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Tuesday, 26 May 2015

Triumphant Plutocracy – Episode 5

Richard F. Pettigrew Triumphant Plutocracy (aka Imperial Washington): The Story of American Public Life from 1870 to 1920

Episode #5 – Continued reading of Triumphant Plutocracy by Richard Franklin Pettigrew, including Chapter VI: The Trusts. Pettigrew’s 12 Years In Congress Fighting Trusts. The Theory of Competition Abandoned. Trusts Grow Out of Demonetization of Silver. Trusts Propelled Into Power by the Spanish-American War. Standard Oil Sets the Path for Combination. Examination of the “Sugar Trust.” Sugar Trust Declared Illegal by New York. It Reorganizes in New Jersey. Senators Deny That Trusts Exist. New Jersey: Haven For Trusts and Combinations. President of the Sugar Trust Testifies In Congress That It Manipulates Prices. $25,000,000 Extracted In Three Years. Trust Busting A Farce. Congress Protects Trusts.




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