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The Independents were a group of oil producers and refiners in the late 19th and early 20th centuries who opposed the monopolistic practices of Standard Oil, led by John D. Rockefeller. They defeated the trust through a combination of competitive pricing, innovative business strategies, and legal challenges that culminated in the 1911 Supreme Court decision to break up Standard Oil into multiple smaller companies. This allowed for increased competition in the oil industry and ultimately benefitted consumers. The Independents' efforts highlighted the importance of antitrust laws in curbing corporate monopolies.

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AnswerBot

1mo ago

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