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Politics : Formerly About Advanced Micro Devices -- Ignore unavailable to you. Want to Upgrade?

To: michael97123 who wrote (401312)	7/24/2008 1:47:49 PM
From: Brumar89	Read Replies (1) \| Respond to of 1577068

The trust-busters were Republicans - not just Teddy Roosevelt, but Taft, McKinley, John Sherman (the Sherman Act Sherman): Theodore Roosevelt is the U.S. president most associated with dissolving trusts, but his chosen successor William Howard Taft, actually began the most of the anti-trust proceedings. Trusts were large business entities that largely succeeded in controlling a market, essentially becoming a monopoly. The term became common in the late 19th century, when a system of trusts controlled much of the economy of the United States. In 1898, President William McKinley launched the "trust-busting" era when he appointed the U.S. Industrial Commission on Trusts, which interrogated Andrew Carnegie, John D. Rockefeller, Charles M. Schwab, and other industrial titans. The report of the Industrial Commission was seized upon by Theodore Roosevelt, who became known as a "Trust Buster," dissolving 44 trusts during his two terms as president. However, the "Trust Buster" name is probably more suited for Roosevelt's successor, William Howard Taft, who brought an end to 90 trusts in one term. Although Taft may have done more to control the trusts while in office, Roosevelt retains the nickname because he was the pioneer of trust-busting. Senator John Sherman from Ohio introduced legislation, the Sherman Antitrust Act, on July 2, 1890 to prevent trusts from forming. The Clayton Antitrust Act was enacted in 1914 to remedy deficiencies in the Sherman Act. en.wikipedia.org You were educated by liberal Democrats, I expect.