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Word Count: 1,510
Monopolies and trust-busting have been an ever-present part of the vast changing economic world of free enterprise capitalism in the United States of America While the most notorious of these big trust were dissolved in the earlier part of the twentieth century there still remains an element of government concern about the development of growing corporations or the merging of huge business competitors today All of this congressional concern started with the passing of the Sherman Anti-trust Act in 1890 Other states had passed similar legislation but this legislation was limited to intrastate business The regulating questions that resulted from this act were very important to the protection of the ignorant consumers that represent the general public The Sherman Anti-trust Act named for Senator John Sherman resulted from widespread opposition to the concentration of economic power in big business and cooperation among other businesses Passed in 1890 the act did little in the years to follow because Supreme Court rulings prevented federal authorities from pursuing the regulation of the trusts With Theodore Roosevelt in office in the early twentieth century the administration took an active role and began a series of trust-busting campaigns This activism showed the true effectiveness of the Sherman Act The Supreme Court in 1904 sided with the government in its suit against the Northern Securities Company Roosevelt is a big part of the history of business in the USA Previous presidents had been unable to venture against the rich corporate owners for fear of political social or financial scrutiny from these corporate owners In the latter century presidents such as Hamilton believed that the rich should stay ri ch and that this upper class should control the country In country I mean the economic deals that decide the supply and price of goods mainly manufactured goods at that time and Roosevelts time Roosevelt fascinates me with this amazing courage to take big business head on with legislation and with downright bullying
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