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

The emergence of modern america, Emergence of Modern America The US His...

Emergence of Modern America The US History interactive timeline gives you a broad overview of the 10 eras of US History covered in this course. For more specific information on

Why, Why, around 483 BCE, were eight of the earliest stupas built? Answe...

Why, around 483 BCE, were eight of the earliest stupas built? Answer a) To contain Buddha's remains, which were divided into eight parts b) To honor the eight yakshis, the Ve

Ovid was the ultimate urban sophisticated, Ovid was the ultimate urban soph...

Ovid was the ultimate urban sophisticated and was one of the top writer of his era. Yet he died in a small province far from Rome. Who was his powerful patron, Why did become famou

Explain how congressional majorities and minorities work, I have a question...

I have a question for my 9th grade U.S. Government homework. The question says: Explain how congressional majorities and minorities work together to maintain and utilize Congressio

How were government changed during this time, what were some keys ways that...

what were some keys ways that the government changed during this time?

French and indian war, This is a question from a web lesson that is talking...

This is a question from a web lesson that is talking about the French and Indian war. Can you please help? thanks :)

How each religion is practiced today, Explain how each religion (Hinduism a...

Explain how each religion (Hinduism and Buddhism) is practiced today. Provide one (1) specific example of how each is practiced. and Identify at least two (2) ways in which each re

Different type of jobs did slaves in middle colonies hold, What different t...

What different type of jobs did slaves in the middle colonies hold? Planters failed to politically dominate the South because... A. they lived in a republican society with de

Evolution of the african american civil rights, Trace the evolution of the ...

Trace the evolution of the African American Civil Rights Movement from Plessey vs. Ferguson to the Civil Rights Act of 1966. Outline the main strategies (legal challenges, legislat

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