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Monopolies During The Progressive Era

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During the Progressive Era there were multiple of changes occurring that people became overwhelmed. New resources in the oil market, industrialization, fights for equality. There were many factory jobs, however, no one to stand up for the workers. So of course people will turn to their government for help, the power house of the country. However, even the government was picky in what they helped with. During this time three different president- Roosevelt, Taft, and Wilson-each played a part in fixing the monopolies and corporate greed. Breaking up one company into many, securing that not one person made all the profit. Which is good for the economy, being able to share the wealth. Yet, the government didn 't bother in touching other important
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Theodore Roosevelt, the President at the time, argued that the big corporations needed to be controlled and strongly supervised by the government to avoid any issues (Doc 2). In his speech, Roosevelt shared the various principles of his Square Deal, which was his program that promised to regulate business and protect the American consumer. Ultimately, the government gained power over big business during the Progressive Era, which could be seen by the Clayton Antitrust Act, which was a strong act aiming to regulate business that replaced the weaker Sherman Antitrust Act. However, this didn’t necessarily mean that the government and business were enemies during the Progressive Era. Occasionally, some business leaders would even become involved in government to make it more efficient and beneficial for business owners.

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When Theodore Roosevelt saw that trusts, or monopolies, were cheating millions of Americans, he did not stand by idly; he aggressively utilized the Sherman Antitrust Act to break up monopolies, causing some to mock him as the “trust-buster.” When Franklin Delano Roosevelt was faced with the worst economic recession in American history, he did not utilize moderate, monetarist economic policies; he passed what many would consider to be the most aggressively liberal economic policies in American history in the New Deal, which created programs like Social Security and the minimum wage, even though most of the New Deal was controversial and parts would be struck down by the Supreme

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Trusts, or large monopolies, were corporations that combined and lowered their prices to drive competitors out of the business. This infuriated many americans at that time because it allowed such a small number of people to become wealthy, or even successful at all. When Theodore Roosevelt became president, he sympathized with workers unlike most of the presidents in the past who usually tried to help the corporations. As illustrated in Document A, Roosevelt wanted to hunt down the bad trusts ad put a leash on the good ones in order to regulate them. However, it only had a limited effect because the government was unable to control the activity of banks and railroads which were two of the most powerful industries in the world.

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