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What disappointed President Theodore Roosevelt in the Northern Securities case?
ChuckSiata
When US President Theodore Roosevelt decided to move against the Northern Securities Company he was challenging none other than the powerful JP Morgan. Morgan had put together what seemed to be one of the toughest to break railroad trusts of its day. And, pitting the US Government against JP Morgan, seemed to Morgan an insult of the worst kind. Nevertheless, Roosevelt's Attorney General, Philander Knox was put in charge of the suit against Morgan and his friends. Morgan was so upset that he went to the White House to set the "new president straight".Roosevelt was not impressed with the cigar smoking "Jupiter" as he was called.
The case, an alleged violation of the Sherman Anti-Trust Act of 1890 went all the way to the US Supreme Court. The Federal government won the case in 1904. Roosevelt's only disappointment was that one of his Court appointees, the great Oliver Wendell Holmes voted with the minority.
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How did Roosevelt react to the creation of the Northern Securities Company?
President Roosevelt reacted to the creation of the Northern Securities Company by suing them. He wanted the company to be dissolved and argued that it violated antitrust laws.
What did Theodore Roosevelt use as president to break up monopolies in the business world?
44 with the Sherman Antitrust Act Source: squaredeal.com
Which monopoly did Theodore Roosevelt break up?
In 1904 President Roosevelt got the supreme court to rule that Northern securities company was a monopoly.
What was the outcome of Theodore Roosevelt case against northern securities?
Roosevelt argued that northern securities used unfair business pratices in violation of the sherman act
What monopoly was busted in 1904?
In 1904, President Roosevelt got the supreme court to rule that Northern securities company was a monopoly.
What action did US President Teddy Roosevelt take on the Northern security Case?
In 1902, Roosevelt ordered the Attorney General to bring a law suit against the Northern Securities Company. Roosevelt believed that the company was violating the Sherman Anti-Trust Act.
What nickname was given to Theodore Roosevelt because of the Northern Securities Case?
The TrustBuster
What did Roosevelt do about the 1902 coal strike?
Roosevelt ordered his attorney to finn a law suite against northern securities.
Who used the sherman antitrust act to dissolve j p morgans northern securities company?
Theodore Roosevelt
Do you agree with Roosevelt's use of the sherman antitrust act against northern securities?
Yes, the railroad holding company's (Northern Securities Co) stock transactions were in restraint of interstate commerce,and came within guidelines of the Sherman Anti Trust Act. The Northern Securities Co vs The United States in which the Supreme Court found in favor of the government was a vindication of Roosevelt's actions. This case also rejuvenated the Sherman Anti Trust Act.- tuffy
Powerful northwestern railroad monopoly broken up by Roosevelt's trust-busting?
Northern Securities Company
What is most related to the Northern Securities Case?
The railroad industry is the most closely related to the Northern Securities case.
