Timeline Events

Browse the complete timeline of 1,945+ verified events documenting systematic institutional capture.

Showing 50 of 2578 events

17th Amendment Ratified: Direct Election of Senators Ends State Legislature Appointments and Deadlock Corruption

| Importance: 8/10

Connecticut became the 36th state to ratify the 17th Amendment, meeting the three-fourths requirement to establish direct election of United States senators by popular vote. The amendment modified Article I, Section 3 of the Constitution, which had required state legislatures to appoint senators. …

Connecticut State Legislature U.S. Congress Progressive Movement progressive-era electoral-reform constitutional-amendment democratic-reform
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JP Morgan Dies in Rome: House of Morgan Partners Blame Pujo Committee Testimony Stress

| Importance: 8/10

John Pierpont Morgan, the seventy-five-year-old financier who had dominated American banking for decades, died at the Grand Hotel in Rome. House of Morgan partners blamed his death on the stress of testifying before the Pujo Committee in December 1912, though other health factors were involved. …

JP Morgan Pujo Committee Samuel Untermyer House of Morgan banking-consolidation progressive-era financial-capture congressional-investigation jp-morgan
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Women's Suffrage Parade in Washington Attacked by Hostile Crowds as Police Stand By

| Importance: 8/10

On March 3, 1913, the day before Woodrow Wilson’s presidential inauguration, Alice Paul and Lucy Burns, newly-appointed chairs of NAWSA’s Congressional Committee, organized the first major civil rights march on Washington, D.C. Lawyer and activist Inez Milholland, riding a white horse …

Alice Paul Lucy Burns Inez Milholland Ida B. Wells Woodrow Wilson womens-suffrage state-violence racial-segregation media-strategy institutional-resistance
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Paterson Silk Strike: IWW Leads 25,000 Workers in Five-Month Struggle Against Textile Manufacturers

| Importance: 7/10

Approximately 25,000 silk workers in Paterson, New Jersey walked out on February 25, 1913, beginning one of the most significant industrial conflicts of the Progressive Era. The IWW-led strike united diverse immigrant workers - Italian, Jewish, German, and native-born - demanding the eight-hour day, …

Industrial Workers of the World (IWW) Big Bill Haywood Elizabeth Gurley Flynn Carlo Tresca John Reed +1 more labor-suppression iww progressive-era textile-industry strike
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16th Amendment Ratified: Federal Income Tax Established to Shift Burden from Middle Class to Wealthy

| Importance: 9/10

Delaware became the 36th state to ratify the 16th Amendment, meeting the three-fourths requirement to establish Congress’s right to impose a federal income tax. Secretary of State Philander C. Knox certified the amendment on February 25, 1913. The amendment was part of a wave of Progressive …

Delaware State Legislature Philander C. Knox U.S. Congress Progressive Movement progressive-era taxation economic-reform constitutional-amendment
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Montana Voters Pass Corrupt Practices Act Banning Corporate Political Spending

| Importance: 7/10

Montana voters approved the Corrupt Practices Act by ballot initiative with 76% support, establishing one of the nation’s strongest bans on corporate money in elections. The law responded directly to decades of systematic corruption by the “Copper Kings” - mining barons William A. …

Montana voters William A. Clark F. Augustus Heinze Marcus Daly Anaconda Copper Mining Company +1 more campaign-finance ballot-initiative corporate-corruption political-reform copper-kings +2 more
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Theodore Roosevelt Forms Bull Moose Party After GOP Convention Theft: Republican Split Ensures Wilson Victory

| Importance: 9/10

Theodore Roosevelt accepted the Progressive Party nomination for president at a convention in Chicago, formally splitting from the Republican Party after losing the nomination to his former friend William Howard Taft despite winning nine of twelve state primaries. Roosevelt’s “Bull …

