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It is also known as antitrust law (or just antitrust [4]), anti-monopoly law, [1] and trade practices law; the act of pushing for antitrust measures or attacking monopolistic companies (known as trusts) is commonly known as trust busting. [5] The history of competition law reaches back to the Roman Empire.
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.
The Progressive Era (1890s–1920s [1] [2]) was a period in the United States during the early 20th century of widespread social activism and political reform across the country. [ 3 ] [ 4 ] Progressives sought to address the problems caused by rapid industrialization, urbanization, immigration, and political corruption as well as the enormous ...
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 ...
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In the prologue to his classic account of the New Deal, Arthur M. Schlesinger Jr. suggests Felix Frankfurter and his colleagues were the source for the 1933 Banking Act (along with the Securities Act of 1933) in the tradition of "trust-busting liberalism". [97]
That turbulent period saw sweeping social movements and reforms, including women's suffrage, the rise of labor unions, a crackdown child labor — and the regulation of monopolies, known as trust ...
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 ...