Originally owned by G.E., the company was spun-off into its own by a trust busting
initiative by the U.S.
But the left should also heed events earlier in the 20th century, during the Progressive Era, when "trust busting
" was all the rage.
That was the era of trusts and trust busting
. Many nationwide difficulties were routinely attributed to the "trusts" and the stranglehold they had over the economy.
A Higher Purpose: Profiles in Presidential Courage clearly depicts the events surrounding these presidential actions, whereas one of the work's subjects Andrew Jackson once remarked that "one man with courage makes a majority." Whalen's sections include the well known stories of Jackson's war against the Bank of the United States, Theodore Roosevelt's trust busting
"We cannot tell where all the money has gone and whether members have received the cash they were expecting." An Inland Revenue spokesman said: "We are currently investigating several cases that involve activities that have variously been described as 'trust busting
' or 'pension liberation'."
Populists sought regulation of banks, expansion of credit, control of freight rates, and a vigorous "trust busting
" approach that would limit the size and market power of businesses.