His father, James Roosevelt I, graduated from Harvard Law School inbut chose not to practice law after receiving an inheritance from his grandfather, James Roosevelt. At age nine he attended public school in Germany. He took up golf in his teen years, becoming a skilled long hitter.
Domestic Policies On the domestic front, President Roosevelt was one of the most visible Progressives of his time. Many of his domestic policies involved fighting big industry and corruption in an attempt to help the common man. He offered the American people a Square Deal to improve their standard of living and exert more control over large domineering corporations or trusts.
Trusts, which were technically illegal under the Sherman Act, attempted to consolidate business interests to create a monopoly on specific products and eliminate competition.
Many businesses attacked Roosevelt as a socialist, but he ardently refuted these accusations and refuted the principles of Marxism.
In truth, Roosevelt did not despise big business, and in fact realized that the trusts had indirectly increased the standard of living for nearly every American in the latter half of the nineteenth century. Roosevelt did, however, dislike the power of the trusts and the fact that the American public had little control of them.
On the other hand, however, he also feared giving too much power to labor. His Square Deal policies attempted to strike a balance between the two. Roosevelt's first major domestic test as President came whenminers in eastern Pennsylvania went on strike in the Coal Strike.
Coal was a vital energy source for almost all Americans during this era, and the nation panicked during the strike. Represented by John Mitchell, the miners formed the United Mine Workers Union to demand higher wages and better working conditions.
The president of the Philadelphia and Reading Railroad Company and owner of the mine, George Baer, would not concede to the strikers' demands. Mitchell approached Roosevelt and asked him to establish an independent arbitration council. Baer—and, ironically, even the miners themselves—refused arbitration.
Roosevelt, under pressure from Republicans and the American citizenry and not even considering the legality of his actions, planned to replace the strikers by force with ten thousand Army troops and begin mining coal again if a settlement could not be reached. Fortunately, Secretary of War Elihu Root was able to avert a disaster.
Working with banker J. Morgan, Root was able to convince the miners to accept independent arbitration. Roosevelt won the American people's approval of the way he handled the situation. Also inPresident Roosevelt shocked financiers on Wall Street with his decision to approve the government's lawsuit against Northern Securities, a large and recently merged western railroad company, for violating the Sherman Anti-Trust Act.
Morgan, the financier who had arranged the merger and who had significant amounts of money invested in Northern Securities, took Roosevelt's decision as a personal insult. The American people, one the other hand, loved Roosevelt for his boldness in the face of the trusts.
As Chief Justice of the Massachusetts Supreme Court, Holmes had voted against industry and railroads in similar suits, making him the perfect choice from Roosevelt's perspective.
In the end, the U. Famous among these was Roosevelt's "busting" of the Standard Oil trust. Muckraker Ida Tarbell's History of Standard Oil, which was published in McClure magazine, detailed the business practices of Rockefeller's oil machine.
Tarbell accused Standard Oil of issuing rebates in total of one million dollars to its customers to effectively eliminate competition. InRoosevelt had the Hepburn Bill drafted and passed through Congress to reform rate evaluations and outlaw excessive rebates designed to thwart competitors.
The bill also stipulated that all companies engaged in interstate commerce were under the supervision of the federal government. The bill hurt not only Standard Oil but the powerful rebate-issuing railroads as well.
In all, Roosevelt brought lawsuits against forty-three other trusts during his Presidency. Infinancial troubles hit the United States when the Knickerbocker Trust Company in New York failed, leading to a cascade effect that caused many other banks to totter as well. Conservative Republicans blamed Roosevelt for the economic distress, claiming that his actions had undermined stability and shattered consumer confidence.The New Deal was a series of programs, public work projects, financial reforms and regulations enacted by President Franklin D.
Roosevelt in the United States between and It responded to needs for relief, reform and recovery from the Great Depression. With the assassination of President William McKinley, Theodore Roosevelt, not quite 43, became the 26th and youngest President in the Nation’s history (). He brought new excitement and.
In , President Theodore Roosevelt changed the Monroe Doctrine through his “Roosevelt Corollary.” Roosevelt and other prominent Americans were concerned that European creditor nations would use the unpaid debt of the Latin American states to gain political control over them.
Roosevelt was the first President to use the power of the media to appeal directly to the American people. He understood that his forceful personality, his rambunctious family, and his many opinions made good copy for the press.
Theodore Roosevelt, bynames Teddy Roosevelt and TR, (born October 27, , New York, New York, U.S.—died January 6, , Oyster Bay, New York), the 26th president of the United States (–09) and a writer, naturalist, and soldier. He expanded the powers of the presidency and of the federal government in support of the public .
As President, Roosevelt wanted to increase the influence and prestige of the United States on the world stage and make the country a global power.
He also believed that the exportation of American values and ideals would have an ennobling effect on the world.