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Sherman Anti-Trust Act
What was the Sherman Anti-Trust Act? How was it used during the Presidency of Roosevelt?
During the 19th century the emergence of what we now call the “economy” was born. Prior to 1840 there were really no such thing as “big business”. The first real “big business” was the Railroad. The building of the Railroad Empire and rail lines throughout the United States drastically changed the American way of life. Due to new abilities to travel long distances and communicate at a much faster pace than before, the American economy began to boom.
Competition between Railroad lines was a cutthroat and fierce environment. Railroad executives were in line to become extremely wealthy. Not only were the Railroad companies booming but also the steel manufacturing business was working overtime to supply steel for the railroad line. Steel companies were also experiencing stiff competition.
The re...
What was the Sherman Anti-Trust Act? How was it used during the Presidency of Roosevelt?
During the 19th century the emergence of what we now call the “economy” was born. Prior to 1840 there were really no such thing as “big business”. The first real “big business” was the Railroad. The building of the Railroad Empire and rail lines throughout the United States drastically changed the American way of life. Due to new abilities to travel long distances and communicate at a much faster pace than before, the American economy began to boom.
Competition between Railroad lines was a cutthroat and fierce environment. Railroad executives were in line to become extremely wealthy. Not only were the Railroad companies booming but also the steel manufacturing business was working overtime to supply steel for the railroad line. Steel companies were also experiencing stiff competition.
The re...
Posted by: Sylvia Schiavoni
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