USA HISTORY

Detailed explanation-1: -Second, the captains of industry were arrogant enough to believe themselves superior to the elected government. Now that he was President, Roosevelt went on the attack. The President’s weapon was the Sherman Antitrust Act, passed by Congress in 1890.

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: -Why Was the Sherman Antitrust Act Passed? The Sherman Antitrust Act was passed to address concerns by consumers who felt they were paying high prices on essential goods and by competing companies who believed they were being shut out of their industries by larger corporations.

Detailed explanation-4: -The Sherman Anti-Trust Act authorized the federal government to institute proceedings against trusts in order to dissolve them. Any combination “in the form of trust or otherwise that was in restraint of trade or commerce among the several states, or with foreign nations” was declared illegal.