Information AboutTrust-busting |
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Trusts were large business entities that largely succeeded in controlling a Market , essentially becoming a Monopoly . The term became common in the late 19th Century , when a system of trusts controlled much of the Economy Of The United States . In 1898 , President William McKinley launched the "trust-busting" era when he appointed the U.S. Industrial Commission On Trusts , which interrogated Carnegie , Rockefeller , Schwab , and other industrial titans. The report of the Industrial Commission was seized upon by Theodore Roosevelt, who based much of his presidency on "trust-busting". A person who engages in trust-busting is known as trustbuster. Senator John Sherman from Ohio, introduced legislation on July 2, 1890 to prevent Trust from forming. See also
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