USA HISTORY

WESTWARD EXPANSION INDUSTRIALIZATION URBANIZATION 1870 1900

ROBBER BARONS

Question [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
True or False:Teddy Roosevelt destroyed all trusts.
A
True
B
False
C
Either A or B
D
None of the above
Explanation: 

Detailed explanation-1: -Despite his generally pro-business outlook, Roosevelt disliked the corruption and arrogance of the new class of super rich. In 1902, public demands for “trustbusting” (breaking up the monopolies) prompted him to file suit under the Sherman Act against the biggest railroad trust in the country.

Detailed explanation-2: -Trust-Busting More trust prosecutions (99, in all) occurred under Taft than under Roosevelt, who was known as the “Great Trust-Buster.” The two most famous antitrust cases under the Taft Administration, Standard Oil Company of New Jersey and the American Tobacco Company, were actually begun during the Roosevelt years.

Detailed explanation-3: -Roosevelt, a Republican, confronted the bitter struggle between management and labor head-on and became known as the great “trust buster” for his strenuous efforts to break up industrial combinations under the Sherman Antitrust Act.

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