(Facts) The State of Georgia has enacted a law requiring contoured rear-fender mud flaps on all trucks and trailers operating within Georgia. Thirty-five other states allow straight mud flaps and Florida requires straight mud flaps.…
Congress enacted a law regulating railroads in 1887 (the Interstate Commerce Act), and one preventing large firms from controlling a single industry in 1890 (the Sherman Antitrust Act). These laws were not rigorously enforced, however, until the years between 1900 and 1920, when Republican President Theodore Roosevelt (1901-1909), Democratic President Woodrow Wilson (1913-1921), and others sympathetic to the views of the Progressives came to power. Many of today 's U.S. regulatory agencies were created during these years, including the Interstate Commerce Commission, the Food and Drug Administration, and the Federal Trade Commission.…
In the late nineteenth century, the United States of America saw companies flourish. Advances in technology greatly increased output and lowered costs of many goods; people were also making more money and the nation was truly prospering. Due to the booming economy, a great deal of changes occurred. Companies started to grow at a faster rate, and soon there were enormous companies that seemed to rule their individual industries. It quickly became apparent that some firms were monopolizing the industries, making prices higher and lessening the competitiveness of the market. Many companies were also fixing prices, forcing other businesses to pay ridiculous amounts since they had no other options.…
In a time period of rapid progressive change, big businesses were blooming and many became corrupt. If it was not for Theodore Roosevelt’s strong role in reforming U.S. laws regulating business in the early 20th century, America would never have been what it is today. Roosevelt’s ability to play a strong role regulating business laws in the early 1900s proved to be effective because it created a foundation of how the economy should be run.…
William Howard Taft was a man our nation could trust. During his presidency in 1908, he had promised to address issues largely ignored by Roosevelt, and address them he did. The public may not have seen the actions he took as positive reforms, but when studied, it is almost too evident his presidency has lead to greater good than Roosevelt's. He had prosecuted twice as many antitrust cases than Roosevelt. He had established the Tariff Board to investigate tariff rates, and began to shape this nation's federal budget. Having served as a judge, whose greatest ambition was to sit on the Supreme Court, Taft can only be labeled a highly intelligent man who abides by the law, and so produces only in good for the Union. If elected, Taft would bring about more positive change concerning the tariff issue, and would do so under lawful means. If those who make the bills do so…
During Jefferson’s presidency, he implemented an embargo that required a strong central government to enforce.(Doc F) As a result of the embargo, manufacturing grew more rapidly under Jefferson than that of the federalist leader. With the band of trade, America became dependent on nation made products which helped grow the manufacturing industry drastically. By 1812, John Adams began to approve of the two Republican presidents’ restoration of the taxes and the Navy.(Doc G) Jefferson had restored taxes while he held office, while Madison worked on building back up the Navy. Even though the Founding Fathers were both finding a moderate ground, others were not adjusting. During both presidencies, the tariffs kept and enforced were disliked by some Republicans. Southern Democratic-Republican farmers rejected the protective tariff created by Madison because it lead to higher prices.(Doc H) These tariffs were set by Hamilton, and enhanced by Republican…
Most of the increased government control was mainly due to Theodore Roosevelt. Theodore Roosevelt became known as the "trust buster", because he would go and break up bad trusts. The Washington Post in 1907 portrays him perfectly. he hunted down bad trusts and through governmental control regulated good trusts. He embraced what came to be known as the "3 c's": Regulation of corporations, consumer protection, and conservation. The regulation of corporations started with the Anthracite Coal Strike in 1902. Where 140,000 miners went on strike demanding a 20% pay increase, reduction of the work day, and better safety conditions. The president of the company, George F. Baer assumed the government was on his side, because of the Pullman Strike. Well he was wrong, Theodore offered him a square deal in which both sides were represented equally. This is significant, because it caused the Department of Capitol and Labor to be created in 1903 to settle disputes between capital and labor. From this the Bureau of Corporations was created to monitor businesses in interstate commerce. This paved the way for an Era of "trust busting".…
President Herbert Hoover, a Republican, had control of the United States from 1929 to 1933, the beginning of the economic downfall. Hoover created a laissez-faire government; the government was not involved in everyday business, instead it was a very hands off approach and daily life just took its path. When Franklin D. Roosevelt became president in 1933 the economy was now deep in a huge downward spiral, and he raised a new Democratic approach to run the government and United States. The United States was in for a lot of reform movements being that a Democrat was president, and something needed to be done to prevent the status of the United States to fail even more. Franklin D. Roosevelt responded to the problems of the Great Depression with an optimistic mindset. Roosevelt took the best approach he possibly could in order to preserve America. Clearly, Roosevelt’s responses such as, the New Deal, social security, development of the executive department and the Supreme Court were all effective in helping the Great Depression settle down. Every single thing that Franklin D. Roosevelt did as president has drastically changed the role of the federal government. As a Democrat entering a Republican’s past position, all of FDR’s new ideas were new and different for the government and United States.…
