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Date Posted: 07:12:43 01/21/03 Tue
Author: Beth
Subject: Ch 22 Government, Capital , and Labor

Government, Capital, and Labor
A. Roosevelt’s Vision of Federal Power
1. Envisioned the federal government not as the agent, but as mediator of the public good, with the president at the center
a. his policies lead toward the great industrial combinations
b. was not opposed to the principle of economic concentration
i. but he acknowledged that consolidation produced dangerous abused \of power
2. desire to win the gov. power to investigate the activities of corporations and publicize the results
a. pressure of educated public opinion would eliminate most of corporate abuses
b. in 1903 the Bureau of Corporations
B. Northern Securities Company
1. in 1902 he ordered the justice Department to call upon the Sherman Antitrust Act against a great new railroad monopoly in the Northwest, The Northern Securities Company, a $400 million enterprise
a. pieced together by J.P Morgan, E. H. Harriman, and James J. Hill
2. the Supreme Court ruled that the Northern Securities Company must be dissolved
3. Roosevelt has no serious commitment to reverse to reverse the prevailing trend toward economic concentration
a. he filed forty more additional antitrust
C. labor
1. in 1902 strike by the United Mine Workers against the anthracite coal industry
a. when it dragged on long enough to endanger coal supplies for the up coming winter, Roosevelt stepped in

2. several times this happened

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