Trust-busting

Definition

Trust-busting refers to the government's efforts to break up or regulate large monopolies and trusts in order to promote fair competition. It was a key part of progressive era reforms.

Related terms

Antitrust laws: These are laws designed to prevent unfair business practices, such as forming monopolies or restraining trade.

Sherman Antitrust Act: This act was passed in 1890 and was one of the first attempts by the U.S. government to regulate monopolistic practices.

Theodore Roosevelt: He was a prominent figure associated with trust-busting during this period. As President, he actively enforced antitrust laws and took on powerful corporations like Standard Oil.