Q:
Why was Theodore Roosevelt nicknamed "trust buster"?
A:
Quick Answer
President Theodore Roosevelt became known as the "trust buster" in 1904 when his administration used the Sherman Anti-Trust Act to break up the Northern Securities Company. The Northern Securities Company was a monopoly that controlled the main railroad lines from Chicago to the Pacific Northwest.
Continue Reading
Credit:
Library of Congress
Archive Photos
Getty Images
Full Answer
The Supreme Court upheld the break up of the Northern Securities Company on the basis that the company was an illegal combination that acted in restrain of trade. Following the court ruling, Roosevelt used the Sherman Anti-Trust Act to break up other monopolies during his presidency. These actions to regulate big business raised Roosevelt's popularity, contributing to his re-election in 1904.
Learn more about US HistoryRelated Questions
-
Q:
What are some facts about Theodore Roosevelt?
A: Theodore Roosevelt was the 26th president of the United States, becoming known as a "trust buster" for his fight against industrial monopolies, and focusin... Full Answer >Filed Under: -
Q:
How did Theodore Roosevelt change the presidency?
A: Theodore Roosevelt greatly increased the power of the presidency, largely by taking the position that the president could exercise any right not specifical... Full Answer >Filed Under: -
Q:
To which political party did Theodore Roosevelt belong?
A: Theodore Roosevelt belonged first to the Republican Party and then to the Progressive Party, which was known widely as the Bull Moose Party. He switched pa... Full Answer >Filed Under: -
Q:
Why did Theodore Roosevelt win the Nobel Peace Prize?
A: Theodore Roosevelt won the Nobel Peace Prize for his involvement in various peace treaties. Roosevelt was instrumental in peace negotiations during the Rus... Full Answer >Filed Under:
You May Also Like
-
Q:
What happened at Wound Knee Creek?
-
Q:
What are good resources for information on Native Americans?
-
Q:
What were the tools and weapons of the Pueblo Indians?
-
Q:
How do you email President Obama?
-
Q:
What was the first major city in the United States to pave its streets?
-
Q:
Why did men wear powdered wigs?
