What was trust-busting, History

Assignment Help:

What was trust-busting

In the late nineteenth and early twentieth century, industrialization, urbanization, and immigration transformed the United States. Twenty-six million immigrants arrived in the U.S. between 1880 and 1920. Many of these new immigrants settled in America's cities, which became extraordinarily crowded. Industrialization grew rapidly after the Civil War until, by 1894, the United States' industrial output was larger than the output of its rivals: Britain, Germany, and France. Enormous new business corporations, such as U.S. Steel and Standard Oil, gained tremendous power in the American economy and in politics. Many Progressives were determined to curb the power of these business monopolies.

Progressivism was a mixture of religious and secular impulses. Some progressives believed in the Social Gospel, a theological movement that suggested that Christians ought to save society, not individual souls. Many progressives also accepted the new influence of social science. They were impressed that social scientists could study social problems and find solutions for those problems.

At the national level, progressivism began with the presidency of Theodore Roosevelt, who became president upon the assassination of William McKinley in 1901. Roosevelt became famous for trust-busting. This meant the use of the power of the federal government to break up trusts, corporations that had gained monopoly power in their line of business. Roosevelt enforced the Sherman Anti-Trust Act (1890), which outlawed combinations "in restraint of trade. In 1904, the administration succeeded in breaking up the Northern Securities Corporation, which controlled railroads in the Northwest. Most famously, the Roosevelt administration broke up John D. Rockefeller's Standard Oil company, which dominated petroleum production in the U.S. After years of effort, the government finally split Standard Oil into several separate companies in 1911 (after Roosevelt had left office). Roosevelt also signed the Hepburn Act (1906), which regulated railroad freight rates. Roosevelt's term was also notable for his interest in conserving America's natural resources. He protected millions of acres of land by creating new national parks and forests.


Related Discussions:- What was trust-busting

Show at least two effects on u.s. citizens, Discuss at least two effects on...

Discuss at least two effects on U.S. Citizens that stem from the division of power between the federal and state governments

A main cause of the civil war, A main cause of the Civil war was that the N...

A main cause of the Civil war was that the North wanted to preserve the Union. Why do you think this was important? Why did the South believe they had the right to break the Union?

Aksum backed its currency with what commodity, 1. The Clovis points are flu...

1. The Clovis points are fluted oval spearheads found in A. South Africa B. Mesoamerica C.Alaska D. North America. 2. The clovis culture was comprised of forager bands of extend

Hebrew reilgion, What are changes in the Hebrew religion in 600bce - 600ce

What are changes in the Hebrew religion in 600bce - 600ce

Creation of the interstate commerce commission, what pressures in the late ...

what pressures in the late nineteenth century American economy led to the creation of the interstate commerce commission? Imagine that you were the head of your household during

How would american culture be different, How would American culture be diff...

How would American culture be different if we there had not been a Vietnam war?

Writ of injunction, A Writ of injunction: /a. May be issued by a court comm...

A Writ of injunction: /a. May be issued by a court commanding a person from doing certain acts; /b. May become a permanent injunction pending the results of the in-court proceeding

Major turning points of the war, JFK often sent advisers to Diem, who would...

JFK often sent advisers to Diem, who would receive them but refuse to take the advice offered. Kennedy frequently would refuse to listen to reports about Diem or Vietnam that were

The need for slave labor declined, a. The need for slave labor declined. b....

a. The need for slave labor declined. b. Many European nations outlawed immigration to North America in an attempt to build strong c. Higher populations in Europe allowed for great

Why did north korea invade south korea, Why did North Korea invade South Ko...

Why did North Korea invade South Korea? For the Korean war, I mean...?

Write Your Message!

Captcha
Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd