The Everything Theodore Roosevelt Book: The extraordinary life of an American icon (Everything®) by Arthur G. Sharp

Author:Arthur G. Sharp [Sharp, Arthur G.]
Language: eng
Format: epub
ISBN: 9781440527654
Publisher: F+W Media, Inc.
Published: 2011-08-17T21:00:00+00:00

NSC’s attorneys argued that the company did not engage in interstate commerce; it was merely a stockholder. The case reached the U.S. Supreme Court. By a margin of 5-4, the justices agreed with the government and ordered the company’s breakup. That was a major victory for the president.

The government’s victory heightened TR’s popularity with the people. More important, it put a halt to railroad operators’ efforts to consolidate the nation’s railroads into a monopoly and lessened business giants’ zeal for creating holding companies.

Finally, it put the Morgans, Hills, and Harrimans of the business world on notice that they were not safe from anti-monopoly lawsuits or legislation. TR had already proved that to unions. Now he showed business owners that he was willing to regulate them as well.

The NSC victory was only the first for TR. Later, other trusts, such as Standard Oil, suffered the same fate. President Roosevelt proved that he was an equal opportunity arbiter when it came to creating as stable a business environment as possible for U.S. companies—and for the people they served.

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