Theodore Roosevelt And Monopolies

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Theodore Roosevelt is widely regarded as the first modern president of the United States. He is known for his achievements in the social, political, and business world during the Progressive Era. His achievements helped shape and change America for the better, and because of this impact, he is one of the faces found on Mount Rushmore. His many reforms for big business, conservationism, and his impact on the meat packing industry, all made President Roosevelt one of the most significant Presidents in all of history.
Roosevelt did all of this through the power of his personality and through aggressive administrative action. By imposing his power as President, Roosevelt cracked down on monopolies to establish fairness for all workers.
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Likewise, Roosevelt believed that big business had an important role to play in society, but at the same time, he also knew that business owners would put an importance on profits above all other issues. Therefore, he was determined to pass laws, such as the Sherman Antitrust Act, that would force people to comply with certain rules and standards, ensuring fair wages, hours, and working conditions (“Theodore Roosevelt,” Britannica). The Sherman Antitrust Act was an act passed in 1890 to limit and restrict monopolies. A monopoly occurs when a single or a group of cooperative companies have control and power over a certain aspect of the economy. This act was intended to promote competition by preventing trusts from forming and increasing prices of various products (Abrams). An example of President Roosevelt cracking down on businesses that violated the Sherman Antitrust Act could be seen when the government had filed a lawsuit against Northern Securities, a recently merged Western railroad Company. This company had become a monopoly and Roosevelt had decided to help dismantle it into smaller companies. While doing so, President Roosevelt was lambasted and attacked for going against this industry, especially because so many big companies had put a surplus amount of money into this …show more content…
As the nineteenth century began, the frontier was being destroyed and many animals were unprotected and threatened. Many people, including President Roosevelt, saw a need to preserve the nation's natural abundance of resources. He wanted to protect animals and land from businesses that he saw as a threat (“United States,” Britannica). As president of the United States, Theodore Roosevelt made the policy of conservatism a major central issue of his administration. For instance in 1902, President Roosevelt passed the Newlands Reclamation Act to promote the federal construction of dams and other irrigation projects in order to preserve the land and make arid land farmable (Abrams). Furthermore, Roosevelt had also created five National Parks, fifty-one National bird Reservations, four Big Game Refuges, and the National Forest Service (“Theodore Roosevelt National Park,” Britannica). President Roosevelt advocated and encouraged for the viable use of the nation's natural resources, the preservation of wild habitats and the preservation and management of wild game. (“Theodore Roosevelt National Park,” Britannica).Believing that the source of American character and American wealth came from the land itself, Roosevelt believed conservationism was a movement necessary to preserve and to enhance

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