Herbert Hoover was the 31st President of the U.S. from 1929-1933. Franklin Roosevelt was the 32nd President of the U.S. from 1933-1945. Policies of Hoover’s administration included The Norris-La Guardia Act and The Emergency Relief and Construction Act. Some policies of Roosevelt’s were the New Deal and the Lend Lease Policy. During Herbert Hoover’s presidency was the beginning of the worst economic fall in the history of the United States, “The Great Depression”. When Roosevelt took office, the depression was in its full swing and millions of people were unemployed. The comparison between Herbert Clark Hoover and Franklin Delano Roosevelt has its similarities and differences.…
Anti-trust: Theodore used the “Sherman Antitrust Act”, passed by Congress in 1890. This law was illegal at all combinations “in restraint of trade.” For the first twelve years of its existence, the Sherman act was a paper tiger. The United States courts routinely sided with business when any enforcement of the Act was attempted.…
Political parties began to change as during this time partisan politics began mainly into two parties the Democrats and the Republicans. After Pres. Johnson was impeached and Pres. Grant allowed Congress to do his presidential duties the office of the presidency was considered more administrative position then a position of public or legislative power which calls Pres. Cleveland to be powerless against the depression of 1893. With each election causing a shift in power in Congress caused a constant strain on the House and Senate and times between Congressmen, this caused Congress to do inefficient (Goldfield, et al., 2011).…
He is acclaimed as selfish, simple and lead with no real sight into the future, a blunderbuss at best. A rich aristocrat with no real college education or understanding of political history, he could not seem to connect with the working class, or common people. Cleveland even appeared as an enemy to the middle class’ labor force, even more so when he issues federal troops to Washington to stop the unemployed marchers in “Coexy’s Army," as well as the Pullman Strike. Cleveland’s terms as president will encompass some of the nations most exuberant labor strikes. The Pullman Strike is one of the nations most violent labor disputes, when 30% labor cuts are enacted, massive riots and the use of the federal army come alive. The Pullman Strike wasn 't the only major strike, use of the federal army is again exercised in Chicago at the Haymarket Riots, and in 1886 General Strike when workers demanded 8 hour work days. As shown the economy and country were in shambles and suffering from extreme discord. Cleveland took no real action to fix these riots, only the use of the army to quiet them, something a weak leader would do. In Cleveland 's first term, the economy was already threatened with a great collapse. Cleveland called for a reduction in tariffs, arguing that high tariffs were contrary to the American idea of fairness. His opponents argued that high tariffs protected US businesses from foreign competition and Cleveland lost that election. It seems that the peak of problems during the Gilded Age all mounted up and broke free during the second term of the Cleveland Administration, the financial Panic of 1893. It was marked by the overbuilding and shaky financing of railroads something that the Sherman Antitrust Act would have prevented if actually enacted and enforced, resulting in a series of bank failures. By 93’ the economy was in a depression, 74 railroad companies, 600 banks and…
For centuries, diamonds have been regarded as one of the most valuable commodities in the world and the industry has evolved into billions of dollars. At the top, De Beers dominated the entire industry worldwide, from exploration to retail selling. However, it has a reputation of a monopolist, where it influences supply and demand. The two critical factors that De Beers carefully maintained throughout the century to remain in monopoly was to create the illusion of the scarcity of the diamonds and to keep the prices high. Realizing the benefits of the cooperation and the dangers of the oversupply, most diamond-producing states signed contracts with the De beers to form the cartel and regulate the diamond market which thereby make them the “Rulers of the Industry”.…
Herbert Hoover and Franklin Roosevelt were both presidents during one of the most difficult times in American history, the Great Depression. To try and ease the hardships that many Americans were facing, each President developed many different programs. The different actions that each took to lessen the blow of the depression classified them as either a liberal or conservative. If their actions focused on helping the economy, they would be considered a conservative. If they were more focused on helping the lives of the American people, they would be classified as a liberal. Neither President can be labeled as strictly one. Although Franklin Roosevelt was commonly thought of as a liberal and Herbert Hoover a conservative, neither can be considered strictly one sided.…
Before China, Taiwan used to be a world-factory. Taiwan’s technical companies always focus on improving their progress on product. The past 20 years, Taiwan's technological competitiveness is becoming increasingly improving. Taiwan's Information and Communication (ICT) industry plays a significant role in the international market. Goods from Taiwan export to the United States and Europe region are increasing a lot. However, Taiwan’s companies facing patent infringement litigation, as well as facing antitrust law investigation become more often, especially in LCD panel industry. Here are some statistics provide us to discuss how much would it cost due to antitrust law investigation. During last five years, four Taiwan’s LCD companies paid totally 375 million dollars penalty to the U.S and 435 million Euros penalty to Europe region. Moreover, in the past two years, four LCD companies do not earn profit in their business because of bad economic situation. Therefore, it is worse that they have to pay a huge fine. These facts give me some room to discuss ethical issues. Are there different ethics between two countries? Why the firm is doing well in Taiwan but being charged antitrust in the U.S? How can…