Theodore Roosevelt William Howard Taft Woodrow Wilson Progressive Party Republican National Committee progressive-era third-party republican-party political-realignment corporate-power
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DuPont Powder Trust Ordered Dissolved, But Family Control and Geographic Proximity Limit Effectiveness

| Importance: 7/10

Following a 1911 Sherman Antitrust Act lawsuit, the U.S. District Court for Delaware ordered the DuPont Powder Company dissolved and divided into three independent entities: the reconstituted DuPont, Hercules Powder Company, and Atlas Powder Company. DuPont had controlled approximately two-thirds of …

U.S. District Court for Delaware E.I. du Pont de Nemours & Company DuPont family Hercules Powder Company Atlas Powder Company antitrust corporate-power enforcement-limitations dupont powder-trust
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Pujo Committee Hearings Begin: Money Trust Investigation Exposes JP Morgan Control of $22 Billion Through 341 Interlocking Directorships

| Importance: 9/10

The U.S. House Committee on Banking and Currency subcommittee headed by Rep. Arsène Pujo of Louisiana began hearings to investigate the “money trust”—a concentrated group of Wall Street bankers exerting powerful control over the nation’s finances. The investigation arose from …

Arsène Pujo Samuel Untermyer JP Morgan George F. Baker James E. Stillman +1 more banking-consolidation progressive-era financial-capture jp-morgan congressional-investigation
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Paint Creek-Cabin Creek Mine War: West Virginia Declares Martial Law, Mother Jones Imprisoned

| Importance: 7/10

On April 18, 1912, approximately 7,500 coal miners in the Paint Creek and Cabin Creek districts of West Virginia went on strike against abysmal conditions in company-owned towns, initiating fifteen months of armed conflict that would see the declaration of martial law, the imprisonment of …

United Mine Workers of America Mother Jones (Mary Harris Jones) Governor William Glasscock Baldwin-Felts Detective Agency West Virginia coal operators labor-suppression mining progressive-era martial-law company-towns
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Lawrence "Bread and Roses" Strike: IWW Unites 20,000 Workers Across 51 Nationalities, Wins 15% Raise

| Importance: 9/10

Polish women textile workers at the Everett Mill in Lawrence, Massachusetts walked out after discovering their employer had reduced wages by $0.32 when Massachusetts enforced a law cutting mill workers’ hours from 56 to 54 per week. The strike spread rapidly to more than 20,000 workers …

Industrial Workers of the World (IWW) Joseph Ettor Arturo Giovannitti American Woolen Company labor-organizing progressive-era immigrant-rights corporate-power iww
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Supreme Court Orders American Tobacco Breakup, Applying Rule of Reason to Tobacco Trust

| Importance: 9/10

The U.S. Supreme Court, in a 9-0 unanimous decision applying the new “rule of reason” doctrine, ruled that the American Tobacco Company violated the Sherman Antitrust Act and ordered the tobacco trust dissolved. Founded in 1890 by James Duke, American Tobacco controlled nearly 90% of …

U.S. Supreme Court Chief Justice Edward White American Tobacco Company James Duke antitrust corporate-power supreme-court monopoly rule-of-reason +1 more
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Standard Oil Breakup's Paradox - Rockefeller's Wealth Triples as Fragmented Companies Reconsolidate

| Importance: 9/10

The Supreme Court’s order to break Standard Oil into 34 separate companies produced a profound paradox: the breakup made John D. Rockefeller vastly richer while ultimately failing to prevent reconsolidation. Shareholders in Standard Oil received proportional stakes in each successor …

John D. Rockefeller Standard Oil Company U.S. Supreme Court antitrust corporate-power wealth-concentration monopoly enforcement-limitations
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Triangle Shirtwaist Factory Fire Kills 146, Exposes Corporate Negligence

| Importance: 9/10

On March 25, 1911, a fire—likely sparked by a discarded cigarette—swept through the Triangle Waist Company factory on the eighth, ninth, and tenth floors of the Asch Building in New York City, killing 146 workers, mostly teenage Italian and Jewish immigrant girls. The victims died not from the fire …

