Traveling in usa for As the petroleum industry grew, competition became fierce, and Standard Oil developed a reputation for ruthlessly buying up other companies by any means. In 1904, presidential candidate Theodore ROOSEVELT promised to go after huge corporations that had developed into monopolies, and the federal government sued Standard Oil New Jersey. In 1911, the Supreme Court of the United States ordered both Standard Oil Company and the American Tobacco Company to break up into a number of separate companies. The basis for the decision was the Sherman Anti-Trust Act, which had allowed Congress to regulate the operations of corporate trusts. Standard Oil became 34 separate companies, although some of the individual companies kept the name Standard Oil. John D. Rockefeller retired, but Standard Oil New Jersey continued to grow. Traveling in usa 2016.