Which of the following statements reflects Theodore Roosevelt's position on big business?
He believed he should support big business since his country was the world's industrial leader.
Roosevelt faces publicity on businesses that lacked ethics or poor business practices.
Roosevelt was impressed by the way big businesses could elevate to such success no matter how they became successful.
Roosevelt cooperated with business leaders at all times.
Answers
Answer:
Roosevelt faces publicity on businesses that lacked ethics or poor busines practices.
Explanation:
President Roosevelt sought to regulate large corporation during both of his terms. He considered big business to be an essential factor in the nation's growth, however, he felt that they must also behave responsibly.
In 1902, the president began "busting" trusts by having the U.S. attorney general sue the Northern Securities Company, which was controlled by J.P. Morgan and railroad barons James J. Hill and E.H. Harriman. The company had monopolized railroad shipping from Chicago to the Northwest. In 1904, the Supreme Court ruled that the monopoly violated the Sherman Anti-Trust Act and ordered the corporation to dissolve.
Encouraged by this victory, Roosevelt's administration launched a "trustbusting" campaign. It filed 44 suits against business combinations believe to not be in the interest of the public good. Roosevelt said that it was not the size that mattered, but whether or not the trust was good or bad for the public.