James Rudolph Garfield

Roosevelt Approves U.S. Steel Acquisition of Tennessee Coal & Iron During Panic, Exposing Reform Limits

1907-11-02 00:00:00 +0000 UTC | Importance: 9/10

On the morning of Saturday, November 2, 1907, during the Panic of 1907 financial crisis, J.P. Morgan convened a meeting at his library proposing that U.S. Steel—which already controlled 60% of the steel market—purchase stock in the insolvent brokerage firm Moore & Schley, which had borrowed …

Theodore Roosevelt J.P. Morgan Elbert H. Gary Henry Clay Frick U.S. Steel Corporation +2 more antitrust corporate-power financial-crisis progressive-era regulatory-capture

Roosevelt Creates Bureau of Corporations and Department of Commerce and Labor

1903-02-14 00:00:00 +0000 UTC | Importance: 8/10

On February 14, 1903, President Theodore Roosevelt signed the Act to Establish the Department of Commerce and Labor, creating the ninth cabinet-level executive department and establishing the Bureau of Corporations as an investigatory agency within it. The Bureau was specifically designed to study …

Theodore Roosevelt U.S. Congress George B. Cortelyou James Rudolph Garfield Bureau of Corporations antitrust regulatory-enforcement progressive-era corporate-power institutional-expansion