USA HISTORY

Detailed explanation-1: -Roosevelt sought to replace the laissez-faire economic environment with a new economic model which included a larger regulatory role for the federal government. He believed that 19th-century entrepreneurs had risked their fortunes on innovations and new businesses, and that these capitalists had been rightly rewarded.

Detailed explanation-2: -Roosevelt told Congress he opposed banning monopolies. Instead, he preferred that the federal government “assume power of supervision and regulation over all corporations doing an interstate business."

Detailed explanation-3: -The Roosevelt administration sued successfully to break up such monopolies as John D. Rockefeller’s Standard Oil Co. and J.P. Morgan’s Northern Securities Co., a railroad conglomerate that the U.S. Supreme Court, in a 5-4 decision, dissolved.

Detailed explanation-4: -This was the core of Theodore Roosevelt’s leadership. He boiled everything down to a case of right versus wrong and good versus bad. If a trust controlled an entire industry but provided good service at reasonable rates, it was a “good” trust to be left alone.