Sherman-Anti Trust Act
Essay Question #1
What was the Sherman Anti-Trust Act? How was it used during the Presidency of Roosevelt?
During the 19th century the emergence of what we now call the “economy” was born. Prior to 1840 there were really no such thing as “big business”. The first real “big business” was the Railroad. The building of the Railroad Empire and rail lines throughout the United States drastically changed the American way of life. Due to new abilities …
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…railroad monopoly. Roosevelt declared that this was just the sort of thing that the Sherman Anti-Trust act was implemented for. He ordered government attorneys to file suit against the Northern Securities Company for restraint of trade.
The Roosevelt administration won its case before the U.S. Supreme Court in 1904. Afterwards Roosevelt used the Anti-Trust Act in forty other cases. Roosevelt earned the reputation as the “trust buster” because of his relentless pursuit of large monopolies.
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