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As American tycoons such as J.P. Morgan battled over control of the railroad industry through the New York Stock Exchange, the men nearly caused a financial panic and a national recession. Ultimately,
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As American tycoons such as J.P. Morgan battled over control of the railroad industry through the New York Stock Exchange, the men nearly caused a financial panic and a national recession. Ultimately, Morgan and the other railroad giants agreed to create one new holding company called Northern Securities, essentially wiping out all competition. How did President Theodore Roosevelt respond to this?

User DeiAndrei
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Answer:

He ordered the attorney general to file a lawsuit against Northern Securities because its creation violated anti-trust law.

Step-by-step explanation:

User Liz Albin
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