The History of the Standard Oil Company

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The History of the Standard Oil Company
The History of the Standard Oil Company.jpg
Author Ida M. Tarbell
Country United States
Language English
Subject Standard Oil Company
Genre Non-fiction
Publisher McClure, Phillips and Co.
ISBN 978-0-486-42821-5
OCLC 12591113
LC Class 04035331

The History of the Standard Oil Company is a book written by journalist Ida Tarbell in 1904.[1]

Overview

The History of the Standard Oil Company was an expose of the Standard Oil Company, run at the time by oil tycoon John D. Rockefeller, the richest figure in American history. Originally serialized in 19 parts in McClure's magazine, the book was a seminal example of muckraking, and inspired many other journalists to write about trusts, large businesses that (in the absence of strong antitrust laws in the 19th century) attempted to gain monopolies in various industries.

The History of the Standard Oil Company was credited with hastening the breakup of Standard Oil, which came about in 1911, when the Supreme Court of the United States found the company to be violating the Sherman Antitrust Act. The subsequent decision splintered the company into 34 "baby Standards." The value of Rockefeller's shares rose after the breakup as the new companies had a positive development on the stock exchange.[2]

The original book was a two-volume hardcover set. An abridged paperback edition was released later.

References

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  2. Yergin, Daniel; The Prize; pp. 113; Simon & Schuster; 1991

External links


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