Presidential money moves: Benjamin Harrison

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Click a president on the timeline to find out how he impacted the U.S. financially. Think we left one out? Email us.

2008 - George W. Bush 1971 - Richard Nixon 1930 - Herbert Hoover 1965 - Lyndon B. Johnson 1933 - Franklin Delano Roosevelt 1816 - James Madison 1890 - Benjamin Harrison 1913 - Woodrow Wilson 1791 - George Washington

Benjamin Harrison

Authorization of the Sherman Antitrust Act

This legislation, written by Sen. John Sherman, R-Ohio, and signed by President Harrison, aimed to stop companies from monopolizing (or oligopolizing) a market. This was alleged to have been done through trusts, in which the monopolizing company would convince or coerce shareholders of other companies to entrust their shares to a board of trustees in exchange for dividend payments.

Although the act didn’t define exactly what a monopoly and a trust were, they’ve been left up to the interpretation of the executive and judicial branches. Most recently, AT&T Inc. lost an antitrust case with the Department of Justice to buy T-Mobile USA Inc.