Triangle Waist Company New York Factory Investigating Commission Frances Perkins International Ladies Garment Workers Union labor-suppression corporate-violence regulatory-capture
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Buck's Stove Case: Gompers, Mitchell, Morrison Sentenced for Contempt, Boycotts Criminalized

| Importance: 7/10

A federal court sentenced AFL President Samuel Gompers to one year in prison, Vice President John Mitchell to nine months, and Secretary Frank Morrison to six months for contempt of court in the Buck’s Stove and Range Company boycott case. The case exemplified how federal courts had become …

Samuel Gompers John Mitchell Frank Morrison American Federation of Labor Buck's Stove and Range Company +1 more labor-suppression judicial-capture progressive-era antitrust injunctions
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Aldrich Plan for Banking Reform Submitted: Secret Jekyll Island Meeting Proposes Wall Street-Controlled Central Bank

| Importance: 8/10

Senator Nelson Aldrich of Rhode Island, chairman of the National Monetary Commission, submitted his “Suggested Plan for Monetary Legislation” proposing creation of a National Reserve Association to reform the nation’s banking system. The plan emerged from a secret November 1910 …

Nelson Aldrich JP Morgan interests Paul Warburg Frank Vanderlip National Monetary Commission banking-consolidation progressive-era financial-capture jp-morgan federal-reserve
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Mann-Elkins Act Strengthens Railroad Regulation, Expands ICC Authority to Telecommunications

| Importance: 7/10

President William Howard Taft signed the Mann-Elkins Act, also called the Railway Rate Act of 1910, strengthening the Interstate Commerce Commission’s (ICC) authority over railroad rates and expanding federal regulation to telephone, telegraph, and wireless companies for the first time. The …

President William Howard Taft Stephen Benton Elkins James Robert Mann Interstate Commerce Commission progressive-era regulatory-enforcement corporate-power telecommunications railroad-regulation
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Insurgent Republicans Revolt Against Speaker Cannon: 29-Hour Session Strips Autocratic Powers, Splits GOP

| Importance: 8/10

After a dramatic 29-hour marathon session, the House of Representatives voted 191 to 156 to strip Speaker Joseph Cannon of his autocratic powers, removing him as chairman of the Committee on Rules and expanding its membership from five to 15 members. Representative George William Norris of Nebraska, …

Joseph Cannon George William Norris President William Howard Taft Progressive Republicans progressive-era congressional-reform republican-party corporate-power political-realignment
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Payne-Aldrich Tariff Betrays Progressive Promises: Taft Praises "Best Tariff Bill," Splits Republican Party

| Importance: 8/10

President William Howard Taft signed the Payne-Aldrich Tariff Act and infamously praised it as “the best tariff bill the Republican party ever passed,” betraying his 1908 campaign promises for meaningful tariff reform and triggering a permanent split within the Republican Party. Taft had …

President William Howard Taft Nelson Aldrich Progressive Republicans Old Guard Republicans progressive-era tariff-policy republican-party corporate-power political-realignment
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Roosevelt Leaves Office After 44 Antitrust Suits, Revealing Progressive Era Reform Limits

| Importance: 8/10

When Theodore Roosevelt left office on March 4, 1909, his administration had filed 44 antitrust lawsuits (18 civil and 26 criminal cases, resulting in 22 convictions and 22 acquittals) against major corporations including Northern Securities, Standard Oil, American Tobacco, the Beef Trust, and Du …

Theodore Roosevelt William Howard Taft J.P. Morgan U.S. Department of Justice Interstate Commerce Commission antitrust corporate-power progressive-era regulatory-enforcement presidential-legacy
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Muller v. Oregon: Brandeis Brief Upholds Women's Labor Protections Using Paternalistic Reasoning

| Importance: 7/10

The Supreme Court unanimously upheld an Oregon law limiting women’s workdays to ten hours in Muller v. Oregon, creating a narrow exception to the anti-labor Lochner doctrine. Attorney Louis Brandeis filed a revolutionary 113-page brief containing only two pages of legal argument and over 100 …

Supreme Court of the United States Louis Brandeis Curt Muller Oregon Legislature National Consumers League labor-rights judicial-capture progressive-era gender-discrimination working-conditions
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Supreme Court Loewe v. Lawlor Decision Holds Union Members Personally Liable for Damages

| Importance: 8/10

The U.S. Supreme Court rules unanimously 9-0 in Loewe v. Lawlor (the “Danbury Hatters’ Case”) that the Sherman Antitrust Act applies to labor unions and that individual union members can be held personally liable for damages caused by union boycotts. Chief Justice Melville W. …

U.S. Supreme Court Chief Justice Melville W. Fuller United Hatters of North America D.E. Loewe & Company Martin Lawlor +1 more labor-suppression gilded-age supreme-court antitrust-misuse judicial-capture +1 more
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Adair v. United States: Supreme Court Strikes Down Federal Ban on Yellow-Dog Contracts

| Importance: 7/10

The Supreme Court struck down Section 10 of the Erdman Act, which prohibited railroads engaged in interstate commerce from requiring workers to sign “yellow-dog contracts” - agreements not to join labor unions as a condition of employment. Justice John Marshall Harlan, who had dissented …

Supreme Court of the United States Justice John Marshall Harlan William Adair Louisville and Nashville Railroad labor-suppression judicial-capture progressive-era yellow-dog-contracts railroad-labor
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Roosevelt Approves U.S. Steel Acquisition of Tennessee Coal & Iron During Panic, Exposing Reform Limits

| 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
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Roosevelt Justice Department Files Antitrust Suit Against American Tobacco Trust

| Importance: 8/10

On July 19, 1907, the Roosevelt administration’s Department of Justice filed a major antitrust petition against the American Tobacco Company after one of its subsidiaries was indicted for price-fixing in the Southern District of New York. The suit charged sixty-five companies and twenty-nine …

Theodore Roosevelt U.S. Department of Justice American Tobacco Company James Buchanan Duke antitrust corporate-power regulatory-enforcement progressive-era monopoly
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Roosevelt Signs Pure Food and Drug Act and Meat Inspection Act

| Importance: 8/10

President Theodore Roosevelt signed the Pure Food and Drug Act and Meat Inspection Act on June 30, 1906, marking a major achievement in federal regulation of the food industry. The legislation arose from public education and exposés by muckraking journalists like Upton Sinclair and Samuel Hopkins …

Theodore Roosevelt Harvey Washington Wiley Upton Sinclair U.S. Congress regulatory-enforcement public-health consumer-protection progressive-era food-safety
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Roosevelt Signs Hepburn Act Creating First True Federal Regulatory Agency

| Importance: 9/10

On June 29, 1906, President Theodore Roosevelt signed the Hepburn Act into law after a month of conference committee reconciliation, with the Senate passing it 71-3 and the House by substantial margin. The Act fundamentally strengthened the Interstate Commerce Commission, giving it power to set …

Theodore Roosevelt Representative William Hepburn Interstate Commerce Commission Railroad companies U.S. Congress railroad-regulation regulatory-enforcement progressive-era institutional-expansion corporate-power
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Upton Sinclair Publishes "The Jungle" Exposing Meatpacking Industry Horrors

| Importance: 9/10

Upton Sinclair published “The Jungle” on February 26, 1906, after serializing it in the Socialist newspaper Appeal to Reason from February to November 1905. The 26-year-old writer spent seven weeks in fall 1904 investigating Chicago’s “Packingtown”—a dense complex of …

Upton Sinclair Doubleday Appeal to Reason investigative-journalism muckraking labor-rights public-health corporate-power +1 more
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Industrial Workers of the World Founded, Challenges AFL Craft Unionism

| Importance: 7/10

From June 27 through July 8, 1905, two hundred socialists, anarchists, Marxists, and radical trade unionists convened at Brand’s Hall in Chicago to found the Industrial Workers of the World (IWW), launching the most significant challenge to corporate capitalism and conservative trade unionism …

William "Big Bill" Haywood Eugene V. Debs Mother Jones Lucy Parsons Daniel De Leon +1 more labor-organizing democratic-resistance worker-power
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Supreme Court Strikes Down Labor Protections in Lochner v. New York

| Importance: 9/10

The U.S. Supreme Court issued a 5-4 decision in Lochner v. New York on April 17, 1905, striking down a New York law that limited bakery workers to a 60-hour work week as unconstitutional. Justice Rufus Peckham’s majority opinion held that the law violated the Fourteenth Amendment’s Due …

U.S. Supreme Court Justice Rufus Peckham Justice Oliver Wendell Holmes Jr. Justice John Harlan Joseph Lochner supreme-court labor-rights corporate-power judicial-capture progressive-era +1 more
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Supreme Court Rules Against Beef Trust, Establishes Stream of Commerce Doctrine

| Importance: 8/10

On January 30, 1905, the U.S. Supreme Court ruled in Swift & Co. v. United States that the Commerce Clause allowed the federal government to regulate monopolies that have a direct effect on interstate commerce, dealing a major blow to the “Beef Trust” cartel. The case followed …

U.S. Supreme Court Swift & Company Armour & Company Theodore Roosevelt Attorney General Philander Knox antitrust corporate-power supreme-court regulatory-enforcement progressive-era
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Supreme Court Orders Northern Securities Dissolution in First Major Antitrust Victory

| Importance: 10/10

On March 14, 1904, the U.S. Supreme Court ruled 5-4 that the Northern Securities Company violated the Sherman Antitrust Act and ordered the railroad holding company dissolved. The decision affirmed the April 9, 1903 federal circuit court ruling against the company formed by J.P. Morgan, James J. …

U.S. Supreme Court Theodore Roosevelt J.P. Morgan James J. Hill Edward H. Harriman +1 more antitrust corporate-power regulatory-enforcement supreme-court progressive-era
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Lincoln Steffens Publishes "The Shame of the Cities" Exposing Municipal Corruption

| Importance: 8/10

Lincoln Steffens published “The Shame of the Cities” in 1904, a groundbreaking collection of articles originally written for McClure’s Magazine that exposed systematic corruption in major American cities including St. Louis, Minneapolis, Pittsburgh, Philadelphia, Chicago, and New …

Lincoln Steffens McClure's Magazine investigative-journalism muckraking political-corruption municipal-government progressive-era +1 more
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Anaconda Copper Shuts Down All Montana Operations to Force Legislative Changes

| Importance: 8/10

The Amalgamated Copper Company (later Anaconda Copper Mining Company) executed an extraordinary act of corporate extortion by shutting down all mining operations across Montana, deliberately putting 15,000 workers out of work to force the state legislature to pass laws favorable to the company. This …

Amalgamated Copper Company Anaconda Copper Mining Company F. Augustus Heinze Judge William Clancy Governor Joseph Toole +1 more corporate-power institutional-capture economic-extortion legislative-corruption corporate-personhood +2 more
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Giles v. Harris: Supreme Court Refuses to Enforce Black Voting Rights Against Alabama Constitution

| Importance: 8/10

The Supreme Court ruled 6-3 in Giles v. Harris that federal courts cannot enforce Black voting rights under the Fifteenth Amendment, effectively sanctioning the wave of disenfranchisement sweeping the South. Justice Oliver Wendell Holmes Jr., writing for the majority, acknowledged that …

Supreme Court Oliver Wendell Holmes Jr. Jackson Giles Alabama Legislature Booker T. Washington voting-rights supreme-court racial-discrimination institutional-capture disenfranchisement
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Roosevelt Signs Elkins Act Prohibiting Railroad Rebates and Price Discrimination

| Importance: 7/10

On February 19, 1903, President Theodore Roosevelt signed the Elkins Act, which made it a federal misdemeanor for railroads to grant rebates or preferential rates and held both the carrier and the recipient liable. The Act was sponsored by Senator Stephen B. Elkins of West Virginia and introduced in …

Theodore Roosevelt Senator Stephen B. Elkins Interstate Commerce Commission Pennsylvania Railroad Railroad companies antitrust railroad-regulation progressive-era regulatory-enforcement
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Roosevelt Creates Bureau of Corporations and Department of Commerce and Labor

| 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
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Ida Tarbell Begins "The History of the Standard Oil Company" in McClure's Magazine

| Importance: 9/10

Ida Tarbell began publishing her groundbreaking 19-part investigative series “The History of the Standard Oil Company” in McClure’s Magazine in November 1902, running through October 1904. Her meticulous research exposed the predatory business practices, illegal rebate schemes, and …

Ida Tarbell McClure's Magazine Standard Oil Company John D. Rockefeller investigative-journalism muckraking corporate-power antitrust media +1 more
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Roosevelt Intervenes in Coal Strike as Neutral Arbitrator, Origins of Square Deal

| Importance: 9/10

On October 3, 1902, President Theodore Roosevelt convened an unprecedented conference in Washington bringing together representatives of government, labor, and management to resolve the anthracite coal strike that threatened to leave Americans without heating fuel for the approaching winter. …

Theodore Roosevelt John Mitchell J.P. Morgan Elihu Root Railroad coal barons labor-rights progressive-era presidential-power corporate-power federal-intervention
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Anthracite Coal Strike Begins in Pennsylvania, 147,000 Miners Walk Out

| Importance: 8/10

On May 12, 1902, 147,000 anthracite coal miners in eastern Pennsylvania, organized by the United Mine Workers under President John Mitchell, went on strike after railroad companies that owned the mines refused to meet with union representatives. The miners demanded better wages, shorter work weeks …

United Mine Workers John Mitchell Theodore Roosevelt Railroad companies Coal mine operators labor-rights progressive-era corporate-power federal-intervention
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Justice Department Files Antitrust Suit Against Beef Trust Monopoly

| Importance: 8/10

In May 1902, while the Northern Securities case proceeded through the courts, Attorney General Philander Knox filed a second major antitrust suit under President Theodore Roosevelt against the “Beef Trust”—a cartel of six major meatpacking companies (Swift, Armour, Morris, Cudahy, …

Theodore Roosevelt Attorney General Philander Knox Swift & Company Armour & Company Morris & Company +2 more antitrust corporate-power regulatory-enforcement progressive-era food-industry
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Roosevelt Announces Northern Securities Antitrust Suit Against J.P. Morgan Railroad Trust

| Importance: 9/10

On February 19, 1902, President Theodore Roosevelt’s Department of Justice announced plans to file an antitrust suit against the Northern Securities Company, a railroad holding company formed in November 1901 by J.P. Morgan, James J. Hill, and Edward H. Harriman to control the Great Northern …

Theodore Roosevelt Attorney General Philander Knox J.P. Morgan James J. Hill Edward H. Harriman +1 more antitrust corporate-power regulatory-enforcement progressive-era railroad-regulation
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Water Cure Torture Scandal - Senate Investigation Exposes Systematic Abuse

| Importance: 8/10

The Senate Committee on the Philippines embarks on a highly publicized investigation into “Affairs in the Philippine Islands” after letters from ordinary American soldiers in the Philippines surface in hometown newspapers containing graphic accounts of torture and atrocities. At the …

