Trust-busting

William McKinley and Theodore Roosevelt were U.S. presidents active in disolving trustss. Trusts were large business entitities that largely succeeded in controlling a market, essentially becoming a monopoly. The term became common in the late 19th century, when a system of trusts controlled much of the economy of the United States. In 1898, President William McKinley launched the 'trust-busting' era when he appointed the U.S. Industrial Commission on trusts, which interrogated Carnegie, Rockefeller, Schwab, and other industrial titans. The report of the Industrial Commission was seized upon by Theodore Roosevelt, who based much of his presidency on "trust-busting". \n

See Also

\n*Antitrust\n*Commissioner Andrew L. Harris, Governor of Ohio, appointed by McKinley to Commission\n*Corporation\n*History of the United States (1865-1918)\n*'Malefactors of Great Wealth'\n*U.S. Industrial Commission of 1898 (1898-1902) Category:United States economic history