Examples of trust in the following topics:
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- Wilson sought to encourage competition and curb trusts by using the Federal Trade Commission to enforce the Clayton Antitrust Act.
- In addition to the Underwood tariff, which seemed to finally resolve the political debate over tariff rates, and the creation of the Federal Reserve, Wilson also supported anti-trust legislation.
- Wilson deviated from his presidential predecessors, who relied on lawsuits to break trusts and monopolies, by founding a new trustbusting approach through encouraging competition through the Federal Trade Commission.
- Rather than the piecemeal success of Roosevelt and Taft in targeting certain trusts and monopolies in lengthy lawsuits, the Clayton Antitrust Act effectively defined unfair business practices and created a common code of sanctioned business activity.
- Wilson uses tariff, currency and anti-trust laws to prime the pump and get the economy working in a 1913 political cartoon.
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- Rockefeller organized his Standard Oil of Ohio as a common-law trust .
- Trustees were given corporate stock certificates of various companies; by combining numerous corporations into the trust, the trustees could effectively manage and control an entire industry.
- Within a decade, the Cotton Trust, Lead Trust, Sugar Trust, and Whiskey Trust, along with oil, telephone, steel, and tobacco trusts, had become, or were in the process of becoming, monopolies.
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- He was the founder of the Standard Oil Company, which dominated the oil industry and was the first great U.S. business trust.
- Rockefeller organized his Standard Oil of Ohio as a common-law trust.
- Trustees were given corporate stock certificates of various companies; by combining numerous corporations into the trust, the trustees could effectively manage and control an entire industry.
- Within a decade, the Cotton Trust, Lead Trust, Sugar Trust, and Whiskey Trust—along with oil, telephone, steel, and tobacco trusts—had become, or were in the process of becoming, monopolies.
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- Presidents Theodore Roosevelt and William Howard Taft supported trust-busting.
- Passed under the presidency of Benjamin Harrison, the act prohibits certain business activities that federal government regulators deem to be anticompetitive, and requires the federal government to investigate and pursue trusts.
- In the general sense, a trust is a centuries-old form of a contract in which one party entrusts its property to a second party.
- One of the most well-known trusts was the Standard Oil Company; John D.
- To be harmful, a trust had to somehow damage the economic environment of its competitors.
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- John Davison Rockefeller was the founder of the Standard Oil Company, a business trust which dominated the oil industry.
- He was the founder of the Standard Oil Company, which dominated the oil industry and was the first great U.S. business trust.
- This organization proved so successful that other giant enterprises adopted this "trust" form.
- In 1909, the US Department of Justice sued Standard under federal anti-trust law, the Sherman Antitrust Act of 1890, for sustaining a monopoly and restraining interstate commerce.
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- As a result of the Watergate Scandal and Nixon's impeachment hearings, the public lost faith and trust in politicians and elected officials.
- But by far the biggest impact of the crisis was the loss of the public's faith and trust in politicians and elected officials; cynicism concerning the ethics, behavior, and motives of elected officials would be deep and lasting.
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- Powerful tycoons formed giant trusts to monopolize the production of goods that were in high demand.
- Women had the opportunity to take some low positions, but virtually no women were trusted with responsibilities such as managing, or even handling money.
- Congress had passed the Sherman Antitrust Act to prevent trusts, or corporations that held stock in several different companies, from obstructing the activities of competitors.
- Though the Sherman Act was intended to target trusts, the companies sued the union under it, claiming that unions obstructed interstate commerce.
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- The pursuit of trust-busting (breaking up very large monopolies) was chief among these aims, as was garnering support for labor unions, public health programs, decreased corruption in politics, and environmental conservation.
- More, not less, regulation was necessary to ensure that society operated efficiently, and therefore, most Progressives believed that the federal government was the only suitable power to combat trusts, monopolies, poverty, deficits in education, and economic problems.
- Presidents Theodore Roosevelt and William Howard Taft supported trust-busting.
- During their presidencies, the otherwise conservative Taft brought down 90 trusts in four years while Roosevelt took down 44 in 7 1/2 years in office.
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- Leading his party and country into the Progressive Era, he championed his "Square Deal" domestic policies, promising the average citizen fairness, the breaking of trusts, regulation of railroads, and pure food and drugs.
- Progressives such as Roosevelt also bitterly attacked what they perceived as elitist, powerful, and dangerous political machines and large corporations called "trusts," which were considered unfair and illegal business ventures designed to quash natural market competition and production.
- While president, Roosevelt targeted these trusts, particularly the railroad monopolies, by increasing the regulatory power of the federal government through the Elkins Act (1903) and the Hepburn Act (1906).
- Roosevelt's successful campaign against corporate monopolies earned him the nickname "Trust Buster."
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- Thus, the deal aimed at helping middle-class citizens and involved attacking plutocracy and bad trusts while at the same time protected business from the most extreme demands of organized labor.
- Trusts and monopolies became the primary target of Square Deal legislation.
- Trusts increasingly became a central issue, as many feared that large corporations would impose monopolistic prices to defraud consumers and drive small, independent companies out.
- By 1904, 318 trusts including those in railroads, local transit, and the banking industry controlled two-fifths of the nation's industrial output.
- For his aggressive use of U.S. antitrust law, he became known as the "Trust Buster."