Standard Oil Company was an American oil-producing, transporting, refining, and marketing company. Established in 1870 by John D. Rockefeller and Henry Flagler, it was the largest oil refiner in the world at the time. Standard Oil dominated the oil products market initially through horizontal integration in the refining sector, then, in later years through vertical integration. The company was an innovator in the development of the business trust and successfully streamlined production and logistics, lowered costs, and undercut competitors. "Trust-busting" critics accused Standard Oil of using aggressive pricing to destroy competitors and form a monopoly that threatened other businesses. Rockefeller ran the company as its chairman until retiring in 1897 but remained the major shareholder. Standard Oil’s history as one of the world's first and largest multinational corporations ended in 1911 when the U.S. Supreme Court ruled in a landmark case that Standard Oil was an illegal monopoly. With the dissolution of the Standard Oil trust into 34 smaller companies, Rockefeller became the richest person in modern history. Its successors, such as ExxonMobil, Marathon Petroleum, Amoco, and Chevron are still among the companies with the largest revenues in the world. The unique set offered here features an original 1870’s Standard Oil Company stock certificate as well as loan certificates from 3 of Standard Oil’s successors in the 20th century: Standard Oil of Indiana, Standard Oil of Ohio, and Standard Oil of New Jersey. These historic pieces would look great on the walls of any business office or boardroom and make an excellent gift for your favorite Captain of Industry.
The stocks will be housed in an archival quality acetate protective sleeve, ready for safe storage, display, or framing.
Stocks measure approximately 12 x 8 inches.
12 x 8