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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 ...
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 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 ...
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 ...
Standard Oil (Refinery No. 1 in Cleveland, Ohio, pictured) was a major company broken up under United States antitrust laws.. The history of United States antitrust law is generally taken to begin with the Sherman Antitrust Act 1890, although some form of policy to regulate competition in the market economy has existed throughout the common law's history.
Roosevelt's trust-busting didn't appear to be an enormous weight on the growth of stock prices. He was in office the first time the Dow cleared the century mark. Library of Congress.
"Swift & Co. v. United States: The Beef Trust and the Stream of Commerce Doctrine," American Journal of Legal History (1984) 28#3 pp 244–279 in JSTOR Levin, Leslie A. "One Man's Meat Is Another Man's Poison: Imagery of Wholesomeness in the Discourse of Meatpacking from 1900–1910," Journal of American & Comparative Cultures (2001) 24#1‐2 ...
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 ...