Common
Standard Oil Co. of New Jersey v. United States
1911 U.S. Supreme Court case
Standard Oil Co. of New Jersey v. United States
Standard Oil Co. of New Jersey v. United States, 221 U.S. 1 (1911), was a landmark U.S. Supreme Court decision that ruled that John D. Rockefeller's petroleum conglomerate Standard Oil had illegally monopolized the American petroleum industry and ordered the company to break itself up. The decision also held, however, that U.S. antitrust law bans only "unreasonable" restraints on trade, an interpretation that came to be known as the "rule of reason".
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