Theodore Roosevelt (1858-1919) is a highly debated American figure. Many critics question his success in his presidency, while others glorify this battle torn American hero. His presidency was spontaneous. He did not know he was going to become the president, but fate worked its grasp around Roosevelt’s future, turning him from a new Vice President into the youngest appointed President in history. His energy inspired some, and turned away others. While in his presidency, Theodore Roosevelt experienced moderate success in his role as an economic regulator of big business.
In some cases, Teddy Roosevelt showed his ability to bust trusts. Trusts were a monopoly on goods or services, usually managed by a large overarching corporation. Trusts were illegal under the Anti-Sherman Trust Act of 1890. Unenforced, the act rarely was useful or used to eliminate trusts in the American economy. The act became more prolifically used under the Roosevelt administration like in the case of the Northern Securities Company, which was a railroad conglomerate. In 1904, the Supreme Court upheld charges against the company under the Anti-Trust Act, exemplifying the President’s administration’s battle against trusts, yet Roosevelt did not stop at this case. …show more content…
In 1903, he helped pass a law called the Hepburn Act. The act helped support more government action. Specifically, the act empowered the ICC, or the Interstate Commerce Commission, by giving them the ability to regulate shipping rates. The bill was slowed by Congress, who saw the act as a step in the wrong direction. They believed the government was extending its bounds. Personally stepping in, Teddy supported and pushed the bill through Congress, until it finally passed. Teddy exhibited his ability to personally get legislation through government
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During this time period the outstanding debt of the national government decreased as a whole, which showcases that despite how the government was centering more attention on nonmilitary activities and likely interfering with laissez faire, the economy of the country improved as a whole. Government interference through the interstate commerce act also proved to be beneficial to both the party it was interfering on behalf of and the railroad systems. The act was seen as necessary in order to “conserve and protect” without harming the interests of the enterprises. It was in this same point of view that John Sherman created the Sherman Antitrust Act, for the sake of aiming at unlawful combinations and not harming any innocent enterprises. However, congress did follow in accordance to laissez faire when they resolved to no longer grant subsidies to corporations or private
Teddy Roosevelt was the 26th president who served from 1901 to 1909. Teddy Roosevelt has taken many actions to address critical problems facing the nation. After Roosevelt has addressed the issue it has lead to a positive conclusion. Two issues that he resolved were how he averted a national emergency by dealing with the 1902 coal strike. Another issue is how he made Conservation of land a national issue.
The progressive presidents all took a multitude of measures to give the government more control over corporations by breaking up monopolies and busting trusts, but none of them advanced the concept of socialism that populists had wanted. President Theodore Roosevelt did not necessarily want to break down big companies, but wanted to even the playing field and created a program called the Square Deal that kept big businesses from taking advantage of small companies and the poor. This program was aimed towards helping the middle class and attacking bad trusts and satisfied a populist contention on controlling monopolies. In 1903, he passed the Elkins act, which stopped railroads from giving rebates for bigger businesses. This stabilized and reduced
Theodore Roosevelt was the first modern president of the United States of America. From September 14, 1901 to March 4, 1909 Roosevelt redefined foreign policy and political framework of the United State's and set the country on the path to becoming the first world super power of the 20th century. "He is exactly the right man for the times". (Documentary) Theodore embodied the new century. A young man full of new ideas for a changing time.
Theodore used the Sherman Anti-Trust Act to break apart many monopolies that he thought had gone bad. President Roosevelt believed that the huge “trust bosses” were acting foolish, because they were as rich as possible and didn’t care or notice to care about the common man and the desperately struggling poor. Theodore Roosevelt advocated for arbitration and became the “Trustbuster” because of all of the hard work that he put in as
Teddy Roosevelt was born in 1858. He lived in New York city for his childhood. Many things made him such a great president, along with much of the things that he had accomplished. Teddy Roosevelt was president from 1901-1909. He became president after President McKinley was assassinated.
