<< Chapter < Page Chapter >> Page >

Although Roosevelt enjoyed the nickname “the Trustbuster,” he did not consider all trusts dangerous to the public welfare. The “good trusts,” Roosevelt reasoned, used their power in the marketplace and economies of scale to deliver goods and services to customers more cheaply. For example, he allowed Morgan’s U.S. Steel Corporation to continue its operations and let it take over smaller steel companies. At the same time, Roosevelt used the presidency as a “bully pulpit” to publicly denounce “bad trusts”—those corporations that exploited their market positions for short-term gains—before he ordered prosecutions by the Justice Department. In total, Roosevelt initiated over two dozen successful anti-trust suits, more than any president before him.

Roosevelt also showed in other contexts that he dared to face the power of corporations. When an anthracite coal strike gripped the nation for much of the year in 1902, Roosevelt directly intervened in the dispute and invited both sides to the White House to negotiate a deal that included minor wage increases and a slight improvement in working hours. For Roosevelt, his intervention in the matter symbolized his belief that the federal government should adopt a more proactive role and serve as a steward of all Americans ( [link] ). This stood in contrast to his predecessors, who had time and again bolstered industrialists in their fight against workers’ rights with the deployment of federal troops.

A cartoon entitled
This cartoon shows President Roosevelt disciplining coal barons like J. P. Morgan, threatening to beat them with a stick labeled “Federal Authority.” It illustrates Roosevelt’s new approach to business.

The square deal

Roosevelt won his second term in 1904 with an overwhelming 57 percent of the popular vote. After the election, he moved quickly to enact his own brand of Progressivism, which he called a Square Deal    for the American people. Early in his second term, Roosevelt read muckraker Upton Sinclair’s 1905 novel and exposé on the meatpacking industry, The Jungle . Although Roosevelt initially questioned the book due to Sinclair’s professed Socialist leanings, a subsequent presidential commission investigated the industry and corroborated the deplorable conditions under which Chicago’s meatpackers processed meats for American consumers. Alarmed by the results and under pressure from an outraged public disgusted with the revelations, Roosevelt moved quickly to protect public health. He urged the passage of two laws to do so. The first, the Meat Inspection Act of 1906, established a system of government inspection for meat products, including grading the meat based on its quality. This standard was also used for imported meats. The second was the Pure Food and Drug Act of 1906, which required labels on all food and drug products that clearly stated the materials in the product. The law also prohibited any “adulterated” products, a measure aimed at some specific, unhealthy food preservatives. For Sinclair, this outcome was a disappointment nonetheless, since he had sought to draw attention to the plight of workers in the slaughterhouses, not the poor quality of the meat products. “I aimed at the public’s heart, and by accident I hit it in the stomach,” he concluded with frustration.

Questions & Answers

how do you get the 2/50
Abba Reply
number of sport play by 50 student construct discrete data
Aminu Reply
width of the frangebany leaves on how to write a introduction
Theresa Reply
Solve the mean of variance
Veronica Reply
Step 1: Find the mean. To find the mean, add up all the scores, then divide them by the number of scores. ... Step 2: Find each score's deviation from the mean. ... Step 3: Square each deviation from the mean. ... Step 4: Find the sum of squares. ... Step 5: Divide the sum of squares by n – 1 or N.
kenneth
what is error
Yakuba Reply
Is mistake done to something
Vutshila
Hy
anas
hy
What is the life teble
anas
hy
Jibrin
statistics is the analyzing of data
Tajudeen Reply
what is statics?
Zelalem Reply
how do you calculate mean
Gloria Reply
diveving the sum if all values
Shaynaynay
let A1,A2 and A3 events be independent,show that (A1)^c, (A2)^c and (A3)^c are independent?
Fisaye Reply
what is statistics
Akhisani Reply
data collected all over the world
Shaynaynay
construct a less than and more than table
Imad Reply
The sample of 16 students is taken. The average age in the sample was 22 years with astandard deviation of 6 years. Construct a 95% confidence interval for the age of the population.
Aschalew Reply
Bhartdarshan' is an internet-based travel agency wherein customer can see videos of the cities they plant to visit. The number of hits daily is a normally distributed random variable with a mean of 10,000 and a standard deviation of 2,400 a. what is the probability of getting more than 12,000 hits? b. what is the probability of getting fewer than 9,000 hits?
Akshay Reply
Bhartdarshan'is an internet-based travel agency wherein customer can see videos of the cities they plan to visit. The number of hits daily is a normally distributed random variable with a mean of 10,000 and a standard deviation of 2,400. a. What is the probability of getting more than 12,000 hits
Akshay
1
Bright
Sorry i want to learn more about this question
Bright
Someone help
Bright
a= 0.20233 b=0.3384
Sufiyan
a
Shaynaynay
How do I interpret level of significance?
Mohd Reply
It depends on your business problem or in Machine Learning you could use ROC- AUC cruve to decide the threshold value
Shivam
how skewness and kurtosis are used in statistics
Owen Reply
yes what is it
Taneeya
Got questions? Join the online conversation and get instant answers!
Jobilize.com Reply

Get Jobilize Job Search Mobile App in your pocket Now!

Get it on Google Play Download on the App Store Now




Source:  OpenStax, U.s. history. OpenStax CNX. Jan 12, 2015 Download for free at http://legacy.cnx.org/content/col11740/1.3
Google Play and the Google Play logo are trademarks of Google Inc.

Notification Switch

Would you like to follow the 'U.s. history' conversation and receive update notifications?

Ask