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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 ...
The case originated in 1902 when President Theodore Roosevelt directed his Attorney General Philander Knox to bring a lawsuit against the "Beef Trust" on antitrust grounds using the Sherman Antitrust Act of 1890. The evidence at trial demonstrated that the "Big Six" leading meatpackers were engaged in a conspiracy to fix prices and divide the ...
Roosevelt was hailed as the "trust-buster" for his aggressive use of the 1890 Sherman Antitrust Act, compared to his predecessors. [116] He viewed big business as essential to the American economy, prosecuting only "bad trusts" that restrained trade and charged unfair prices. [117]
The Northern Pacific; the Great Northern; and the Chicago, Burlington and Quincy companies would later merge in 1969. The case was an example of Roosevelt's trust-busting procedures, prosecuting under the Sherman Antitrust Act (1890), and it marked a major victory for the antitrust movement,
Dalton, Kathleen. "Changing interpretations of Theodore Roosevelt and the Progressive era." in Christopher M. Nichols and Nancy C. Unger, eds A Companion to the Gilded Age and Progressive Era (2017): 296–307. Gould, Lewis L. (1992). The Presidency of Theodore Roosevelt. University Press of Kansas. ISBN 978-0-7006-0565-1.
This new Cabinet-level government agency had been devised during Roosevelt's trust-busting crusade against the business monopolies that controlled much of the American commerce and labor ...
Hawley said that the Republican Party “has got to become the party of trust-busting once again,” pointing to Teddy Roosevelt’s efforts at breaking up monopolies at the turn of the twentieth ...
Antitrust and competition problems permeate our food system, with many of our industries at concentration rates that far exceed the concentration experienced in the Teddy Roosevelt “trust ...