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Unformatted text preview: Department of Commerce and Labor, which included a Bureau of Corporations empowered to investigate the affairs of large business aggregations. Roosevelt won acclaim as a trust-buster, but his actual attitude toward big business was complex. Economic concentration, he believed, was inevitable. Some trusts were good, some bad. The task of government was to make reasonable distinctions. When, for example, the Bureau of Corporations discovered in 1907 that the American Sugar Refining Company had evaded import duties, subsequent legal actions recovered more than $4 million and convicted several company officials. The Standard Oil Company was indicted for receiving secret rebates from the Chicago and Alton Railroad, convicted, and fined a staggering $29 million....
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This note was uploaded on 12/21/2011 for the course AMH AMH2010 taught by Professor Pietrzak during the Fall '10 term at Broward College.
- Fall '10