Fill in the Blank QuestionFill in the blank question.The government broke up Standard Oil in 1911 due to its breach of laws. (Enter one word in the blank.)

The government broke up Standard Oil in 1911 due to its breach of antitrust laws.

Antitrust laws are regulations that promote competition and protect consumers from monopolistic behavior. The breakup of Standard Oil was a significant event in U.S. corporate history, as it was one of the first instances where the government intervened to dismantle a large corporation that was deemed to have too much market power. This action was taken based on the Sherman Antitrust Act of 1890, which aimed to prevent anti-competitive practices and promote fair competition. The dissolution of Standard Oil led to the creation of several smaller companies that increased competition in the oil industry.