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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. Although "trust" had a technical legal meaning, the word was commonly used to denote big business, especially a ...
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 ...
Roosevelt seized the issue and became identified as the "trusty buster," although he typically wanted to regulate the trusts rather than break them up. In the 1890s many large businesses, most notoriously Standard Oil , had bought out their rivals or had established business arrangements that effectively stifled competition.
Commerce Clause. 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 ".
Time in Office: Sept. 14, 1901 - March 4, 1909The only president on this list who's on Mount Rushmore, Theodore Roosevelt earned a reputation as a progressive by attacking the trusts that had come ...
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 ...
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.
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.