Today, Mobil 1 is the world’s leading synthetic motor oil brand; Detergent gasolines In 1968, Mobil was the first to develop detergent gasolines. The Standard Oil Company’s originated in 1863. [5] One review from the Economic Journal fixated on the monumental nature of Tarbell's work, stating that "it is difficult to write about Miss Tarbell's remarkable achievement without using language approaching the edge of hyperbole. Nowadays, the Standard Oil Company remains in pieces as it was broken apart into several different companies and subsidiaries. Yet Tarbell's work is more than simply a monumental piece of reporting; it is a deft, engrossing portrait of business in America--both its virtues and excesses. But opting out of some of these cookies may have an effect on your browsing experience. The Standard Oil Company argued that they were merely better than their competitors. These cookies will be stored in your browser only with your consent. Amoco, which was renamed from Standard Oil of Indiana and later acquired by BP, along with what was once known as Standard Oil of Ohio, is another. This website uses cookies to improve your experience. The Standard Oil Trust Agreement, signed by Rockefeller and nine other associates in 1882, states that companies involved in the agreement could be willfully created, dissolved, and divided. Rogers' success in the oil industry began with Charles Pratt in 1866, when he invented the process by which naphtha was separated from crude oil, making oil refining possible. We'll assume you're ok with this, but you can opt-out if you wish. It is an exposé about the Standard Oil Company, run at the time by oil tycoon John D. Rockefeller, the richest figure in American history. Critics accused Rockefeller … Sign in to check out Check out as a guest . John D. Rockefeller (1839-1937), founder of the Standard Oil Company, became one of the worlds wealthiest men and a major philanthropist. This category only includes cookies that ensures basic functionalities and security features of the website. [2], After her education and to accumulate writing experience, Tarbell began working at McClure's Magazine, where she wrote several successful series on historical figures. "Standard Oil's approach is a typical example of how large companies try to gain advantages and monopolies by utilizing their financial power and … Eventually, Tarbell uncovered a crucial piece of evidence proving that Standard Oil was rigging railroad prices and preying on its competition. 1857-06-18 Henry Clay Folger, American CEO of Standard Oil and founder of the Folger Shakespeare Library, born in New York City (d. 1930) 1857-11-05 Ida Tarbell, American muckraker (The History of the Standard Oil Company), born in Erie County, Pennsylvania (d. 1944) John D. Rockefeller Jr Born into modest circumstances in upstate New York, he entered the then-fledgling oil business in 1863 by investing in a Cleveland, Ohio, refinery. The government then sued the Standard Oil Company & Trust for violating the Sherman Antitrust Act of 1890. Initially it consisted of a single facility outside Whiting, Indiana, which refined oil intro products that people and business needed: axle grease for industrial machinery, paraffin wax … Her father, Franklin Tarbell, worked for Standard Oil and lived through what Ida called "hate, suspicion, and fear that engulfed the community." Sign up to receive the latest and greatest articles from our site automatically each week (give or take)...right to your inbox. By 1880, Rockefeller had bought out Clark, invited Henry M. Flager to join him, and operated the largest oil refineries in Cleveland. This agreement, which sat upon layers of legal paperwork and loopholes, In 1906, the United States Government became involved. We hope you enjoy this website. The Trust did so, becoming 34 separate and individual companies. Audi History: The Story Behind the Luxury Car Brand, History of Physical Therapy: From Service to Profession, Birmingham Alabama History: The Boomtown of Civil Rights, Mulan History: From Ancient China to Disney. In 1892, the Ohio Supreme Court even tried to dissolve the Trust. Jared Cummans Jan 30, 2015 In the early 1900s, Standard Oil was one of the largest names in the world. Add to Watchlist Unwatch. Despite its modest trappings, Standard possessed marketing acumen, outstanding products, an aggressive advertising philosophy and financial backing from its New York parent. Published in 1904, Ida Tarbell's The History of the Standard Oil Company exposed Rockefeller's monopolistic tactics to the public, eventually resulting in the company's dismantling in 1911. The item you've selected wasn't added to your cart. It was an exposé of the Standard Oil Company, run at that time by oil tycoon John D. Rockefeller the richest figure in America's history. The inspiration behind The History of Standard Oil Company was largely fueled by Ida Tarbell's childhood experiences. The History of the Standard Oil Company is a 1904 book by journalist Ida Tarbell. It is an exposé about the Standard Oil Company, run at the time by oil tycoon John D. Rockefeller, the richest figure in American history. Standard Oil's growth in wealth and power drew the awe of other corporations and the criticism of social critics, most notably muckraker Ida Tarbell, who wrote the scathing "History of the Standard Oil Company" in McClure's magazine in 1902. Any cookies that may not be particularly necessary for the website to function and is used specifically to collect user personal data via analytics, ads, other embedded contents are termed as non-necessary cookies. We've created informative articles that you can come back to again and again when you have questions or want to learn more! Standard Coal and Charcoal Company is founded by Irving Friedman offering customers superior quality Jeddo-Highland coal that burns longer with less ash. After a two year battle in the courtroom with over 400 witnesses, more than 1300 exhibits, and a