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Events on Monday 10 January 1870 1
1870Standard Oil Company FoundedJohn D. Rockefeller incorporates his oil refining businessJohn D. Rockefeller, Henry Flagler, and partners incorporated the Standard Oil Company in Ohio on 10 January 1870. The company rapidly expanded to dominate the American oil refining industry. It would later be broken up under antitrust law in 1911.