2006-12-12 10:41:42 · 4 answers · asked by lionel_k_ferrao 2 in Education & Reference ➔ Homework Help
In his first and most celebrated antitrust case, in 1902 Roosevelt's Attorney General, Philander Knox, took on J. P. Morgan's Northern Securities Company for violating the Sherman Antitrust Act. "Send your man to my man and they can fix it up," Morgan suggested, but Roosevelt would not back down and Knox vigorously prosecuted the case. After a two-year battle through the federal court system, the giant railroad trust was busted in U.S. v. Northern Securities Company. Roosevelt's administration initiated antitrust proceedings against over 40 more corporations (including the Swift & Company beef trust, Standard Oil, and the American Tobacco Company).
The background was as follows
In his first and most celebrated antitrust case, in 1902 Roosevelt's Attorney General, Philander Knox, took on J. P. Morgan's Northern Securities Company for violating the Sherman Antitrust Act. "Send your man to my man and they can fix it up," Morgan suggested, but Roosevelt would not back down and Knox vigorously prosecuted the case. After a two-year battle through the federal court system, the giant railroad trust was busted in U.S. v. Northern Securities Company. Roosevelt's administration initiated antitrust proceedings against over 40 more corporations (including the Swift & Company beef trust, Standard Oil, and the American Tobacco Company).
Many progressives, like Theodore Roosevelt, possessed a fundamental conservatism, fearing that the consolidation of power and wealth in the hands of private interests threatened the morality and stability of the nation. Roosevelt's aim was not to restructure American capitalism but to protect it from its own excesses through prudent government intervention. He enforcing federal antitrust laws. The case of Northern Securities was the first case of breach of the Anti-Trust Law.
2006-12-12 10:56:58 · answer #1 · answered by Prabhakar G 6 · 1⤊ 0⤋
Northern Securities Company
2016-12-14 10:43:21 · answer #2 · answered by hinokawa 4 · 0⤊ 0⤋
Northern Securities Case
2016-09-28 01:21:54 · answer #3 · answered by ? 4 · 0⤊ 0⤋
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RE:
what did teddy roosevelt do to the northern securities company? why?
2015-08-10 19:48:52 · answer #4 · answered by Dukie 1 · 0⤊ 0⤋