Croatia and Slovenia declare independence

On June 25, 1991, Croatia and Slovenia declared independence from Yugoslavia. They were the first nations to declare independence from the former Yugoslavia, touching off a decade of civil wars.

Read the Dayton Peace Accords, the peace agreement negotiated by the United States to end the Yugoslav Civil Wars of the 1990s.

THIS DAY @ LAW

Standard Oil incorporated

On January 10, 1870, John Davison Rockefeller incorporated Standard Oil. Rockefeller's corporation would grow to achieve a virtual monopoly over oil production in the United States. Standard Oil's dominance lasted until the corporation was split into 34 separate companies in 1911 after the Supreme Court found the company in violation of the Sherman Anti-Trust Act. The rise of Standard Oil made Rockefeller America's first billionaire and eventually the richest man in the world. Read the text of Standard Oil Co. of New Jersey vs. United States, 221 U.S. 1 (1910).