united states used the sherman antitrust act to dissolve the monopoly of the northern securities company.
united states used the sherman antitrust act to dissolve the monopoly of the northern securities company.
who used the sherman antitrust act to dissolve the monopoly of the northern securities company?
united states
the company was sued in 1902 under the sherman antitrust act of 1890 by the justice department under president theodore roosevelt, one of the first antitrust cases filed against corporate interests instead of labor. the government won its case, and the company was dissolved, so that the three railroads again operated independently.
northern securities company
the justice department won the suit and the company was dissolved according to the 1904 supreme court ruling in "northern securities co. v. united states" case, decided five to four. the companies were convicted under the sherman antitrust act. in the following seven years, 44 other federal antitrust cases turned out rulings similar to the "northern securities" case. included in these break-ups were harriman's own holdings of the union pacific and southern pacific railroads.









































the "northern securities" case was one of the earliest antitrust cases and provided important legal precedents for many later cases, including that against major league baseball.
northern securities company