USA HISTORY

Detailed explanation-1: -In 1902, President Theodore Roosevelt instructed his Justice Department to break up this holding company on the grounds that it was an illegal combination acting in restraint of trade. Using the Sherman Anti-Trust Act, the federal government did so and the Northern Securities Company sued to appeal the ruling.

Detailed explanation-2: -Roosevelt’s Department of Justice prosecuted the Northern Securities Company for violating the Sherman Act. In 1904, the Supreme Court agreed with the administration’s position, and ordered the Northern Securities company dissolved. For Roosevelt, this proved a great victory.

Detailed explanation-3: -Roosevelt believed that the Northern Securities Corporation was a monopoly, and so after an investigation, he ordered his Justice Department to break up the company.

Detailed explanation-4: -The company was sued in 1902 under the Sherman Antitrust Act of 1890 by the Justice Department under President Theodore Roosevelt, one of the first antitrust cases filed against corporate interests instead of labor.

Detailed explanation-5: -v. United States, 193 U.S. 197 (1904), was a case heard by the U.S. Supreme Court in 1903. The Court ruled 5-4 against the stockholders of the Great Northern and Northern Pacific railroad companies, which had essentially formed a monopoly and to dissolve the Northern Securities Company.