Table of Contents
What act did Roosevelt prosecute bad trusts?
the Sherman Act
Despite his generally pro-business outlook, Roosevelt disliked the corruption and arrogance of the new class of super rich. In 1902, public demands for “trustbusting” (breaking up the monopolies) prompted him to file suit under the Sherman Act against the biggest railroad trust in the country.
What industry did Roosevelt first break up trusts?
The most famous, and the first major trust that Theodore Roosevelt broke up through executive action was the Northern Securities Trust, a major trust controlled by railroads in the Northwest and heavily financed with capital by J.P. Morgan.
Why was the Square Deal Important?
The Square Deal was based on three basic ideas: conservation of natural resources, control of corporations, and consumer protection. The Square Deal sought to protect both business and labor, and to ease the radical voice in both and reach a compromise.
What is the difference between a good trust and a bad trust?
If a trust controlled an entire industry but provided good service at reasonable rates, it was a “good” trust to be left alone. Only the “bad” trusts that jacked up rates and exploited consumers would come under attack.
How did the Square Deal Impact control of corporations quizlet?
It called for control of corporations, consumer protection, and conservation of natural resources. It denounced special treatment for the large capitalists and is the essential element to his trust-busting attitude. This deal embodied the belief that all corporations must serve the general public good.
What was the main idea of the Square Deal?
Theodore Roosevelt’s Square Deal. The main idea of Square Deal introduced by President Theodore Roosevelt was reducing inequality. The three Cs of Roosevelt’s Square Deal were control of corporations, consumer protection, and conservation of natural resources.
What did the Square Deal stand for in 1909?
He explained in 1901-1909: When I say that I am for the square deal, I mean not merely that I stand for fair play under the present rules of the game, but that I stand for having those rules changed so as to work for a more substantial equality of opportunity and of reward for equally good service.
What was the three C’s of the Square Deal?
Roosevelt reflected three basic goals: conservation of natural resources, control of corporations, and consumer protection. These three demands are often referred to as the “three C’s” of Roosevelt’s Square Deal.
When did the Square Deal for every man come out?
A man who is good enough to shed his blood for his country is good enough to be given a square deal afterwards.” In October 1904, while Roosevelt was readying publication of his book A Square Deal for Every Man (Chicago, R. J. Thompson, 1905), The New York Times reported: