Theodore Roosevelt and the Crisis
The failure of the progressive movement of the late nineteenth and early twentieth centuries to address the issue of widespread ownership of capital resulted in a quarrel between Roosevelt and one of his “trust busters,” Judge Peter S. Grosscup. As a result, the ownership issue was sidelined during Roosevelt’s administration. It never became a part of the progressive platform, despite ongoing efforts by Grosscup to focus people’s attention on the critical need to spread out ownership of America’s productive capacity.