1 jan 1903 ano - Elkins Act

Descrição:

Roosevelt generally supported the needs of private enterprise, but on occasion he challenged corporations in new ways. During a bitter 1902 coal strike, for example, he threatened to nationalize the big coal companies if their owners refused to negotiate with the miners’ union. The owners hastily came to the table. Roosevelt also sought better enforcement of the Interstate Commerce Act and Sherman Antitrust Act. He pushed through the Elkins Act (1903), which prohibited discriminatory railway rates that favored powerful customers. That same year, he created the Bureau of Corporations, empowered to investigate business practices and bolster the Justice Department’s capacity to mount antitrust suits. The department had already filed such a suit against the Northern Securities Company, arguing that this combination of northwestern railroads had created a monopoly in violation of the Sherman Antitrust Act. In a landmark decision in 1904, the Supreme Court ordered Northern Securities dissolved.

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