In addition, trade protection in the world is becoming more and more prevalent, the export volume of the United States has fallen instead of rising in the past few years, the benefits of monopoly have been greatly reduced, and the disadvantages have become more and more prominent, so anti-monopoly has become very necessary, and even if the economic crisis cannot be eradicated, it can reduce the harm to some extent. Pen? Interesting? Pavilion wWw. ｂiquge。 ｉｎfo

But then again, this was only one of the reasons why Theodore Roosevelt decided to fight monopoly, and it was only a secondary reason, and its main purpose was actually to solve a big problem that he had noticed many years ago......

Due to the unique environment at the time of the founding of the country, the United States began to follow the line of capital dominating power, and if it is more accurate, it should be financial capital dominating power, because in the stage of capitalist free competition, the scale of industrial enterprises is limited, and the power of business owners is far from being able to compete with the bankers, and can only serve as vassals of the latter.

But as capitalism entered the monopoly stage, some behemoths that were unimaginable a few decades ago began to appear, such as Rockefeller's Mobil Oil Company, which almost completely monopolized oil production in the United States, and the United States accounted for more than seventy percent of the world's oil production, so it is not an exaggeration to say that it has a monopoly on world oil production. This gave Rockefeller an astonishing fortune, with his personal assets exceeding $100 million long before the collapse of the gold standard, beyond the reach of all bankers in the Old and New Worlds.

And more importantly, once an absolute monopoly is formed in a strategic industry with rigid demand for products, just like the landlords in the old Chinese society, they can obtain stable profits almost without risk, so is it necessary for him to borrow money from banks? And he doesn't need to borrow money from the bank, and he has more money than the banker, does he still need to buy the account of financial capital? Naturally, there was no need, so the position of financial capital, which had been ruling the United States behind the scenes, began to waver.

It is precisely because J.P. Morgan, the world's most successful financier, saw this trend early on that he began to invest in industry a long time ago, such as investing in Edison to establish the Electric Light Company, and single-handedly facilitating the establishment of General Electric Company, and not long ago raising huge funds to acquire Carnegie Steel, and on this basis, he established a larger American steel company, monopolizing most of the steel industry in the United States. It was thanks to the huge profits from these successful investments and the enormous influence of many of its leading companies that J.P. Morgan was able to surpass the well-established Jews in Europe (Note 1) and become the world's number one financial giant.

The success of J.P. Morgan objectively pointed out a clear way for financial capital to merge with industrial capital in order to obtain greater profits and consolidate its own position, but bankers with foresight and investment vision like him are very few after all, and once the industrial giants achieve absolute monopoly, or even only a relative monopoly, the confidence will be greatly enhanced, and the price that bankers need to pay if they want to acquire or buy shares is too great. Not everyone can raise more than a billion dollars (about $500 million before the collapse of the alloy standard) for mergers and acquisitions in a short period of time like J. P. Morgan......

After the industrial revolution, most of a country's comprehensive strength is determined by its industrial strength, but the more industry develops, the stronger the power of industrial capital, the more the position of financial capital is challenged, and there is a divergence between the strength of the country and the interests of financial capital.

This was undoubtedly what Theodore Roosevelt did not want to see, because he had a background in finance capital, but he also loved the United States as the best platform to realize his ideals and ambitions. While he was in distress, he was inspired by the antitrust cries of the American people......

As a result, Theodore Roosevelt skillfully exploited the popular hatred of trusts to promote the far-reaching "Antitrust Act", and Rockefeller and other industrial magnates did not let them buy congressmen to vote against it, but after all, industrial capital is an emerging power, and how can political struggles win deep financial capital? What's more, there is still public support behind the financial capital and Roosevelt this time, even if he is as unruly as Rockefeller, he can only bow his head and admit it in the end, and reluctantly dismantle his oil empire.

As soon as Rockefeller took the lead, other monopoly organizations could only be dissolved, and there was no soil for the birth of new monopoly organizations. Once industrial capital is unable to form a monopoly, it can only continue to bow down to financial capital.

But Theodore Roosevelt didn't want to push the industrial giants too hard, or they would probably choose to withdraw from the United States, and his goal would still not be achieved. Therefore, after giving an industrial giant like Rockefeller a big stick, Theodore Roosevelt then gave them another sweet date, and let Rockefeller and other industrial giants integrate into the small circle of the American financial community through self-established banks or cross-shareholding.

In order to win over the most important of them, Rockefeller, Theodore Roosevelt, even persuaded the financial magnates to agree that the Rockefeller family would get a large stake in the Federal Reserve that was about to be established (the early collapse of the gold standard contributed to the earlier establishment of the Federal Reserve), and then the Rockefeller family was truly retired with the country, and the benefits of the right to issue money would only be greater than the previous monopoly on the oil industry. To wash away the notoriety accumulated by unscrupulous means during the rise to prominence, and then try to live to be 100 years old......

Note 1: First of all, Rockefeller and Morgan are not Jews, and there is not a single Jew among the world's richest people. In fact, the strength of the Jewish consortium lies in their overall strength and their close ties with local bankers in various countries, rather than relying on one or two particularly powerful leaders, at least in the current era, a single Jewish rich man cannot be compared with the world's top rich, after all, the status of Jews in the current Western society is similar to that of the Chinese in Nanyang before, and if there is too much wealth, it is inevitable that they will be sheared.

Even later novels ("Currency Wars" can really only be read as novels, and it is still a small white text. The Rothschilds are no exception, they have always dared to speak only for financial capital, but not for their suffering fellow Jews, the best proof is that their strategy of diversifying capital is also to ensure their own security, wealth is scattered and cannot be wiped out, governments have to think carefully when they want to start, and if they are really strong enough to dominate the Western world, why harm themselves like this? (To be continued.) )