The Dark Story of Standard Oil The Empire That Made Its Owner RICHER by Breaking Up

The Dark Story of Standard Oil: The Empire That Made Its Owner RICHER by Breaking Up On May 15, 1911, the Supreme Court of the United States ordered the largest company on earth to break itself into pieces. The newspapers called it the end of the oil trust. But the numbers tell a different story. The man at the top was worth about 300 million dollars on the day of the verdict and more than 900 million two years later. He heard the news on his own golf course and told his partner, a Catholic priest, to buy the stock. Before any judge said a word, a small-town woman with a notebook had already laid the whole empire out line by line, and her father had mortgaged the family home to stay out of it. Some of the pieces came back together in 1999. You have probably bought gas from one of them this month. It all started with a red notebook that cost ten cents. Chapters: 00:00 — The Verdict 02:25 — ACT I — THE RISE 06:25 — ACT II — THE FACADE 11:23 — ACT III — THE CRACK 16:45 — ACT IV — THE RECKONING 20:51 — ACT V — THE AFTERMATH Source Material Visual material used in this production is obtained from publicly accessible archives, including Wikimedia Commons and the Library of Congress. Copyright & Fair Use Notice This channel incorporates copyrighted material under the principles of Fair Use as recognized by U.S. law. Under Section 107 of the United States Copyright Act, certain uses of copyrighted works such as for analysis, commentary, educational purposes, research, and reporting are permitted without prior authorization from the copyright holder. Sources Standard Oil Co. of New Jersey v. United States (1911) — https://en.wikipedia.org/wiki/Standar... Reappraising Standard Oil, Cato Institute — https://www.cato.org/regulation/summe... The Woman Who Took on the Tycoon, Smithsonian — https://www.smithsonianmag.com/histor... South Improvement Company — https://en.wikipedia.org/wiki/South_I... Appeals court overturns 29 million fine on Standard Oil, UPI Archives — https://www.upi.com/Archives/1908/07/... #documentary #history #oldmoney #StandardOil