United Railroad Workers
No single company should control an entire industry
In 1904 President Roosevelt got the supreme court to rule that Northern securities company was a monopoly.
No single company should control an entire industry
Theodore Roosevelt was the President in 1908 when The Hoover suction machine company was formed from the inventor's, James Spangler's company in North Canton, Ohio.
44 with the Sherman Antitrust Act Source: squaredeal.com
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Theodore Roosevelt
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.
Theodore Presser Company was created in 1883.
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.
The phrase "You are known by the company you keep and by the company that keeps you out" was said by President Franklin D. Roosevelt. This quote emphasizes the idea that one's character and reputation are shaped by both the people one associates with and those who choose to stay away. Roosevelt often highlighted the importance of associations and relationships in both personal and political contexts.
Theodore Roosevelt targeted several large corporations and monopolies known as trusts, particularly in the railroad, oil, and beef industries. Notably, he took action against the Northern Securities Company, a railroad trust, and the Standard Oil Company, led by John D. Rockefeller. Roosevelt's administration sought to regulate these trusts to promote fair competition and protect consumers, marking a significant shift in federal policy toward antitrust enforcement. His efforts laid the groundwork for future antitrust legislation.