15 sept. 1903 - Supreme Court rules
Northern Securities Company
as a unlawful (Mar. 1904)
Description:
TR first attacked Northern Securities Company (1902); JP Morgan’s & James J. Hill’s RR holding company; Morgan & Hill got massive monopoly of RR in NW → TR challenging v powerful boys; RR promoters appealed to Supreme Court (1904), upheld TR’s antitrust suit, ordered Northern Securities Company to be dissolved; Decision scared Wall Street, angered big business, enhanced TR’s image as trust-smasher;
Ajouté au bande de temps:
APUSH Unit 2
Date:
