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Wickersham discovered that trust busting meant higher prices for consumers, telling Taft "the disintegrated companies of both the oil and tobacco trust are spending many times what was formerly spent by anyone in advertising in the newspapers." [9] 16 new cases were launched in the last 2 months of the Taft administration. [10]
Taft, more quietly than his predecessor, filed many more cases than did Roosevelt, and rejected his predecessor's contention that there was such a thing as a "good" trust. This lack of flair marked Taft's presidency; according to Lurie, Taft "was boring—honest, likable, but boring". [ 146 ]
Wickersham discovered that trust busting meant higher prices for consumers. He told Taft, "the disintegrated companies of both the oil and tobacco trust are spending many times what was formerly spent by anyone in advertising in the newspapers." [214] Wickersham realized the problem but Taft never did. He insisted that antitrust lawsuits ...
"The Bosses of the Senate", an 1889 political cartoon by Joseph Keppler depicting corporate interests—from steel, copper, oil, iron, sugar, tin, and coal to paper bags, envelopes, and salt—as giant money bags looming over the tiny senators at their desks in the Chamber of the United States Senate [1]
A Progressive reformer, Roosevelt earned a reputation as a "trust buster" through his regulatory reforms and antitrust prosecutions. His presidency saw the passage of the Pure Food and Drug Act , which established the Food and Drug Administration to regulate food safety, and the Hepburn Act , which increased the regulatory power of the ...
Senator Josh Hawley (R., Mo.) has unveiled a proposal to enhance federal anti-trust laws, sharing the initiative with Axios on Monday. “This country and this government shouldn’t be run by a ...
The convention approved a strong "trust-busting" plank, but Roosevelt had it replaced with language that spoke only of "strong National regulation" and "permanent active [Federal] supervision" of major corporations. This retreat shocked reformers like Pinchot, who blamed it on Perkins (a director of U.S. Steel). The result was a deep split in ...
Opinion: Joe Biden's aggressive trustbusting of Big Tech could have unintended consequences for our First Amendment rights.