Question

Why did Roosevelt enforce the Sherman Anti-Trust Act?

Answer 1

Teddy Roosevelt (Not ted Flanders) leading the charge against trusts in a cartoon from 1899. Teddy Roosevelt was one American who believed a revolution was coming. He believed Wall Street financiers and powerful trust titans to be acting foolishly.

Answer 2

The federal government used the Act to invalidate formal and informal arrangements by which different companies in the same industry set prices, though for the first decade of its existence the Act did little to slow the rate of business mergers.

MAIN PURPOSE FOR THE ACT:

The Sherman Antitrust Act is the first measure passed by the U.S. Congress to prohibit trusts, monopolies, and cartels. The Act's purpose was to promote economic fairness and competitiveness and to regulate interstate commerce.