Competition law

Competition law is a law that promotes or seeks to maintain market competition by regulating anti-competitive conduct by companies. Competition law is implemented through public and private enforcement.

Competition law is known as antitrust law in the United States and European Union, and as anti-monopoly law in China and Russia. In previous years it has been known as trade practices law in the United Kingdom and Australia.

The history of competition law reaches back to the Roman Empire. The business practices of market traders, guilds and governments have always been subject to scrutiny, and sometimes severe sanctions. Since the 20th century, competition law has become global. The two largest and most influential systems of competition regulation are United States antitrust law and European Union competition law. National and regional competition authorities across the world have formed international support and enforcement networks.

Theodore Roosevelt

Theodore "TR" Roosevelt (/ˈroʊzəvɛlt/ ROH-zə-velt; October 27, 1858 – January 6, 1919) was an American statesman, author, explorer, soldier, naturalist, and reformer who served as the 26th President of the United States from 1901 to 1909. As a leader of the Republican Party during this time, he became a driving force for the Progressive Era in the United States in the early 20th century.

Born a sickly child with debilitating asthma, Roosevelt successfully overcame his health problems by embracing a strenuous lifestyle. He integrated his exuberant personality, vast range of interests, and world-famous achievements into a "cowboy" persona defined by robust masculinity. Home-schooled, he became a lifelong naturalist before attending Harvard College. His first of many books, The Naval War of 1812 (1882), established his reputation as both a learned historian and as a popular writer. Upon entering politics, he became the leader of the reform faction of Republicans in New York's state legislature. Following the deaths of his wife and mother, he took time to grieve by escaping to the wilderness of the American West and operating a cattle ranch in the Dakotas for a time, before returning East to run unsuccessfully for Mayor of New York City in 1886. He served as Assistant Secretary of the Navy under William McKinley, resigning after one year to serve with the Rough Riders, where he gained national fame for courage during the Spanish–American War. Returning a war hero, he was elected governor of New York in 1898. The state party leadership distrusted him, so they took the lead in moving him to the prestigious, but considered by them powerless, position of running for vice president as McKinley's running mate in the election of 1900. Roosevelt campaigned vigorously across the country, helping McKinley win re-election by a landslide on a platform of peace, prosperity, and conservatism.