Beginning in 1902, President Theodore Roosevelt's adminstration used the federal courts and the Sherman Antitrust Act (1890) to break up "trusts" (cartels, monopolies) that Roosevelt believed were acting against the interests of the people and the country. Up until that time, the "restraint of trade" facet of the Act was used against labor unions.
The first success was against J.P. Morgan's Northern Securities Company, which monopolized rail freight traffic in the US by its anti-competitive practices. There were other trusts that Roosevelt saw as primarily benefitting a few wealthy directors at the expense of the economy, and he moved against them as well.
He soon became known as the "Trust Buster" although he thought some monopolies were in the public interest, and opposed their breakup. (This was one thing that led to his decision in 1912 to run for President again against his successor, William Howard Taft.)
Theodore "Teddy" Roosevelt was called the trust buster by some.
Teddy Roosevelt
trust buster
In addition to Teddy, Theodore Roosevelt was also know as Trust-Buster.
Theodore Roosevelt was known by his initials, T.R., to his family as "Teedie" when he was a child and "Thee" into adulthood, and the public called him "Teddy." He hated the nickname "Teddy."
He believed that trusts should be broken up to ensure competition. He was known as The Trust Buster.
Yes more than roosevelt even. compared to roosevelt Taft had 90 trust which is twice as more than roosevelts. Thoug he approached it with a peaceful bills such as his dollar diplomacy "subsituting the dollar for bullets" Taft supported many Progressive cause. Taft broke more trust than TR (Theodore Roosevelt)
The government did not approve of them because it effected the economy especially teddy Roosevelt he was known as the trust buster and he broke up bad trusts or monopolies.
As a child, he was known as "Teedie." As an adult, he preferred to be called "Thee" by his family or else "TR." The public knew him as "Teddy," but he disliked that nickname."Teddy" Roosevelt is how history recall him.His nickname is "Teddy Roosevelt"
he did not like them and he had dissolved many monopolies and is known as the "trust buster"
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Theodore Roosevelt worked to get laws passed that outlawed large trusts and broke up monopolies in business.