Roosevelt argued that northern securities used unfair business pratices in violation of the sherman act
Roosevelt ordered his attorney to finn a law suite against northern securities.
Who did Theodore Roosevelt run against for governor?
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.
Theodore Roosevelt.
Taft.
President Theodore Roosevelt was against the misuse of power by the big corporations doing business as a trust or monopoly.
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
Misconduct -APEX
In 1902, President Theodore Roosevelt was against the misuse of power by the big corporations doing business as a trust or monopoly. He did not want to do away with the corporations, but preferred to "draw the line against misconduct".
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.
Theodore (Teddy) Roosevelt
Monopolies