Theodore Roosevelt William Howard Taft Senate Committee on the Philippines Anti-imperialist Senators U.S. Army soldiers +1 more imperialism torture war-crimes accountability-crisis philippines +1 more
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Balangiga Massacre Triggers Samar Pacification - Scorched Earth Retaliation

| Importance: 8/10

Filipino resistance fighters in Balangiga, Samar conduct a surprise attack on Company C of the U.S. 9th Infantry Regiment, killing 54 American soldiers in what becomes described as the “worst defeat of United States Army soldiers since the Battle of the Little Bighorn in 1876.” The …

Jacob H. Smith Littleton Waller Adna Chaffee Theodore Roosevelt Filipino civilians +1 more imperialism war-crimes military-atrocities philippines counterinsurgency +1 more
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Alabama Constitutional Convention: White Supremacy Constitution Becomes Blueprint for Southern Disenfranchisement

| Importance: 8/10

The Alabama Constitutional Convention adopted a new state constitution explicitly designed to eliminate Black voting while maintaining white political supremacy through facially neutral provisions. Convention president John Knox declared in his opening address that the convention’s purpose was …

John Knox Alabama Legislature Democratic Party Black Belt Planters voting-rights disenfranchisement alabama constitutional-convention jim-crow +1 more
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Carnegie Sells to J.P. Morgan: U.S. Steel Becomes First Billion-Dollar Corporation

| Importance: 8/10

In early 1901, J.P. Morgan, the country’s most powerful banker, purchased Andrew Carnegie’s Carnegie Steel Corporation for $500 million and merged it with nine other steel companies to form the United States Steel Corporation—the world’s largest corporation and first billion-dollar …

Andrew Carnegie J.P. Morgan U.S. Steel Corporation Carnegie Steel Corporation monopoly-power corporate-consolidation vertical-integration market-dominance financial-empire
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Platt Amendment Enacted - Cuba Becomes U.S. Protectorate

| Importance: 8/10

Congress enacts the Platt Amendment as part of the Army Appropriations Act, stipulating seven conditions for withdrawal of U.S. troops remaining in Cuba after the Spanish-American War, plus an eighth condition requiring Cuba to sign a treaty accepting these conditions. The amendment, spearheaded by …

William McKinley Orville H. Platt Elihu Root Leonard Wood Cuban Constituent Assembly +1 more gilded-age imperialism regime-change cuba territorial-control +1 more
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J.P. Morgan Creates Northern Securities: $400 Million Railroad Monopoly

| Importance: 8/10

In 1901, J.P. Morgan orchestrated the creation of the Northern Securities Company, a $400 million holding company that gave him control over approximately one-third of the country’s railways. The consolidation emerged from a fierce competition between James J. Hill, head of the Great Northern …

J.P. Morgan James J. Hill Edward H. Harriman Northern Securities Company Great Northern Railroad +1 more monopoly-power financial-consolidation corporate-merger railroad-control market-manipulation
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U.S. Steel Formation - Morgan Creates First Billion-Dollar Trust

| Importance: 9/10

The United States Steel Corporation is incorporated with authorized capitalization of $1.4 billion, becoming the first billion-dollar corporation in history and controlling 60% of the nation’s primary steel capacity. Financier J.P. Morgan orchestrates the massive consolidation, fusing together …

J.P. Morgan Andrew Carnegie Charles Schwab Elbert Gary John D. Rockefeller gilded-age monopoly-power corporate-consolidation financial-power merger-wave
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U.S. Steel Corporation Formed - First Billion-Dollar Corporation in History

| Importance: 10/10

On February 25, 1901, J.P. Morgan incorporated the United States Steel Corporation with an authorized capitalization of $1.4 billion, creating the first billion-dollar corporation in history by purchasing Andrew Carnegie’s steel empire for approximately $480 million and consolidating it with …

J.P. Morgan Andrew Carnegie Charles Schwab U.S. Steel Corporation Carnegie Steel Company corporate-consolidation monopoly banking-power steel-industry gilded-age
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