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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.)

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Duane O'Hara

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Related Questions

What president is known as the trust buster?

Theodore "Teddy" Roosevelt was called the trust buster by some.


What president came up with the trust buster?

Teddy Roosevelt


What is the nick name of Theodore Roosevelt?

trust buster


What is Teddy roosvelt's nickname?

In addition to Teddy, Theodore Roosevelt was also know as Trust-Buster.


What was Theodore Roosevelt nicknames?

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."


Teddy Roosevelt's view of trusts was that they?

He believed that trusts should be broken up to ensure competition. He was known as The Trust Buster.


Was Woodrow Wilson 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)


What was the government's response to big business?

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.


What is Theodore Roosevelts nickname?

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"


What was Theodore Roosevelt's thoughts on monopolies?

he did not like them and he had dissolved many monopolies and is known as the "trust buster"


Theodore Roosevelt nickname?

the happy warrior,the rough rider,the bull moose,teedie,telescope teddy,the dynamo of power,the lion,the great white chief,the man on horseback,the meddler,the trust buster,the driving force,the old lion,teddy,T.R.,haroun-al-roosevelt.


Why was Theodore Roosevelt known as a trust buster?

Theodore Roosevelt worked to get laws passed that outlawed large trusts and broke up monopolies in business.