What Trustbuster means?

Definition of trustbuster : one who seeks to break up business trusts specifically : a federal official who prosecutes trusts under the antitrust laws. Other Words from trustbuster Example Sentences Learn More About trustbuster.

What is an example of trust busting?

One example of trust busting at the national level was the Sherman Anti-Trust Act, passed in 1890. The federal government could use this law to attack corporations whose business interests crossed over state lines.

Which president was known as a trustbuster?

Roosevelt
Roosevelt, a Republican, confronted the bitter struggle between management and labor head-on and became known as the great “trust buster” for his strenuous efforts to break up industrial combinations under the Sherman Antitrust Act.

Was Teddy Roosevelt a trust buster?

A Republican, he ran for and won by a landslide a four-year term as president in 1904. He was succeeded by his protégé and chosen successor, William Howard Taft. A Progressive reformer, Roosevelt earned a reputation as a “trust buster” through his regulatory reforms and antitrust prosecutions.

What is a trust buster quizlet?

Trustbuster. Government official who investigates commercial alliances and works to break them up if they are engaging in unfair business practices.

What did anti trust acts do?

The Sherman Anti-Trust Act authorized the federal government to institute proceedings against trusts in order to dissolve them. Any combination “in the form of trust or otherwise that was in restraint of trade or commerce among the several states, or with foreign nations” was declared illegal.

What is an example of trust busting that Theodore enforced?

What is an example of “trust-busting” that Theodore Roosevelt enforced? He broke up the Northern Securities Company. Under which president were the 16th and 17th amendments passed?

What happened to trust busting?

In 1950 Congress passed the last trust-busting law, called the Celler-Kefauver Antimerger Act, thereby closing some Clayton Act loopholes. From the 1950s into the 1970s government aggressively pursued trust-busting. An example was the FTC’s successful loosening of the Xerox Company’s control of the photocopy industry.

Why was Roosevelt a Trustbuster?

During his presidency, Theodore Roosevelt worked to restrict the amount of power held by corporate America. Roosevelt took on Industrial Trusts and J.P. Morgan Bank, and was successful in breaking up monopolies.

How did president Roosevelt acted as a trustbuster?

The Expedition Act Was Passed. Roosevelt became known as a “trustbuster,” but that didn’t mean that he thought all business combinations were bad. He made the distinction between good trusts that streamlined business production, and bad trusts that used their position to keep prices high.

What did Theodore Roosevelt do to be called a Trustbuster?

Theodore Roosevelt promoted a public relations image of being a trust buster. He faced political pressure to act against the trusts. In fact, TR was not a trust buster.

Which president broke up monopolies?

3, 1901. On this day in 1901, President Theodore Roosevelt, in a 20,000-word State of the Union message to Congress, called on lawmakers to curb the power of trusts.