How Did Theodore Roosevelt Create Monopolies?
As long as the businesses didn’t abuse their power he didn’t see a need to intervene, but if they did he would step in and create regulations to prevent it from continuing. William Howard Taft was a candidate for presidency during the election of 1908. He was chosen by Roosevelt to succeed and as a result he went on to win that primary. An election he easily won due to the fact that the voters believed he would continue with Roosevelt’s policies, but unfortunately he signed the Payne-Aldrich Tariff which was put in place to raise tariffs. Eventually this led to the Pinchot-Ballinger Affair, an affair that resulted when Richard A. Ballenger turned over coal-rich government lands in Alaska to a group of investor friends, who went on to sell part of the land to a mining syndicate without Ballinger knowing. Once this information reached the Chief Forester, Gilford Pinchot he informed the president and when he as president chose not to intervene, Pinchot went to the press and as a result, he was