Discontent and Refor5

Discontent and Refor5 - Department of Commerce and Labor,...

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Discontent and Reform Late-19th century American farmers experienced recurring periods of hardship It was clear to many people – notably President Theodore Roosevelt and Progressive  leaders in the Congress (foremost among them Wisconsin Senator Robert LaFollette) –  that most of the problems reformers were concerned about could be solved only if dealt  with on a national scale. Roosevelt declared his determination to give all the American  people a "Square Deal." During his first term, he initiated a policy of increased government supervision through  the enforcement of antitrust laws.  With his backing, Congress passed the Elkins Act  (1903), which greatly restricted the railroad practice of giving rebates to favored  shippers.  The act made published rates the lawful standard, and shippers equally liable  with railroads for rebates.  Meanwhile, Congress had created a new Cabinet 
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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.

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