![]() ![]() The Industrial Revolution utilized machines and methods of mass production that magnified this division of labor. ![]() In 1776, Adam Smith argued in The Wealth of Nations that free-market capitalism would bring prosperity for all by finding new ways for workers to divide their labor. Woodrow Wilson eventually adopted a combination of both approaches. His successor, William Howard Taft, wanted the courts to break up unlawful monopolies. Theodore Roosevelt is often given credit for launching the era of trustbusting, but he preferred government regulation of monopolies. Adam Smith and The Wealth of Nations | Progressives and the Era of Trustbusting | The Development of Antitrust Enforcement | Media Mergers and the Public Interest ![]()
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