Political timeline- Impact of the Trust-Buster

By domily6106

  • Second Term for McKinley

    McKinley is inaugurated for his second term as president. Unemployment rate 7.5%.

  • McKinley's Assassinated

    Leon Czogosz assassinated McKinley, because he viewed McKinley as an enemy of the working class. Czogosz was later executed for his crime.

  • A Successor is Named

    Roosevelt succeeds McKinley as President after McKinley is assassinated.

  • Teddy Roosevelt "Trust Buster"

    Teddy Roosevelt utilized the Sherman Anti-Trust Act to break up the Northern Securities Company Trust which held the majority of shares in several railroad companies, which made it a monopoly. This was the first of a handful of companies he targeted for anticompetitive practices.

  • Columbia to Panama

    The US recognizes the Republic of Panama. Despite the US purchasing rights to the French assets in the canal for $40 million, Columbia blocked progress in 1902.

  • Hay-Bunau-Varilla Treaty

    Panama signed the treaty authorizing exclusive and permanent rights to the Panama Canal Zone to the United States.

  • Public Cries for Railroad Rate/Rebate Control

    The Hepburn Act was passed; ICC controls maximum rates, prohibits free passes except to railroad employees, and required annual reports submitted to ICC. Unemployment rates 5.9%.