClure's magazine, the book is a seminal example of muckraking, and ...
William Avery Rockefeller Jr. (May 31, 1841 – June 24, 1922) was an American businessman and financier. Rockefeller was a co-founder of Standard Oil along with his elder brother John Davison Rockefeller. He was also a part owner of Anaconda Copper, which was the fourth-largest company in the world by the late 1920s.
Purchased by Standard Oil in 1889, the company was originally founded in 1887 by a conglomeration of smaller Ohio oil producers. After the breakup, the company grew by purchasing the Transcontinental Oil Company in 1930. Not long after, the company created the brand name Marathon, renaming itself to Marathon Oil in 1962.
By 1880, two years before the trust officially came together, Rockefeller's companies controlled about 90% of the American oil market. In the decade following Standard Oil's founding, the price of ...
Standard Oil adapted by developing a European presence, expanding into natural gas production in the U.S., and then producing gasoline for automobiles, which until then had been considered a waste product. [81] Fear of monopolies ("trusts") is shown in this critique of Rockefeller's Standard Oil Company.
The History of the Standard Oil Company was listed as No. 5 in a 1999 list by New York University of the top 100 works of 20th-century American journalism. [128] Historian Doris Kearns Goodwin , in her book The Bully Pulpit , would call Tarbell's series on Standard Oil, "a landmark series that would affirm her reputation as the leading ...