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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.
Theodore Roosevelt Jr.[b] (October 27, 1858 – January 6, 1919), often referred to as Teddy or T. R., was an American politician, soldier, conservationist, historian, naturalist, explorer and writer who served as the 26th president of the United States from 1901 to 1909. He previously was involved in New York politics, including serving as the ...
In the United States, antitrust law is a collection of mostly federal laws that regulate the conduct and organization of businesses in order to promote competition and prevent unjustified monopolies. The three main U.S. antitrust statutes are the Sherman Act of 1890, the Clayton Act of 1914, and the Federal Trade Commission Act of 1914.
Roosevelt continued to launch antitrust suits in his second term, and a suit against Standard Oil in 1906 would lead to that company's break-up in 1911. [57] In addition to the antitrust suits and major regulatory reform efforts, the Roosevelt administration also won the cooperation of many large trusts, who consented to regulation by the ...
Time in Office: March 4, 1909 - March 4, 1913Taft was actually more aggressive in breaking up monopolies than Roosevelt — initiating some 80 anti-trust suits — but didn't get nearly the credit ...
The Square Deal was Theodore Roosevelt 's domestic program, which reflected his three major goals: conservation of natural resources, corporate law, and consumer protection. [1] These three demands are often referred to as the "three C's" of Roosevelt's Square Deal. Thus, it aimed at helping middle-class citizens and involved attacking ...
Swift & Co. v. United States, 196 U.S. 375 (1905), was a case in which the United States Supreme Court ruled that the Commerce Clause allowed the federal government to regulate monopolies if it has a direct effect on commerce. It marked the success of the Presidency of Theodore Roosevelt in destroying the "Beef Trust". This case established a ...
But one obstacle remained: the anti-trust crusading President Theodore Roosevelt, who had made breaking up monopolies a focus of his presidency. [ 56 ] Frick and Gary traveled overnight by train to the White House to implore Roosevelt to set aside the application of the Sherman Antitrust Act and allow—before the market opened—a company that ...