USA HISTORY

Detailed explanation-1: -In spite of this, during President Theodore Roosevelt’s “trust busting” campaigns at the turn of the century, the Sherman Anti-Trust Act was used with considerable success. In 1904, the Supreme Court upheld the government’s suit to dissolve the Northern Securities Company in Northern Securities Co.

Detailed explanation-2: -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.

Detailed explanation-3: -The Northern Securities Case It was the first example of Roosevelt’s use of anti-trust legislation to dismantle a monopoly, in this case a holding company controlling the principal railroad lines from Chicago to the Pacific Northwest.

Detailed explanation-4: -The Northern Securities Company was a short-lived American railroad trust formed in 1901 by E. H. Harriman, James J. Hill, J.P. Morgan and their associates. The company controlled the Northern Pacific Railway; Great Northern Railway; Chicago, Burlington and Quincy Railroad; and other associated lines.

Detailed explanation-5: -The Court held that manufacturing was different from interstate commerce, and because Knight’s manufacturing operations took place in a single state he didn’t violate the Commerce Clause. This ruling proved that the Sherman Act was ineffective against regulating monopolies.