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Theodore Roosevelt first gained fame as a trustbuster by attacking which monopoly in 1902? J.P. Morgan Chase General Electric Northern Securities Standard Oil

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Theodore Roosevelt first gained fame as a trustbuster by attacking which monopoly in 1902?
J.P. Morgan Chase
General Electric
Northern Securities
Standard Oil

Theodore Roosevelt first gained fame as a trustbuster by attacking which monopoly in 1902? J.P. Morgan Chase General Electric Northern Securities Standard Oil

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Coralmaestro · Tutor durante 5 años
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Northern Securities

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## Step 1<br />The question is asking about a specific historical event where Theodore Roosevelt, the 26th President of the United States, targeted a particular monopoly in 1902. This event is significant because it marked the beginning of Roosevelt's presidency and his reputation as a trustbuster.<br />## Step 2<br />Theodore Roosevelt is known for his progressive policies and his efforts to break up monopolies, which were large corporations that controlled a significant portion of the market in a particular industry. This was part of his broader strategy to promote competition and prevent the concentration of economic power in the hands of a few.<br />## Step 3<br />The options provided are J.P. Morgan Chase, General Electric, Northern Securities, and Standard Oil. Among these, the correct answer is Northern Securities. In 1902, Roosevelt targeted the Northern Securities Company, a large railroad trust, under the Sherman Antitrust Act. This act was a federal statute passed by Congress to limit monopolies.<br />## Step 4<br />Theodore Roosevelt's administration successfully sued Northern Securities, marking the first time the Sherman Antitrust Act was used to break up a large corporation. This action earned him the reputation of a trustbuster and set the stage for his future policies and actions against monopolies.
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