Taft filed twice the number of Anti Trust suits as Roosevelt b Taft vigorously

Taft filed twice the number of anti trust suits as

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Taft filed twice the number of Anti-Trust suits as Roosevelt, b)Taft vigorously enforced Anti-Trust Legislation, although Roosevelt was known as the “trustbuster”
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c)including one against Standard Oil, whose break up was ordered by the Supreme Court in 1911 under the Sherman Anti-Trust Act in 191164)Anti-Trust Legislation – laws in the United States- policies and programs designed to control the growth of monopolies and enhance competitiona)Sherman Act - (1890)b)Clayton Anti-Trust Act – (1914) c)Federal Trade Commission Act – (1914) 65)Monopoly – when only one producer of a given product exists in a given market66)Public Corporation – a corporation whose shares are traded on securities exchange67)Privately Held Corporation – not publicly traded, usually by individual or a few individuals and their familiesa)Financial statements are private68)Securities and Exchange Commission (SEC) – of 1934 - entity who regulates the financial reports and other activities of a public company, 69)Franklin Roosevelt’s’ & New Deal – involved government intervention to try to stimulate the economy, applied many of John Keynes ideas during the Great Depression through his series of government programs know as the New Deal. a)Franklin Roosevelt’s NEW DEAL created many programs to create work such as;a.i)Civilian Conservation Corps (CCC)a.ii)Works Progress Administration (WPA)70)Interstate Commerce Commission ICC – first regulatory agency created by the federal governmenta)Responsible for making sure railroads were charging reasonable rates (it had little power and was ignored) b)Was created as a result of the Interstate Commerce Act of 188771)Railway Labor Act – 1926 – relied upon collective bargaining to resolve labor disputes and was determined to be constitutional by the Supreme Courta)First comprehensive labor relations law and included that parties enter mediation if unable to settle disputesb)Was developed after a number of amendments to the Transportation Act c)Was drafted by combined efforts of both union representatives and executives of the transportation industry72)National Labor Relations Act (NLRA) – of 1935 – popularly known as the Wagner Act 73)Government Officials – are exempt from Anti-Trust Laws (biggest group)a)Other groups include: Major League Baseball, Labor Unions, and Insurance Industry74)
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  • Business Ethics, Ethics, Corporate social responsibility, Sherman Antitrust Act, Clayton Antitrust Act

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