He therefore sought to abolish these monopolies though the legal system. Wilson felt that the economic dynamics of the country were rapidly changing and that the laws of the country had not kept pace with the change of economic circumstances in the country (Wilson, 1913). The introduction of various legislations and statutes such as the Sherman Anti-Trust act sought to revive competition in the economy and eliminate monopoly powers. Wilson argued that the numerous absorptions of small corporations by larger ones characterized by the early days of capitalism contributed to the inefficiency and economic stagnation of the nation. His progressive reforms were geared towards encouraging youthful entrepreneurship in accordance with the American
He therefore sought to abolish these monopolies though the legal system. Wilson felt that the economic dynamics of the country were rapidly changing and that the laws of the country had not kept pace with the change of economic circumstances in the country (Wilson, 1913). The introduction of various legislations and statutes such as the Sherman Anti-Trust act sought to revive competition in the economy and eliminate monopoly powers. Wilson argued that the numerous absorptions of small corporations by larger ones characterized by the early days of capitalism contributed to the inefficiency and economic stagnation of the nation. His progressive reforms were geared towards encouraging youthful entrepreneurship in accordance with the American