The term describes governmental actions aimed at dismantling monopolies and business combinations that restrain trade. These actions often involved legal proceedings under antitrust laws, with the goal of promoting competition within the marketplace. For instance, the dissolution of Standard Oil in the early 20th century serves as a prominent example of the concept in practice.
The dismantling of large, monopolistic entities was seen as crucial for protecting consumers from unfair pricing and ensuring a level playing field for smaller businesses. The policy was a response to public concerns about the immense power wielded by industrialists and the potential for economic exploitation. This period shaped regulatory frameworks still relevant today.
