Democratizing government Efficiency & good government Regulation of giant corporations Social justice
President Theodore Rooseveltâ??s actions demonstrated that he was serious about social and political reform. His reforms include more regulation of business and busting up the trusts.
Certain trusts at the turn of the 19th century were creating unfair monopolies or breaking various laws. The "trusts" of the Rockefellers and the Carnegies, were fronts, in a manner of speaking, formed to disguise illegal activities. One US president, Theodore Roosevelt was known as a "trust buster". He wanted a fair deal for the American people.
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to prevent monopolies by big corporations or trusts-study island-
Sherman Antitrust Act
The local Citizens Advice Bureau can provide information to people considering drafting up wills and trusts. Several law firms will have specialists wills and probate teams that can advise individuals of the process.
Public pressure for a federal law to prohibit trusts and monopolies led congress to pass the sherman antitrust act in 1890.
Trusts put smaller competitors out of business using unfair tactics. Trusts could unfairly raise prices since they had no competition. Trusts had too much influence on government officials.
Some people supported trusts because they believed that trusts could lead to greater efficiency in industries, lower costs for consumers, and increased economic growth. They saw trusts as a way to centralize control and streamline operations in a competitive marketplace. Additionally, trusts were often backed by wealthy and powerful individuals who could influence government policy in their favor.
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Newspapers see danger in secret campaign contributions from trusts because they can lead to a lack of transparency in political funding, which may raise concerns about potential influence or corruption in the democratic process. Secret contributions can allow wealthy individuals or organizations to exert undue influence on elections without public accountability or oversight.
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One can learn how to create trusts and estates for children by visiting a financial adviser. If this is not an option, there are several websites that will walk one through the process.
Trusts put smaller competitors out of business using unfair tactics. Trusts could unfairly raise prices since they had no competition. Trusts had too much influence on government officials.
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