HST 210 Lecture Notes - Lecture 7: Federal Meat Inspection Act, Roosevelt Corollary, Sherman Antitrust Act
16 Feb 2018
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Document Summary
Progressivism also takes place at the national level and claims members in both parties. Tr (1901) was a progressive who believed that gov should use its power to promote economic opportunity. Tr believes gov has obligation to regulate big business to protect welfare of society. Directed the justice department to initiate prosecutions under the sherman antitrust act. 1904 - supreme court ordered northern securities companies (jp morgan) be dismantled for violating the act. Revived interstate commerce commission (elkins and hepburn acts) to go after railways for charging high rates, giving rebates to other companies. Allows government to sue businesses for monopolistic practices. Laissez-faire approach to business was replaced w greater gov intervention to protect welfare of society. Tr runs for election on the platform that government should act as a mediator between competing interests (labor vs management, consumers vs big business) Continues to advocate the regulations of big business and wins election (promises not to run again)
