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3 pages in length. Progressives, who "sought advancement through the liberation of human energies and potential from both the fading restraints of past ages and the new restraints imposed by modern industrialism" (Tallant, 2001), were responsible for tremendous changes to virtually every area of national society, not the least of which included regulation of industry and trust-busting. Bibliography lists 3 sources.
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File: LM1_TLCProgEraR.rtf
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restraints imposed by modern industrialism" (Tallant, 2001), were responsible for tremendous changes to virtually every area of national society, not the least of which included regulation of industry and trust-busting.
I. TRUST-BUSTING The Microsoft Anti-Trust case of the late twentieth century harkens back to a time decades earlier when progressive reformers sought to break up precisely the same type
of industrial monopolies for the good of American commerce. Arguing how such a presence represented "unnatural economic institutions which suppressed the competition which was necessary for progress and improvement"
(Tallant, 2001), reformers believed it was the governments responsibility to ensure equitable commerce through development of smaller companies from the demise of monopolizing conglomerates.
The primary reason behind the goal of trust-busting was to endorse the notion of social responsibility. Because society is fundamentally based upon performance and profit, it is not
unusual to find it necessary for the reformers to impart a sense of corporate social responsibility with regard to monopolistic practices. The ethical approaches of purpose, principle and consequence
are integral components of business social performance; itemizing these contributions as they relate to trust-busting finds one incorporating the interests of ethics and morality within the corporate structure, essential concepts
that were all but absent from any standpoint. Indeed, the very issues of corporate social responsibility should have rightly existed within the infrastructure of equitable commerce; however, it required
to efforts of progressive reformers to remind big business and the government alike that monopolies did not represent the American peoples best interests. The reformers argued how ethics, business and
society - all a "necessary and critical ingredient in the successful enterprise" (Ruin, 1997) - must work in tandem or there is no purpose for any of its existence.
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