Trusts During The Economic Elements Of The Progressive Era

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The economic elements of the Progressive Era revolved mainly around the trusts that had a hold of the economy, as well as the trust-busting that Roosevelt took part in at the time. Big companies started taking over the economy due to the building monopolies and Roosevelt became determined to break up the damaging trusts. For example, oil companies such as Rockefeller’s and Standard Oil had basically dominated the whole oil industry during this time by driving out smaller business and intimidating railroad industries to transport their oil. Previously mentioned companies like Rockefeller’s proposed that their trusts allowed for economic advancements such as oil management and steady jobs for men, but most trusts threatened the public interests

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