Trust Busters - Trust Busters: Roosevelt and Wilson...

Info iconThis preview shows pages 1–2. Sign up to view the full content.

View Full Document Right Arrow Icon
Trust Busters: Roosevelt and Wilson 31/03/2008 09:03:00 Reformers wanted progress, freedom, democracy. Results of reform often  contradicted those goals.  Sherman anti trust act: Traditional American democrat solution: trust busting. Some historians argued that federal government regulations of big coorperation  only created a large amount of power in the executive branch and an alliance between  the federal government and the corporations Theodore Roosevelt and Woodrow Wilson: what they did contrasted with their platform. Roosevelt: New Nationalism, Square Deal: 1912; he had no problem with big  business because the corporations brought economic growth and prosperity. Efforts to  break up the trusts into smaller more competitive business would be useless.  To show that big business was “okay”, his answer was regulation of BB. 1906 Roosevelt administration persuaded congress to pass two legislations:  1. the Hepburn Act: make the old interstate commerce commission more  effective—regulation of railroads…  2. The Pure food and drug act: Direct responds to THE JUNGLE Roos’ popoluarity is based on his fame as a trust buster. prevented a merger of  two railroad companies  Wilson’s Statement Return to the free market and free cometition: The New Freedom: freedom to compete  against BB. Regulation of BB is “dangerous” because through the regulations the 
Background image of page 1

Info iconThis preview has intentionally blurred sections. Sign up to view the full version.

View Full DocumentRight Arrow Icon
Image of page 2
This is the end of the preview. Sign up to access the rest of the document.

This note was uploaded on 04/17/2008 for the course HIST 1200 taught by Professor Miller during the Spring '08 term at Missouri (Mizzou).

Page1 / 5

Trust Busters - Trust Busters: Roosevelt and Wilson...

This preview shows document pages 1 - 2. Sign up to view the full document.

View Full Document Right Arrow Icon
Ask a homework question - tutors are online