Theodore Roosevelt Quotes


We wish to control big business so as to secure among other things good wages for the wage-workers and reasonable prices for the consumers. Wherever in any business the prosperity of the businessman is obtained by lowering the wages of his workmen and charging an excessive price to the consumers we wish to interfere and stop such practices. We will not submit to that kind of prosperity any more than we will submit to prosperity obtained by swindling investors or getting unfair advantages over business rivals.


Citations

Theodore Roosevelt, 1858-1919, 26th President of the United States (Republican, NY Speech, Progressive [Bull Moose] Party Convention, Chicago, June 17, 1912

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Related Quotes

These appear to be the first economic regulations of New England. Note that although there was a Governor of the Colony, such economic issues were considered to be fundamentally religious in nature. Therefore Cotton—the leading cleric of the colony—was called upon to in effect legislate on the subject. Ironically, this is not terribly different from the theocracy in Iran or some other Muslim countries of today where like some of the early American Colonies, there was no separation of church and state.


The prime minister had a political and philosophical position that government should not interfere with or set or control pricing in the economy. However, a scandal broke out involving payday lending—short term lending the working class does to tide them over till pay day if they run out of money. Lenders were charging huge interest rates beyond anything that is conscionable. Cameron’s government placed controls on interest rates and other facets of that industry as they might have lost a vote of confidence in Parliament had they not acted. He was then questioned about the hypocrisy involved in his regulation, and he gave this amazing quotation, which was the classic reason for government price controls on the private sector that had been given by the Labor Party opponents for years. This also distressed extreme conservatives, who argue that market controls are always preferable to government controls.


The President and his new appointee were half joking but many of the large corporations were attacking the new department and its head frequently. The extreme conservatives used the technique of personally discrediting the head of the agency to discredit the agency and its activities. The President himself was so popular that they did not dare attack him.


Theodore Roosevelt
Theodore Roosevelt
  • Born: October 27, 1858
  • Died: January 6, 1919
  • Nationality: American
  • Profession: Nobel Peace Prize

Theodore Roosevelt Jr., often referred to as Teddy or his initials T. R., was an American statesman, conservationist, naturalist, historian, and writer, who served as the 26th president of the United States from 1901 to 1909. He previously served as 33rd governor of New York from 1899 to 1900 and the 25th vice president of the United States from March to September 1901. Roosevelt emerged as a leader of the Republican Party and became a driving force for anti-trust and Progressive policies.