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The standard oil company of Ohio was organized in 1870, combining the oil refining and distribution operations of the Rockefeller brothers and others. Within 2 years, they had acquired control of most of the oil refineries in and around Cleveland. By 1882, standard controlled some 90 per cent of the production, refining, and distribution of ...

The passage of the Sherman act was motivated by public concern over trusts – dominant firms formed by merger in the great consolidation wave of 1895 – 1904. Many of the earliest landmark antitrust cases, in which courts gave content to section II of the Sherman act, involved dominant firms. Courts were bound by the language ...