Economy
Breaking up Standard Oil left Rockefeller owning pieces of its successors.
HERE’S THE INTERESTING PART
Breaking up Standard Oil left Rockefeller owning pieces of its successors. The 1911 antitrust breakup created 34 companies, but his ownership did not simply disappear. As the successor shares gained value, the breakup helped increase his fortune—splitting the company was not the same as taking away his investments.
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