Random Reminiscences Excerpt from Random Reminiscences of Men and Events By John D. Rockefeller Published in 1909 John D. Rockefeller (1839-1937) was the founder and driving force behind the Standard Oil Company, one of the largest corporations of the...

Standard Oil was a predominant integrated oil producing, transporting, refining, and marketing company. Established in 1870, it operated as a major company trust and was one of the world's first and largest multinational corporations until it was...

Chicago banker and oil executive John E. Swearingen, who led Standard Oil Co. of Indiana to become the sixth-largest U.S. company, died at a Birmingham hospital. He was 89.Swearingen died of pneumonia Friday at Brookwood Medical Center, according to his wife, Bonnie Bolding Swearingen. She...

President Evo Morales called capitalism the "worst enemy of humanity" at a conference of Latin American leftist intellectuals on Tuesday.A coca-growers' union leader who became Bolivia's first Indian president, the leftist Morales has nationalized oil and natural gas resources as part of his effort to...

She speaks with the fervor of a woman possessed. In the cadence of a grange hall auctioneer, Laurie Flori jabs a finger at each house on her street, every one ordered from Sears, Roebuck and Co."That's a Carlin," she pronounces. "That's a Whitehall. That's a...

Harry and Billy Macklowe are so busy. Two months ago, they more than doubled their New York portfolio with a $7 billion buy from Blackstone. And now here comes their next prize. We already know that the Macklowes are planning something at the...

Whether Standard Oil was a monopoly or not, the more important question to economists is, were the practices of the Standard Oil Company efficient and did it hurt the social wealth of the country? The government's enforcement of the Sherman Antitrust Act on Standard Oil hurt the country's social wealth and efficiency.