Standard Oil
Standard Oil (1863 - 1911) was a large integrated oil producing, transporting, refining, and marketing organization. It was founded by John D. Rockefeller (1839-1937) and partners in 1863, with the plan of making kerosene, which was sweeping the home lighting market, supplanting the commonly used whale oil (blubber). Borrowing heavily to expand his business, Rockefeller drew five big refineries including the business concern of Henry Morrison Flagler into one large firm, Rockefeller, Andrews & Flagler. By 1868 Rockefeller and Company headed Standard Oil of Pennsylvania, based in Pittsburg, one of the world's largest oil refining concerns.
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~ Table of Content ~
| ► | Introduction |
| ► | The founding of Standard Oil |
| ► | Monopoly |
| ► | The antitrust breakup |
| ► | Successors |
| ► | Related articles |
| ► | External links |
| ► | References |
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