Standard Oil Co. of New Jersey v. United States

U.S. Case Law

221 U.S. 1 (1911), dissolved 34 companies controlled by John D. Rockefeller's Standard Oil Trust as constituting a monopoly in violation of the Sherman Antitrust Act. While in one sense the case was the high point of the “trust-busting” efforts of two presidents (see also Northern Securities Co. v. United States), in another sense it marked a turn toward a more conservative interpretation of the Sherman Act. Chief Justice Edward Douglass White promulgated the idea that a restraint of trade by a monopolistic business must be “unreasonable” to be illegal under the Sherman Act. White's failure, however, to define a “reasonable” restraint, coupled with the imprecise brevity of the Sherman Act, made subsequent antitrust decisions exceedingly difficult to predict.

Dictionary Entries Near Standard Oil Co. of New Jersey v. United States

standard of proof

Standard Oil Co. of New Jersey v. United States

standard other insurance clause

Cite this Entry

“Standard Oil Co. of New Jersey v. United States.” Merriam-Webster.com Legal Dictionary, Merriam-Webster, https://www.merriam-webster.com/legal/Standard%20Oil%20Co.%20of%20New%20Jersey%20v.%20United%20States. Accessed 16 Apr. 2024.

Love words? Need even more definitions?

Subscribe to America's largest dictionary and get thousands more definitions and advanced search—ad free!