full report of nearly 15,000 pages, the US Government won. In 1880, the Standard Oil Company controlled around 95 percent of. By 1880, Rockefeller had bought out Clark, invited Henry M. Flager to join him, and operated the largest oil refineries in Cleveland. By 1890, Standard Oil had control of about ninety percent of all the oil refineries within the United States. The first major industrial monopoly in the U.S., Standard Oil, in 1901, was the largest corporation in the country, and at its peak, controlled as much as eighty-five percent of oil refining in America. "[9], "Miss Tarbell Has the Distinction (political cartoon)". Publication date 1904 Topics Standard Oil Company Publisher New York : McClure, Phillips Collection kellylibrary; toronto Digitizing sponsor MSN Contributor Kelly - University of Toronto Language English. Before the interstate highway system was developed, Route 66 was the safest, fastest way to cross the western half of the country. Adding to your cart. It was during this time that the company went from a local Cleveland operation to a countrywide powerhouse. Standard Oil Company was incorporated in Ohio in 1870, but the company’s origins date to 1863, when John D. Rockefeller joined Maurice B. Clark and Samuel Andrews in a Cleveland, Ohio, oil-refining business. As the years went by Standard Oil’s grasp upon the oil market tightened. Many similar accounts followed Lloyd’s—the most definitive being Ida Tarbell’s 1904 History of the Standard Oil Company, ranked by a survey of leading journalists as one of the five greatest works of journalism in the 20th century.3 Lloyd’s, Tarbell’s, and other works differ widely in their depth and details, but all tell the same essential story—one that remains with us to this day. She began by interviewing Henry H. Rogers, one of her father's fellow independents who became one of Rockefeller's colleagues, as well as others close to the inner workings of Standard Oil, that included one of the founders Frank Barstow as well. During the 1870s and 1880s, Rockefeller sought to expand Standard Oil's influence. _____ The American Oil & Gas Historical Society preserves U.S. petroleum history. Also, Standard Oil of New York, which merged with Vacuum Oil, and later became Mobil. This is the full and complete digital version of both volumes, plus all appendices, illustrations, charts, tables, footnotes, index and fully hyperlinked. So careful is she in her facts, so sane in her judgements, that she seems to have reached the high-water mark of industrial history." Nowadays, the Standard Oil Company remains in pieces as it was broken apart into several different companies and subsidiaries. The government felt that The Standard Oil Company’s economic power was beginning to be excessive. It was during this time that the company went from a local Cleveland operation to a countrywide powerhouse. This website uses cookies to improve your experience while you navigate through the website. Today, they are known as Chevron but all started under the Standard Oil of California company. From 1870 to 1911, the Standard Oil Company and Trust held control of the United States’s entire oil production. In 1955, the Standard Oil refinery at Whiting, Indiana was one of the largest oil processing centers in the world. Starting in Chicago and ending Santa Monica, the "Main Street of America" came right though St. Louis, but not in the mostly straight lines we're accustomed to now. The subsequent decision splintered the company into 34 "baby Standards." The History of the Standard Oil Company is a 1904 book by journalist Ida Tarbell. The company was created and built by John D. Rockefeller and his associates. Immediately after the ruling in 1911, eight companies kept Standard Oil as a part of their name. The History of the Standard Oil Company: An Infographic. In the year 1904, it controlled 91% of oil production and … Her story, serialized by McClure's in 1902 and 1903, tells the history of John D. Rockefeller's company. Standard Oil Mast Yukon, OK on US 66. In 1870, Rockefeller founded Standard Oil Company, which eventually became a domineering monopoly in the oil industry. As such, The History of Standard Oil Company harbors great significance as a standard-bearer of modern investigative journalism. The Standard Oil Trust was formed in 1863 by John D. Rockefeller. The state of Ohio sued Standard Oil on the basis of this law, and in 1892 the company was forced to separate its structure into regional companies, such as Standard Oil of New Jersey, Standard Oil of Ohio, and Standard Oil of California (the branch with which Daniel deals in the film, and which in real life was led by H.M. Tilford, as in the film). The company was formed by John D. Rockefeller, Maurice B. Clark, and Samuel Andrews in Cleveland, Ohio. The company had its reach all across the United States and was headed by none other than famed entrepreneur John D. Rockefeller. Rockefeller bought out Clark in 1865, and Henry M. Flagler became a partner in the venture in 1867. [6], Though Standard Oil Company accrued more cumulative value after it was broken up, the exposure of what Tarbell described as immoral and illegal business became a striking symbol of the power of the press. John D. Rockefeller (July 8, 1839–May 23, 1937) was an astute businessman who became America’s first billionaire in 1916. These cookies do not store any personal information. 1920's Standard becomes the leading supplier of high quality coal throughout Bridgeport and Stratford. In 1870, he established Standard Oil, which by the early 1880s controlled some 90 percent of U.S. refineries and pipelines. You also have the option to opt-out of these cookies. Ok with this, but you can opt-out if you wish of quality... Company carries on today through various companies they previously owned Cleveland, Ohio Oil, Oil which... Ok with this, but you can opt-out if you wish the safest, fastest way to the... 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