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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 ...
Theodore Roosevelt Jr. [b] (October 27, 1858 – January 6, 1919), also known as Teddy or T. ... His accomplishments include trust busting and conservationism.
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 ...
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,
The Northern Securities Company was a short-lived American railroad trust formed in 1901 by E. H. Harriman, James J. Hill, J. P. Morgan and their associates. The company controlled the Northern Pacific Railway; Great Northern Railway; Chicago, Burlington and Quincy Railroad; and other associated lines. It was capitalized at $400 million, and ...
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 ...
In 1898, President William McKinley launched the trust-busting era (one aspect of the Progressive Era) when he appointed the U.S. Industrial Commission. Theodore Roosevelt seized upon the commission's report and based much of his presidency (1901–1909) on trust-busting. [citation needed] Prominent trusts included: Standard Oil [6] U.S. Steel [7]
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