Trusts and cartels were designed to avoid regulations and act as monopolies.
The monopolies and trusts caused corruption in the government by supporting pro-business representatives in the Senate and House of Representatives. Also, because these vast corporations had so much power in the economy America, they threatened the government into behaving to their desire by reminding it that they could destroy the economy very easily. So basically, the government was a puppet to the seemingly more powerful business woners like John Rockefeller and J. P. Morgan.
Eliminated competition
Monopolies are regulated to protect consumers. An unregulated monopoly can charge prices higher than the efficient level of production which causes some consumers to be left out of the market. Governments can combat this by breaking up monopolies with antitrust laws and turning monopolies into public entities.
The monopolies commission, or to give it its' full title "The Monopolies and Mergers Commission" exists to prevent monopolies and mergers of companies that may be against the public interest.If 2 such commissions were in existence at the same moment in time then they could merge.So by virtue of remaining a solitary public institution the monopolies commission is fulfilling its' role by preventing a future merger that may be contrary to the public interest.
trust-busting
Theodore Roosevelt
Under Teddy Roosevelt, Roosevelt and Congress became known as trust-busters and broke up monopolies
Under Teddy Roosevelt, Roosevelt and Congress became known as trust-busters and broke up monopolies
Theodore Roosevelt called the trust buster because of his efforts to break up trusts and outlaw business monopolies.
Theodore Roosevelt worked to get laws passed that outlawed large trusts and broke up monopolies in business.
Public pressure for a federal law to prohibit trusts and monopolies led congress to pass the sherman antitrust act in 1890.
Sherman Anti-trust laws/act
it destroyed some illegal trusts (monopolies), but it didn't do that much to stop the ever growing number of monpolies and trusts.
The President who was called the trustbuster because he was the first to break up trusts and monopolies was Theodore Roosevelt. He believed in regulating big business to promote fair competition and protect consumers, leading to several antitrust prosecutions during his presidency in the early 1900s.
breaking up business trusts and giant monopolies
The government did not approve of them because it effected the economy especially teddy Roosevelt he was known as the trust buster and he broke up bad trusts or monopolies.