Which of the following is NOT true about the creation of the Northern Securities Company Limited and the subsequent actions taken by Teddy Roosevelt’s administration?
A) The company consolidated all of the oil production and refining in America under one company, which distressed Roosevelt because all of the oil in America would come from one corporate entity.
B) The attorney general used the Sherman Anti-Trust Act of 1890 to sue in order to break up the monopoly.
C) The company had been created by the merger of the Great Northern Railroad, the Union Pacific Railroad, and the Northern Pacific Railroad.
D) The merging of the companies created a monopoly that allowed for higher rates for passengers and cargo with limited competition.
ANSWER
Answer: A
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