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Theodore Roosevelt’s Trust-Busting Activities

Theodore Roosevelt’s Trust-Busting Activities. Marc Sanchez Per. 1 Mr. Bunch U.S. History. Theodore Roosevelt: The Beginning. Theodore Roosevelt was one American who believed a revolution was coming. Roosevelt believed Wall Street Financers and trust titans were acting foolishly.

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Theodore Roosevelt’s Trust-Busting Activities

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  1. Theodore Roosevelt’sTrust-Busting Activities Marc Sanchez Per. 1 Mr. Bunch U.S. History

  2. Theodore Roosevelt: The Beginning • Theodore Roosevelt was one American who believed a revolution was coming. • Roosevelt believed Wall Street Financers and trust titans were acting foolishly. • There was no limit to greed for Roosevelt • If docking wages would increase profits, it was done. • Higher railroad rates put more gold in their coffers, it was done. • Roosevelt wondered, How much was enough?

  3. “A man who has never gone to school may steal from a freight car: but if he has a university education, he may steal the whole railroad.” - Theodore Roosevelt

  4. What is Trust Busting? • Trust busting is a government act seeking to dissolve corporate trusts and monopolies. • A Trust means a large business. • In 1898, President William McKinley launched the “Trust-Busting” era when he appointed the U.S. Industrial Commission.

  5. Trusts and Monopolies. • Some companies got so big that smaller companies couldn’t even compete with them. • Trusts worried people, so Roosevelt broke up the monopolies and trusts which gave him the nickname “Trust Buster”. • He attacked the trusts guilty of monopolies and set up the necessary reforms that resulted in businesses into accepting government regulations.

  6. Meat Packing Industry • The meat packing industry was making meat unhealthy and inedible for buyers to eat. • The meat was packaged in unsanitary conditions and was poisoning buyers. • The Federal Meat Inspection act was placed to inspect and condemn any meat that was unfit for human consumption.

  7. The Railroad Regulation • The Hepburn Act of 1906 gave the Interstate Commerce Commission (ICC) the power to set maximum railroad rates and stopped free passes given to friends of the railroad. • The Elkins Act of 1903 was the Administration's first effort at the regulation of railroad rates; it proved ineffective in practice. 

  8. Work Cited "The Trust Buster [ushistory.org]."ushistory.org. N.p., n.d. Web. 1 Oct. 2013. <http://www.ushistory.org/us/43b.asp>. "Roosevelt: The Trust Buster! | AP United States History." AP United States History | United we stand… Divided we fall!. N.p., n.d. Web. 1 Oct. 2013. <http://kapush.wordpress.com/2008/03/09/roosevelt-the-trust-buster>. "Theodore Roosevelt And Trusts | Theodore Roosevelt." Theodore Roosevelt | Theodore Roosevelt. N.p., n.d. Web. 1 Oct. 2013. <http://abouttheodoreroosevelt.com/trust-buster-theodore-roosevelt/283>.

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