A. P. U. S. History Notes

Download 111.26 Kb.
Size111.26 Kb.
1   ...   31   32   33   34   35   36   37   38   ...   85
Mann-Elkins Act, 1910: The Mann-Elkins Act further extended the regulatory ability of the ICC. It allowed them to regulate cable and wireless companies dealing with telephone and telegraph lines. The ICC was also given greater rate-setting power as well as the ability to begin court proceedings against companies disputing the new rates.

 "trustbuster": Teddy Roosevelt, deeply conservative at heart, did not want to destroy the big corporations that he saw necessary to American life. He did, however, believe that they must be held to strict moral standards. He earned the "trustbuster" name when he filed suit against the Northern Securities Company, followed by 43 other cases. He left many of the larger companies serving the public good alone, but he broke up many other large, monopolistic companies in the interests of American welfare and economy.

Northern Securities Co. case: This was the first company Roosevelt filed suit against in his trustbusting stage. It was a large holding company formed by railroad and banking interests. In 1902 Roosevelt "trustbusted" them by claiming they violated the Sherman Anti-Trust Act in holding money against the public good. The company was dissolved.

Share with your friends:
1   ...   31   32   33   34   35   36   37   38   ...   85

The database is protected by copyright ©essaydocs.org 2020
send message

    Main page