In 1902 Roosevelt ordered the attorney general to sue Northern Securities under

In 1902 roosevelt ordered the attorney general to sue

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reduce their profits. In 1902 Roosevelt ordered the attorney general to sue Northern Securities under the Sherman Antitrust Act. The suit charged Northern Securities with restraint of trade. In 1904, in Northern Securities v. United States, the Supreme Court ruled that Morgan’s firm had violated the Sherman Antitrust Act. Roosevelt was hailed as a “trustbuster.”
United History EOC Study ReviewMr. Stackpole 63United History Honors116.Roosevelt's suit against the Northern Securities Company challenged Explanation: Roosevelt thought that trusts and other large business organizations were efficient and part of the reason for the prosperity of the United States. Yet he also felt that the monopoly power of some trusts hurt the public interest. He wanted to ensure that trusts did not abuse their power. Roosevelt believed abuse was evident in J. P. Morgan’s railroad holding company, Northern Securities.The company planned an exchange of stock that would merge existing railroad systems, creating a monopoly on railroad traffic in the Northwest. Farmers and business owners feared that without railroad competition, shipping rates would rise and reduce their profits. In 1902 Roosevelt ordered the attorney general to sue Northern Securities under the Sherman Antitrust Act. The suit charged Northern Securities with restraint of trade. In 1904, in Northern Securities v. United States, the Supreme Court ruled that Morgan’s firm had violated the Sherman Antitrust Act. Roosevelt was hailed as a “trustbuster.” 117.During the 1902 coal strike, how did Roosevelt end the dispute between the union and coal mine owners?
United History EOC Study ReviewMr. Stackpole 64United History Honors

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