TRUSTBUSTER Meaning and
Definition
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Trustbuster is a noun that refers to a person or agency responsible for enforcing antitrust laws and regulations in order to combat and break up large monopolistic corporations or trusts. The term emerged during the late 19th and early 20th centuries when there was a surge in the formation of large industrial trusts that dominated various sectors of the economy.
These trustbusters, often appointed by the government, aim to promote competition and prevent the concentration of economic power in the hands of a few. They investigate and prosecute companies engaged in unfair business practices, such as price-fixing, predatory pricing, market allocation, and other anti-competitive behaviors that restrict trade or eliminate effective market competition.
Trustbusters wield considerable legal authority and can initiate lawsuits or seek court orders to dissolve monopolies, break up large corporations, or impose restrictions on their activities. Through these interventions, trustbusters strive to restore a competitive marketplace, foster innovation, protect consumer rights, and maintain a level playing field for all participants in the economy.
Famous examples of trustbusters include Theodore Roosevelt, who took on prominent corporations such as Standard Oil and the Northern Securities Company, as well as the United States Department of Justice's Antitrust Division, which is responsible for enforcing antitrust laws in the United States. The role of trustbusters remains crucial in ensuring fair and vibrant market competition and preventing the abuse of economic power by monopolistic entities.
Common Misspellings for TRUSTBUSTER
- rrustbuster
- frustbuster
- grustbuster
- yrustbuster
- 6rustbuster
- 5rustbuster
- teustbuster
- tdustbuster
- tfustbuster
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- trystbuster
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- tristbuster
- tr8stbuster
- tr7stbuster
- truatbuster
- trrustbuster
- trusbuster
- trustbustter
- trustbustor
Etymology of TRUSTBUSTER
The word "trustbuster" is derived from the combination of two terms: "trust" and "buster".
The term "trust" originated in the late 18th century and originally referred to a group of companies or corporations that are combined into a single entity, placing the control of multiple firms under a single administration. Such combinations were often considered monopolistic and were associated with concentrated economic power. The term gained popularity during the late 19th and early 20th centuries in the United States when several large industrial corporations, such as Standard Oil and American Tobacco Company, came under scrutiny for their monopolistic practices.
The term "buster" is a colloquialism that means "one who breaks or destroys something". It is commonly used to describe individuals who challenge or disrupt established systems or practices.
Similar spelling words for TRUSTBUSTER
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