Sunday, December 03, 2006

TR: Ardent Trust-Buster? Or moderate?

Classifying Teddy Roosevelt as moderate at anything is laughable, especially with the nickname: "Bully" Activist. Yet during his 1901 20,000-word speech on business conglomerations, he called on Congress to curb the nation's trusts. "[W]ithin reasonable limits." From a wealthy family, he wanted more conservative approaches to business, with policy that balanced free market principles with the "best interests" of the American public. Trusts could exist, but with carefully placed limits.

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