Theodore Roosevelt Addresses Trust Regulation
December 3rd, 1901
December 3rd, 1901

How Long Ago?
123 years, 3 months, 12 days ago
Location
Washington, D.C., USA
Category
Politics & Government
People
- Theodore Roosevelt
Links & References
Tags
Theodore Roosevelt Addresses Trust Regulation
U.S. President Theodore Roosevelt submitted a comprehensive report to the House of Representatives, consisting of around 20,000 words, advocating for stricter regulations on trusts. This significant message underlined Roosevelt's commitment to curtailing corporate power deemed excessive and harmful to public welfare. The report was notable for not being delivered in person, emphasizing the importance of the issue at hand.
Roosevelt's report totaled approximately 20,000 words.
Trust regulation was a key issue of the Progressive Era.
The address was not delivered in person to Congress.
It initiated a push for future antitrust legislation.
What Happened?
In a notable legislative communication, President Theodore Roosevelt prepared a 20,000-word message to the House of Representatives, advocating for the regulation of trusts. With the rapid rise of powerful corporations in the late 19th and early 20th centuries, public concern over monopolistic practices and the concentration of economic power grew significantly. Roosevelt's report reflected this sentiment, calling on Congress to take action to curb the influence of trusts within reasonable limits. The message marks a pivotal moment in the Progressive Era, symbolizing a shift towards more government intervention in economic affairs to protect consumers and promote fair competition.
This address was not made in person, a reflection of the evolving nature of presidential communication with Congress. The method of delivering such a detailed report in written form not only highlights Roosevelt's thorough approach but also indicates his strategic thinking regarding how best to appeal to lawmakers. The content detailed various reforms and the rationale for controlling corporate actions, which were seen as potentially harmful to the economic wellbeing of the average American.
Roosevelt's push for trust regulation aligned with his broader Progressive agenda, which aimed to address societal issues caused by industrialization and urbanization. This report eventually laid the groundwork for future legislation, including the Sherman Antitrust Act's enforcement and the establishment of more regulatory bodies. Roosevelt's presidency is often viewed as a crucial period of reform, influencing the future direction of American economic policy.
Why Does it Matter?
This report by Theodore Roosevelt is significant as it marks the rising awareness of the need for government intervention in regulating corporate power. It reflects a turning point in American politics where the government began to take a more active role in economic regulation to protect consumers and small businesses from the excesses of large trusts. Roosevelt's efforts are foundational to subsequent antitrust laws and regulatory frameworks that define U.S. economic policy today.
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