HIST 2112 Chapter Notes - Chapter 21: Adamson Act, Hepburn Act, Sherman Antitrust Act
Document Summary
Declaration of principles: drafted by dubois, called for immediate political, economic + social equality for african americans. Roosevelt and trusts: roosevelt"s goal was to eliminate business trusts. During the creation of mega-corporations, roosevelt created the department of. Commerce and labor in 1903 (included the bureau of corporations, investigated trusts) Roosevelt also asked the department of justice to resume prosecutions under the sherman antitrust act of 1890. In 1902, roosevelt launched his first antitrust suit against the northern. Securities trust company, which included john d. rockefeller + j morgan + controlled many of the large midwestern railroads. Roosevelt did state that there were good trusts which used their power in the marketplace + economies of scale to deliver goods and services to customers more cheaply. Roosevelt used his presidency as a bully pulpit to publicly denounce. Bad trusts , corporations that exploited their market positions for short- term gains. Enacted his own brand of progressivism called a square deal.
