For the first twelve years of its existence the Sherman Act was a paper tiger

For the first twelve years of its existence the

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declared illegal all combinations "in restraint of trade." For the first twelve years of its existence, the Sherman Act was a paper tiger. United States courts routinely sided with business when any enforcement of the Act was attempted. For example, the AMERICAN SUGAR REFINING COMPANY controlled 98 percent of the sugar industry. Despite this virtual monopoly, the Supreme Court refused to dissolve the corporation in an 1895 ruling. The only time an organization was deemed in restraint of trade was when the court ruled against a labor union. Roosevelt knew that no new legislation was necessary. When he sensed that he had a sympathetic Court, he sprung into action. Hashtag () Teddy vs. J.P. Theodore Roosevelt was not the type to initiate major changes timidly. The first trust giant to fall victim to Roosevelt's assault was none other than the most powerful industrialist in the country — J. Pierpont Morgan. C. Gordon Moffat Teddy Roosevelt (not Ned Flanders) leading the charge against trusts in a cartoon from 1899.
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Morgan controlled a railroad company known as Northern Securities. In combination with railroad
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