History: August 5 (#2)

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August 5, 1882 Standard Oil Company of New Jersey, today known as ExxonMobil, is established officially. The company would later grow to become the holder of all Standard Oil companies and the entity at the center of the breakup of Standard Oil.

Commentary

On August 5, in the year 1882: Standard Oil Company of New Jersey, today known as ExxonMobil, is established officially. The company would later grow to become the holder of all Standard Oil companies and the entity at the center of the breakup of Stand ard Oil. Standard Oil Company was a corporate trust in the petroleum industry that existed from 1882 to 1911. Why August 5, 1882 matters: Standard Oil Company of New Jersey, today known as ExxonMobil, is established officially. The company would later grow to become the holder of all Standard Oil companies and the entity at the center of the breakup of Standard Oil. What began on this day left a lasting mark on history. The effects were felt immediately and continued to shape events, ideas, and lives long afterwards. Historical context: August 5, 1882 The 19th century transformed daily life through industrial tools, transport, urban infrastructure, and expanding education. The event on this day: Standard Oil Company of New Jersey, today known as ExxonMobil, is established officially. The company would later grow to become the holder of all Standard Oil companies and the entity at the center of the breakup of Standard Oil. Source: https://en.wikipedia.org/wiki/Standard_Oil (Wikipedia, CC BY-SA)

Sources: Wikipedia (CC BY-SA)