Alex+1877-1918

Sherman Antitrust Act
 * One major cause of this act was the public hostilities towards monopolies and large corporations in 1890
 * In the time of Benjamin Harrison's presidency high prices, trusts, and monopolies ruled companies. This act was put in place to insure that a limit on the growth of these companies was placed.
 * This act was the most meaningful and first U.S. antitrust acts
 * The Sherman Antitrust Act has two main sections. The first section is all about restrictions placed on trading. The second section is prohibiting obtaining a monopoly by anti-competitive methods or the abuse of monopolies.
 * This law forbids evry deal, contracts, scheme, conspiracy to restrain trade.

William H. Taft-Alex
 * In 1809 he signed the Payne-Aldrich tariff.
 * He was one of the only people to be both President and cheif justice of the supreme court.
 * He was important because he continued Roosevelt's antitrust actions.
 * He created the Dollar Diplomacy which was the idea that the US would use military and diplomacy to promote business overseas.

John Rockefeller-Alex
 * He created the Standard Oil Company. This was a Monopoly that produced oil
 * Beat all of his competitors by crushing them.
 * his company was one of the main causes of the Sherman Antitrust Act.
 * This monopoly ran strong until 1911 when it dissolved.

Thomas Edison-Alex
 * Edison was a very famous inventor.
 * He invented the first commercial light bulb
 * He invented alkaline batteries
 * He invented the electric train
 * he invented electrical power

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