Standard Oil Co. v. United States

Standard Oil Co. v. United States was a landmark Supreme Court case in 1911 that addressed monopolistic practices. The government accused Standard Oil of using unfair methods to dominate the oil industry, stifling competition and harming consumers. The Court ruled that Standard Oil was indeed a monopoly and violated the Sherman Antitrust Act. As a result, the company was broken up into smaller companies, promoting fair competition in the market. This case set a precedent for antitrust laws in the United States, underscoring the importance of preventing monopolies to ensure a competitive economy.