The Gilded Age: Wealth, Corruption, and the New America — Fexingo History
In 1895, the Supreme Court ruled on United States v. E.C. Knight Company, a case that crippled the Sherman Antitrust Act for a decade. Lucas and Luna explore how the American Sugar Refining Company, under Henry Havemeyer, cornered 98% of the sugar market, how President Grover Cleveland's administration tried to stop them, and how the Court's narrow distinction between 'manufacturing' and 'commerce' let monopolies flourish until the Northern Securities case of 1904. They discuss the Sugar Trust's formation through a secret stock swap, the Justice Department's unprecedented lawsuit, Chief Justice Melville Fuller's 8-1 ruling, and Justice John Marshall Harlan's lone dissent arguing the Constitution must adapt to industrial scale. The episode also touches on the E.C. Knight Company's small refinery in Philadelphia, the role of Senator John Sherman, and the broader failure of early antitrust enforcement. #GildedAge #Antitrust #ShermanAct #SupremeCourt #SugarTrust #HenryHavemeyer #ECKnight #MelvilleFuller #JohnMarshallHarlan #GroverCleveland #Monopoly #TrustBusting #CommerceClause #USvECKnight #History #AmericanHistory #FexingoHistory #NorthAmerica Keep every episode free: buymeacoffee.com/fexingo [https://buymeacoffee.com/fexingo]
140 episoder
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