Theodore Roosevelt supported powerful corporations that Did Business Fairly Bullied Smaller Businesses Were Efficient
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Bonus Knowledge
Theodore Roosevelt, the 26th president of the United States, is well-known for his progressive stance and efforts to regulate corporations during the early 20th century. He believed that while large businesses could play a positive role in the economy by promoting efficiency and innovation, they should do so within the bounds of fairness and justice. His administration took major steps to break up monopolies, notably the Northern Securities Company, showing his commitment to ensuring that powerful corporations didn’t bully smaller businesses. In real-world application, Roosevelt’s policies laid the groundwork for modern antitrust laws. The Sherman Antitrust Act of 1890 was enforced under his presidency, leading to a significant reduction in corporate monopolies. These laws continue to shape today’s business landscape, reminding companies that while growth is encouraged, it shouldn't come at the expense of competition, fairness, or consumer rights. His legacy is a crucial lesson on balancing corporate power and fair market practices.
