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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 ...
Roosevelt was hailed as the "trust-buster" for his aggressive use of the 1890 Sherman Antitrust Act, compared to his predecessors. [118] He viewed big business as essential to the American economy, prosecuting only "bad trusts" that restrained trade and charged unfair prices. [119]
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 ...
Theodore Roosevelt. ... President William Howard Taft established the federal income tax through the 16th Amendment and focused on trust-busting. He went on to become the Chief Justice of the ...
Dalton, Kathleen. "Changing interpretations of Theodore Roosevelt and the Progressive era." in Christopher M. Nichols and Nancy C. Unger, eds A Companion to the Gilded Age and Progressive Era (2017): 296–307. Gould, Lewis L. (1992). The Presidency of Theodore Roosevelt. University Press of Kansas. ISBN 978-0-7006-0565-1.
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,
Theodore "Teddy" Roosevelt, Jr. was the 26th President of the United States of America. Not only a politician and statesman, he was also a soldier, conservationist, naturalist, historian and writer.
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.