Word: antitrust
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Dates: during 1950-1959
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...power base secure, T.R. kicked off a momentous new-century campaign to save his countrymen from "government by plutocracy or by mob." His first milestone breakthroughs: 1) first successful antitrust suit brought by an American President to dissolve a corporate monopoly-the Northern Securities Co.-to safeguard right of free competition; 2) first mediation between management and labor by an American President-in the great anthracite coal strike-to safeguard the public welfare, including the rights of labor. But T.R., conservative, added: "I wish the labor people absolutely to understand that I set my face like flint against violence...
...hurled forth antitrust suit after antitrust suit after antitrust suit that led to indictments, including a heavy blow at John D. Rockefeller Sr.'s mammoth Standard Oil Co. "Darkest Abyssinia never saw anything like the course of treatment we received," cried Standard Oil's John D. Archbold. The President maneuvered through Congressional bear trapes to get the U.S.'s first Pure Food bill. He got the U.S.'s first law providing for federal inspection of slaughterhouses. After a power play in Congress with the G.O.P. right wing, after ^a masterful display of coalition-juggling and issue...
Eager as a beaver, American Motors President George Romney appeared last week before the Senate Antitrust and Monopoly Subcommittee investigating auto prices. The committee, which is concentrating on the Big Three, had not originally invited Romney; he himself had asked to appear. But the committee was soon delighted that...
...went into the banana hauling business. Since then his company has grown into United Fruit Co., the world's largest banana producer and carrier (1957 sales: $342.3 million), which currently accounts for 60% of the U.S. market. United grew so large that in 1954 the Government filed an antitrust suit against it, charging that the company controlled the banana lands of Central America and monopolized the banana trade. Last week, on the eve of a trial in New Orleans Federal District Court, United agreed to a consent decree under which it will create a new competitor...
...Senate Office Building, where the Senate's Antitrust and Monopoly Subcommittee was investigating auto prices (see NATIONAL AFFAIRS) , G.M.'s President Harlow Curtice was drawn into the argument as he explained why the 1958 Chevy is better than the model of ten years ago. It weighs 324 lbs. more, is almost a foot longer and five inches wider. Wyoming's Democratic Senator Joseph O'Mahoney interrupted: "You say it is a better car because it is longer, wider and heavier. Have you received any complaints from people who believe these things are disadvantages? Do you think...