IOC bars South Africa over Apartheid

On August 18, 1964, the International Olympic Committee (IOC) barred South Africa from participating in the Summer Olympics due to the country’s Apartheid policy. The nation would not be reinstated until 1992.

Learn more about the banishment of South Africa by the IOC from the BBC.

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).