declared illegal all combinations "in restraint of trade." For the first twelve years of its existence, theSherman Act was a paper tiger. United States courts routinely sided with business when anyenforcement of the Act was attempted.For example, theAMERICAN SUGAR REFINING COMPANYcontrolled 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 alaborunion.Roosevelt knew that no new legislation was necessary. When he sensed that he had a sympatheticCourt, 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 victimto Roosevelt's assault was none other than the most powerful industrialist in the country — J. PierpontMorgan.C. Gordon MoffatTeddy Roosevelt (not NedFlanders) leading the chargeagainst trusts in a cartoon from1899.
Morgan controlled a railroad company known as Northern Securities. In combination with railroad