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Leigha Schweiger - Chapter 28 Study Guide - Teddy Roosevelt Presidency 1
Leigha Schweiger - Chapter 28 Study Guide - Teddy Roosevelt Presidency 1
Leigha Schweiger - Chapter 28 Study Guide - Teddy Roosevelt Presidency 1
AP U.S. History
** CONTROL OF CORPORATIONS:
1. Interstate Commerce Commission
Hepburn act of 1906. free passes and hints of bribery was severely restricted. “For the first time, the commission was
given real molars when it was authorized, on the complaint of shippers, to nullify existing rates and stipulate
maximum rates.”
2. Roosevelt’s antitrust bludgeon
Roosevelt as a trustbuster first appeared in 1902 with an attack on the Northern Securities Company , a railroad
holding company organized by financial titan J.P Morgan and empire builder James J. Hill. they wanted to achieve a
virtual monopoly of the railroads in the Northwest. Roosevelt challenged the most regal potentates of the industrial
aristocracy. the company was ordered to be dissolved. then lead to other monopolists to fall.
1. Roosevelt Panic of 1907- On wall street the financial flurry featured frightened “runs” on banks, suicides, and
criminal indictments against speculators. they blamed Roosevelt. the had a shortage of money and was
unable to make more
2. The Legacy of Teddy Roosevelt- he remains the youngest person to become president of the United States.
Roosevelt was a leader of the progressive movement, and he championed his “square Deal” domestic
policies, promising the average citizen fairness, breaking of trusts, regulation of railroads, and pure food and
drugs.