Trust Busting (Noun)
Meaning
(law) government activities seeking to dissolve corporate trusts and monopolies (especially under the United States antitrust laws).
Classification
Nouns denoting acts or actions.
Examples
- The trust-busting efforts of the early 20th century led to the breakup of several large corporations, including Standard Oil and the American Tobacco Company.
- In the late 19th and early 20th centuries, the US government engaged in trust-busting activities to promote competition and prevent monopolies.
- The trust-busting laws were enacted to prevent large corporations from abusing their power and to protect consumers from unfair business practices.
- The government's trust-busting actions were met with resistance from the corporations, which argued that the laws were an overreach of government authority.
- The trust-busting movement gained momentum in the early 20th century, with President Theodore Roosevelt leading the charge against corporate monopolies.