Theodore Roosevelt, the 26th president of the United States was an exceptional man in the history of United States. After the assassination of President McKinley, Roosevelt was sworn into presidency right away becoming the youngest president. Through many challenges that Roosevelt faced, he overcame every obstacle showing his concern and love for the nation. He loved the United States and his love for the nation made him the best president in the United States history.
It included social reform, labor unions, and new rights to people. The several acts that Roosevelt put through Congress included the Elkins Act, the Hepburn Act, Meat Inspection Act, and the Pure Food and Drug Act. These acts were designed to level the playing field, so to speak, and prevent monopolies from controlling every aspect of the economy. The Elkins Act prevented rebates to favored customers, allowing different businesses and producers to have the same access to transportation, creating huge increases in supplied goods. The Hepburn Act did a similar thing: Preventing railroads from charging “unreasonable” prices.
One of Roosevelt's dominant views was that the government had the right to control big business to protect the welfare of society. Mr. Roosevelt kept that philosophy in mind and Congress passed the Sherman Antitrust Act in 1890, whereas former Presidents had only used it carefully. Sherman Antitrust Act prohibits certain business activities that federal government overseers deem to be anti-competitive, and requires the federal government to investigate and pursue trusts. (U-S-History.com, 2017). During Roosevelts presidency, J. P Morgan was dismantled because it violated the Sherman Antitrust Act.
On September 5, 1901, President McKinley was shot by anarchist Leon Czolgosz; McKinley would go on to die eight days later and 42-year-old Theodore Roosevelt would become the youngest president in American history serving from 1901 to 1909. Republican Theodore Roosevelt history consists of being a governor, a writer, lawyer, an author, and a soldier. His service peaked during the Spanish-American War when Roosevelt resigned as assistant secretary of the Navy to volunteer for service as commander of the 1st U.S. Volunteer Cavalry-the Rough
Roosevelt was famous for using was the Sherman Antitrust Act, he stopped robber barons such as J.P. Morgan and John Rockefeller from totally destroying competition. The most notable break up was the separation of Rockefeller’s Standard Oil, once split up into four different oil companies, many journalists and historians put it in one of the top 100 events that changed America during the twentieth century. He would go on to stop over 40 trusts in court using this act during his second term in office (Hillstrom 67). President Roosevelt stopped corrupt political machines in New York City, he was able to stop city bosses like Boss Tweed with “good values and hard work,” (Hillstrom 70). Lastly, Mr. Roosevelt took pride in that later on, his work would allow for easier federal regulation in the future.
Another thing he did was the Pure Food and Drug Act and this act was to restrict foods so that businesses had to tell the truth about what was in their food with a ingredients label (which still exist today). This act would be another act tied in with economic reform, because this act reformed businesses to where they have to be more honest about their food with telling the customers exactly what is in them. But this act along with the Meat Inspection Act would also be social welfare, because it is trying to make food more sanitary for the people to eat and make people more healthy. Furthermore Roosevelt was named a Trust Buster for breaking up a lot of trusts. The first trust he broke up was the Northern Cooperation which was a railroad.
Other presidents were also able to establish antitrust reforms. President Woodrow Wilson established the Federal Trade Commission Act, aimed to prevent monopoly, and the Clayton Antitrust Bill. As Document E illustrates, the Clayton Antitrust Bill claims it unlawful to "lessen competition” or “tend to create a monopoly in any line of commerce". Although Presidents Roosevelt and Wilson established reforms to stop monopoly, they still had many holes in their trust-busting campaign which severely limited the full effects of
He truly cared about helping the common people and was a role model to other leaders, which is why he is known for his eager personality, leadership skills, and his “big stick” approach. Theodore Roosevelt was an important figure in American History because of his significant contributions on American life and foreign affairs. Theodore Roosevelt Jr. was born
Franklin D. Roosevelt, A Great Leader Franklin Roosevelt was an amazing leader for the U.S and the allied powers. Assuming presidency to a troubled nation in 1933, Roosevelt lead our nation out from under the depression, and battled polio whilst overhauling our nation for the war. Through his military prowess, perseverance in policy, and ambition to cooperate, Franklin D. Roosevelt put our nation forth for success. Franklin Roosevelt will be forever remembered as a great leader.