How did Theodore Roosevelt regulate the growth of trusts?

History

1 answer:

sattari [20]3 years ago

6 0

Answer: He enforced the Sherman Antitrust Act.

Context/history:

The Sherman Anti-Trust Act was the first measure by Congress to prohibit trusts. It was passed by Congress in 1890. A trust was when stockholders in multiple companies transferred their stock shares to a single group of trustees. Thus a whole industry area could be dominated by a single "trust" organization, destroying the free market of business competition. This was a monopolistic practice which the Sherman Anti-Trust Act ended. Thus the Sherman Anti-Trust Act directly went against the idea of those who believed business success should be based on large business owners colluding with one another.

Initially the Sherman Antitrust Act was not well enforced by US courts. But when Theodore ("Teddy") Roosevelt took office as President in 1901, he pushed enforcement of the Act and worked to reign in the power of big businesses.

Note:

The Clayton Antitrust Act was passed by Congress in 1914, after Teddy Roosevelt was no longer President.

You might be interested in

Why is baltic sea called scandinacian mediterranean

ycow [4]

The Baltic Sea was in Scandinavia and was a smaller but longer version of the Mediterranean.

4 0

2 years ago

Describe three causes of the mexican revolution

kobusy [5.1K]

He Mexican Revolution<span> was brought on by, among other factors, tremendous disagreement among the </span>Mexican<span> people over the dictatorship of President Porfirio Díaz , who, all told, stayed in office for thirty one years.</span>

3 0

3 years ago

Government began to set aside land called

shepuryov [24]

Answer: reservations

Explanation: The correct answer is reservations.

5 0

2 years ago

Read 2 more answers

Which action is an example of an implied power of Congress?

Citrus2011 [14]

D - establishing post offices would be a implied power of Congress