What does trust busting mean in history?
Trust busting is the manipulation of an economy, carried out by governments around the world, in an attempt to prevent or eliminate monopolies and corporate trusts.
What was trust busting in the Progressive Era?
Progressive reformers believed that trusts were harmful to the nation’s economy and to consumers. Progressives advocated legislation that would break up these trusts, known as “trust busting.” One example of trust busting at the national level was the Sherman Anti-Trust Act, passed in 1890.
When did trust busting happen?
The trust-busting movement began in 1904 with the Supreme Court’s decision in Northern Securities Co. v. U.S. to break up a railroad trust. Over 40 antitrust lawsuits were filed under Roosevelt.
Who Started trust busting?
Theodore Roosevelt promoted a public relations image of being a trust buster. He faced political pressure to act against the trusts.
What is meant by the term trust busting?
Government activities aimed at breaking up monopolies and trusts.
What is trust buster mean?
: one who seeks to break up business trusts specifically : a federal official who prosecutes trusts under the antitrust laws. Other Words from trustbuster Example Sentences Learn More About trustbuster.
What did trust busting do?
Government activities aimed at breaking up monopolies and trusts. (See antitrust legislation.)
What was trust-busting quizlet?
Who was Theodore Roosevelt? The president of the United States that enforced the anti trust laws in order to dissolve immoral trusts.
What does the term trust buster mean?
trustbuster. (ˈtrʌstˌbʌstə) n. (Government, Politics & Diplomacy) informal US a person who seeks the dissolution of corporate trusts, esp a federal official who prosecutes trusts under the antitrust laws.
What did trust-busting do?